If Zillow likes a home, it promises a cash offer in a few days. It then deducts a roughly 7.5% fee (slightly higher than a standard real estate commission?) and repair costs (usually about $12,000). The seller picks their closing date. And that moldy shower upstairs? Just leave it for Zillow to handle.
But did you know that on average, customers who sold their homes to an iBuyer netted 11% less than people who sold their homes on the open market, MarketWatch’s analysis found. Link here: (Marketwatch)
