The collaboration of Zillow and Opendoor will provide a seamless moving experience to the consumers.
FREMONT, CA: "Zillow is the most visited brand in online real estate. As we bring the housing super app to life, we're empowering our millions of visitors to understand all their options and transact in the way that best meets their housing needs," said Zillow Chief Operating Officer Jeremy Wacksman. "We know choice is important for customers and they can make the best decision when they see all of their selling options up front — including selling on the open market with a Zillow Premier Agent partner and getting a cash offer from Opendoor. This exclusive partnership will pair Zillow's audience and brand power with Opendoor's selling solution in one easy place, so customers can evaluate their selling options and easily package it with other Zillow services to buy and finance their next home."
As part of a multi-year partnership, Zillow and Opendoor Technologies have decided to combine their respective expertise to transform how people start the moving process. The collaboration will enable Zillow platform users to seamlessly receive an Opendoor offer for their house for sale as soon as they list their home on Zillow.
For many consumers, selling their home is likely to be accompanied by a lot of uncertainty, and they would rather focus on their next chapter than on the hassles of moving. Zillow users on the Zillow app or site can request, review and compare a list price from Opendoor directly to an open-market sale using a real estate agent using Zillow's apps or websites. Aside from being available on Zillow, Opendoor offers will also be offered as part of other Zillow home shopping services like financing, closing, and agent selection. Customers will have the option to use Opendoor as a standalone offering or in combination with other services. Zillow customers will also have the option to work with a licensed Zillow advisor who will assist them with understanding these options using Zillow's expert advice.
"At Opendoor, we're working to turn what is often viewed as one of life's most stressful moments — the home move — into an e-commerce experience that's simple, certain and fast. By bringing together Zillow's market-leading audience and Opendoor's e-commerce platform, more consumers will have the option to sell to Opendoor and save themselves the stress and uncertainty of a traditional sale process," said Opendoor President Andrew Low Ah Kee. "For parents looking to upsize, a young professional moving for a new job, and millions of others who regularly use Zillow to explore their home selling options, we will provide them with the ability to move with a tap of a button."
As the two companies collaborate, they hope to introduce a new product experience in the coming months and years to serve shared customers around the country.