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leohart | 4 years ago

Even if Zillow does, they still take a 12% fee. When I was selling my house a year ago in Texas, Zillow's offer is both lower than comp in the area AND has a hidden 12% fee. Did you know they also charge YOU the repair fee?

I had a chance to talk to an inspector who looked at my place who has previously worked with Zillow to inspect houses that they were buying. The gist is that Zillow are getting the worst houses (the ones with trash everywhere, burnt carpet, feces on the wall). For them to get a "normal" house is very rare. Nobody with a normal house (and better) under normal condition (and better) will sell to Zillow. You can get a 1%+3% fee full service (pro pix, pro staging, pro cleaning, ...) any day of the week and still sell your house in mere weeks. I was not even in Austin. I guess if you don't care about making tens of thousands in a month (or hundreds of thousands in nicer cities), then you have bigger things to worry about.

Zillow's offer was already higher than OfferPad and other iBuyer's services. After my experience on the sell side with Zillow, I am incredibly wary of ALL iBuyers on the buy side.

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