Zillow Will Offer Portland Home Sellers Cash Offers on Select Houses | Seattle Real Estate Podcast

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Zillow is now so confident in its ability to estimate the value of a home without ever setting foot inside, it will make a cash offer on select houses, including in Portland.

The company announced the Zillow Offers initiative this week — 15 years after first posting its Zestimates, the oft-watched home-value estimates that have long been the source of much speculation about their accuracy by homeowners who have watched the “value” of their home fluctuate on various websites.

Zillow’s chief economist Stan Humphries said the new initiative, which is part of its Zillow Offers program, is a reflection of its confidence in the accuracy of those Zestimates, which have been a fixture on the company’s website since the beginning.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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