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.