Zillow and Opendoor Announce Multi-Year Partnership
Home sellers visiting Zillow will be able to request an Opendoor offer
SEATTLE and SAN FRANCISCO, August 4, 2022 /PRNewswire/ — Zillow, Inc. (Nasdaq: Z and ZG) and Opendoor Technologies Inc. (Nasdaq: OPEN) announced a multi-year partnership that combines two category leaders to transform the way people start moving. The partnership will allow home sellers on the Zillow platform to seamlessly request an Opendoor offer to sell their home.
Selling a home can be fraught with uncertainty for many consumers who prefer to focus on their next chapter rather than the stress of moving. Potential sellers on Zillow apps and sites can request and view an offer directly from Opendoor and easily compare it to an open market sale using a realtor. Opendoor offers will be available on Zillow, and customers can use the service as a standalone offer or combine it with other Zillow home shopping services such as financing, closing and agent selection. Additionally, Zillow customers will be able to work with a Certified Zillow Advisor who will serve as a helpful guide in understanding these options.
“Zillow is the most visited brand in online real estate. As we bring the super housing app to life, we empower our millions of visitors to understand all of their options and transact the way they do. that best meets their housing needs,” Zillow said. CEO, Jeremy Wackman. “We know choice matters to 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 of a cash offer from Opendoor. This exclusive partnership will combine Zillow’s audience and brand power with Opendoor’s selling solution in one place, so customers can evaluate their selling options and easily combine them with other Zillow services to buy and finance their next home.”
“At Opendoor, we strive to transform what is often considered one of life’s most stressful times – moving – into a simple, certain and fast e-commerce experience. By bringing together the market-leading audience of Zillow and the e-commerce platform, more consumers will have the opportunity to sell to Opendoor and save themselves the stress and uncertainty of a traditional sales process,” said the President of Opendoor. Andrew Low Ah Kee. “For parents looking to scale up, a young professional moving for a new job, and millions of others who regularly use Zillow to explore their home-based selling options, we’ll give them the ability to move from one push of a button.”
Zillow and Opendoor are working together to launch this new product experience with the goal of serving shared customers nationwide in the months and years to come.
About Zillow Group
Zillow Group, Inc. (NASDAQ: Z and ZG) is reinventing real estate to make it easier to open the next chapter in life. As the most visited real estate site in United StatesZillow® and its affiliates provide customers with an on-demand experience to sell, buy, rent or finance with transparency and ease.
Zillow Group affiliates and subsidiaries include Zillow®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Trulia®, Out East®, ShowingTime®, Bridge Interactive®, dotloop®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).
About open door
Open doors mission is to fuel the progress of life, one movement at a time. Since 2014, open door has provided people across the United States with an easy way to buy and sell a home. open door currently operates in a growing number of markets nationwide.
For more information, please visit opendoor.com
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements in this press release that do not relate to historical facts should be considered forward-looking, including statements regarding Zillow’s and Opendoor’s respective business strategy and plans, market opportunities and expansion and management objectives for future operations. These forward-looking statements are generally identified by the words “may”, “target”, “may”, “potential”, “will” or “would”, the negative of these words, or other similar terms or expressions. The absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many important factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including, but not limited to, Zillow’s and Opendoor’s success in retaining or recruiting, or required changes in its officers, key employees or directors. ; the impact of the regulatory environment and the complexities of compliance related to that environment; various factors relating to Zillow’s and Opendoor’s respective business, operations and financial performance, including, but not limited to, the impact and duration of the COVID-19 pandemic; the ability to respond to general economic conditions and the health of the residential real estate industry in the United States. The foregoing list of factors is not exhaustive. You should carefully consider the above factors and the other risks and uncertainties described under “Risk Factors” in each of Zillow’s and Opendoor’s most recent annual reports on Form 10-K filed with the Securities and Exchange. Commission (the “SEC”), as updated by other filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on any forward-looking statements, and neither Zillow nor Opendoor undertakes any obligation and does not intend to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. Neither Zillow nor Opendoor guarantees that they will achieve their respective expectations.
SOURCE Zillow, Inc.; Opendoor Technologies Inc.