One of the original and most well-known housing market
IBuyers has bit the dust. Zillow announced last week that it is discontinuing
its Zillow Offers, a program through which the company bought homes directly from
owners, made necessary improvements, and listed them for resale. A message on the Zillow Offers landing page says, “Zillow
Offers is winding down, which means we are not making any new offers on homes.
We’re focused on helping existing customers and selling our remaining
inventory. If you’re looking to sell, we can connect you with an expert agent
in your market.” Customers with a Zillow contract are advised to log into their
account for further information. In late October the company announced it was suspending
acquisitions through the end of the year. This announcement makes it permanent.