San Diego – Zillows want to buy your home

The catch is the fee charged by Zillow averaged 7.5 percent last quarter on the sale price of a home, higher than the 5 to 6 percent a seller may pay a real estate agent.

Real estate website Zillow launched an instant-buying program Monday in San Diego County that will give users quick cash offers on their homes.

The Zillow Offers program — already in 16 other markets — charges a convenience fee instead of a commission that a seller might pay a real estate agent, but Zillow will handle the cleaning and repairs and also remove the stress of open house showings.

The catch is the fee charged by Zillow averaged 7.5 percent last quarter on the sale price of a home, higher than the 5 to 6 percent a seller may pay a real estate agent.

It’s possible the seller could be leaving money on the table with Zillow. Or not. On the one hand, a smaller fee from a real estate agent and a boots-on-the-ground approach could net more cash. But Zillow’s fee will include all the cleaning and minor repairs needed on the house, something an agent would likely ask the seller to do anyway — and pay for — so it might be a wash.

read more at: https://www.msn.com/en-us/money/realestate/san-diego-zillow-wants-to-buy-your-home/ar-AAH2buE

disclaimer: for information and entertainment purposes only

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