If you’re looking to sell your home, Zillow may make it a whole lot easier, but it depends on who you ask.
A viral TikTok alleges that the real estate company is buying up homes and raising prices, making homeownership unaffordable to untold numbers of people. Zillow has denied the claims and calls it “misinformation.”
For a while now, Zillow has been making initial cash offers on eligible homes in more than 20 cities, including Atlanta, Georgia.
The move is part of the company’s Zestimate, which has been changed due to new demands in the real estate industry. In this article, we’ll look at what Zillow’s Zestimate is all about as well as how you can sell your home.
What Is Zillow’s Zestimate?
Since 2006, Zillow has offered the Zestimate, which was a valuation tool to see how much your home was worth.
The Zestimate is now the company’s home-buying service through which customers can sell their home directly to Zillow.
The way it works is that qualifying homeowners can get the certainty of a cash offer by way of their Zestimate. The company aims to facilitate the buying and selling of homes totally online.
That means the era of having random strangers show up at your home may be a thing of the past.
How You Can Get Paid From Your Zestimate
Zillow is now pairing the Zestimate with Zillow Offers so that you can get cash in your hands more quickly.
The way this can work out for a seller is that they can find out what Zillow is willing to offer for their home before it even goes to market. This not only speeds up the process, but avoids long wait times for your property, which could cause it to look stale on the market after a while.
With a Zestimate, the home seller gets an initial cash offer if their property s deemed an “eligible home” in one of about 20 U.S. cities.
Final Thoughts
You may be wondering what it takes to buy a home in Atlanta, as the forecast for this year predicted, prices in certain areas are increasing. But that doesn’t mean you can’t find a nice home in metro Atlanta.
The first step in the process is to get pre-qualified for a mortgage.
If you’re already pre-approved for a home loan, it signals to the loan officer, real estate agent and seller that you’re ready to purchase — and not playing around.
Atlanta has one of the best real estate markets in the country, with affordable housing in every quadrant of the city. Large backyards, manicured parcels and strong neighborhoods with ample dining amenities make it one of the top places for transplants.
There’s also ample opportunities to rent your home for cash. Keep up with what’s going on in Atlanta’s real estate scene on our Real Estate page.
