Zillow, Opendoor announce multi-year partnership

Home sellers visiting Zillow can 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 combining two category leaders to transform how people start moving. The partnership allows home sellers on Zillow’s platform to seamlessly request an Opendoor offer to sell their home.

Selling a home can be a source of uncertainty for many consumers who want to focus on their next chapter rather than the worries of moving. Potential sellers on the Zillow app and websites can query and view directly from Opendoor and easily compare it to open market sales using a real estate agent. Opendoor offers are available on Zillow, and customers can use the service as a stand-alone offering or bundle it with other Zillow home marketing services such as financing, closing and agent selection. In addition, Zillow clients can work with a licensed Zillow consultant to help guide them through these options.

“Zillow is the most visited brand in online real estate. By bringing the Home Super app to life, we’re empowering our millions of visitors to understand all their options and shop around to find the home that best meets their needs,” said Zillow. Chief Operating Officer, Jeremy Waxman. “We know choice is important to customers and they can make the best decision when they see all of their sales options in front of them – including selling on the open market with Zillow’s premier agent partner and receiving funding from Opendoor. This unique partnership combines Zillow’s audience and product power with Opendoor’s sales solution in one easy place for customers They can review their selling options and easily bundle them with other Zillow services to help buy and finance their next home.

“At Opendoor, we’re working to make what’s often considered one of life’s most stressful times – moving home – into an e-commerce experience that’s easy, secure and fast. By bringing together Zillow’s market-leading audience and Opendoor’s e-commerce platform , many consumers have the option to sell to Opendoor and save themselves the stress and uncertainty of a traditional sales process. Andrew Lowe Ah Ki. “For parents looking to upscale, a young professional moving for a new job, and the millions of other people who regularly use Zillow to explore home selling options, we’re giving them the ability to move with the tap of a button.”

Zillow and Opendoor are collaborating on this new product experience with the goal of serving mutual customers nationwide in the coming months and years.

In Care Of The Zillow Group
Zillow Group, Inc. (NASDAQ: Z & ZG) is reinventing real estate to make it easier to unlock the next chapter of life. As the most visited real estate website in AmericaZillow® and its affiliates provide an on-demand experience for customers with transparency and ease of selling, buying, renting or financing.

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 Mortgages, LLC is an Equitable Mortgage Lender, NMLS #10287 (www.nmlsconsumeraccess.org).

In Care Of Open door
Open door Its mission is to move life’s progress one step at a time. Since 2014 Open door It provides an easy way for people across the US to buy and sell homes. Open door It now operates in a growing number of markets nationwide.

For more information, please visit www.opendoor.com

Forward-looking statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements contained in this press release that do not relate to historical facts are forward-looking, including statements regarding Zillow’s and Opendoor’s business strategies and plans, market opportunities and expansion and management’s objectives for future operations. These forward-looking statements are generally identified by the words “may”, “goal”, “may”, “will”, “will” or “will”, the negative of such words or other similar words or expressions. The absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are forecasts, projections and other statements about future events that are based on current hopes and assumptions and are, as a result, subject to risks and uncertainties. A number of important factors could cause actual future events to differ materially from the forward-looking statements in this press release, including each of 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 associated with such an environment; Various factors related to Zillow’s and Kpendoor’s respective business, operations and financial performance, including the impact and duration of the COVID-19 pandemic; Ability to respond to general economic conditions and the health of the US residential real estate industry. The above list of reasons is not exhaustive. You should carefully consider the above factors and the other risks and uncertainties described in the “Risk Factors” in each of Zillow’s and Open Door’s most recent annual reports on 10-K filed with the Securities and Exchange Commission (“SEC”), as updated in other SEC filings. 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 forward-looking statements, and neither Zillow nor Opendoor undertakes any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Neither Zillow nor Opendoor make any guarantees that you will meet your expectations.


Source Zillow, Inc.; Opendoor Technologies Inc.

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