Have you sold by owner on Zillow?
 

Anyone had any good/bad experiences selling by owner on Zillow - and any tips other than reasonably priced home? Friend is thinking about trying this site and told them I would post to see how others who have done so felt about it.

Thanks for any feedback.

We did with excellent results! Didn’t even have to do an open house. Sold in a few days of posting.

Deb, we met a couple of months ago when you showed us your countertops. PM me if you have questions.

I've done it on my own by word of mouth in other states but really feel bad about handing over all that commission money for a house that will sell itself if priced properly.

The big reason I'm happy to hear about someone being happy with Zillow is that their Estimated Price and the actual selling price of the last 10 houses have nothing to do with one another, not even in the same neighborhood between their price and what we got for them.

I'm not too thrilled with Open Houses. Just a way for realtors to drum up business at our expense. Houses in the Historical Section are flying off the "Shelf" if they are priced correctly. I have proof that when we had an analysis done that their listing price was 15 To 20% lite. Fast sale little change in the commission, lots of money out the window.

Thanks for the positive post Villagesswimmer. I'm going back to the pool now. :mademyday:

No experience but be sure you have a good contract drafted, get a substantial deposit, and know how to check out the credit of the buyer.

Excellent recommendations, I will pass this info on.

How do you check out a buyer's credit?

Good question. Thinking they have to provide a letter from a lender or other stating they are qualified?

We just sold our house in Wisconsin on Zillow, very good experience. Sold in 4 days, had an open house the day before the offer. We used an attorney for closing who was very sharp and the title company did the closing. The attorney was excellent in representing us in the negotiation. We ended up doing a one party listing with a realtor but she cut her commission from 3% to 2% as we told her we didn't really want to work with a realtor just yet but they could work the commission into the offer. Saved a boat load. The one thing you may have to negotiate with potential buyer is price for them to hire an attorney as it would have otherwise been free for them. I highly recommend it! Most buyers come pre-qualified these days but you have the right to ask them if they seem interested. Their first step is to go to the bank for approval, assuming it appraises out. We did our own market comparisons going back 6 months on Zillow and Realtor.com but ultimately hired our own appraiser before listing so we didn't under or over price it. Glad we did, we got $5-10,000 more then we thought we might so well worth the $400.

You would want to check the major credit agencies. I do not know how to do this as a individual. But CreditKarma will show credit information. You could ask the buyer to establish an account (free) and to log in and let you review the site.

It seems that using Zillow entails a realtor. But low commission rate.


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Sell by owner is available on Zillow, no realtor.

I see that. Who gets paid?

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No one. I think they sneak advertising in.

Had my Village home on Zillow for a couple of months. Never had an open house. Only calls I received were from agents wanting me to list with them for a discount. Oh, one inquiry that wasn't ready to do anything.

Question friend had was is it easy to pull your ad off of Zillow when you want to cancel?