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Zillow Wants to Buy Your Home

Today on the Southern California Real Estate Report we talk about a platform Zillow is trying out in San Diego. Zillow wants to buy your house.

-For a flat fee of 7.5% Zillow will buy your house

-It is more than most agents charge which is between 5% and 6%

-Zillow can close faster than most, offering a 10 day closing and faster

-Zillow is trying to disturb the Real Estate market and get its piece of the transaction fees but it question is will it work.

-Its hard to duplicate what a person can do with a computer and Zillow has already experienced some struggles.