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Zillow Teams With Opendoor - What's The Benefit For Home Buyers?

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  • Zillow Group Inc (NASDAQ: ZG) has signed a multi-year partnership with Opendoor Technologies Inc (NASDAQ: OPEN), a digital platform for residential real estate that enables customers to buy and sell houses online.

  • The partnership will allow home sellers on the Zillow platform to request an Opendoor offer to sell their homes.

  • Zillow Group's mobile apps and websites had 234 million average monthly unique users in Q2.

  • Opendoor offers will be available on Zillow and customers will be able to use the service as a standalone offering or package it with other Zillow home shopping services like financing, closing, and agent selection.

  • "This exclusive partnership will pair Zillow's audience and brand power with Opendoor's selling solution in one easy place, so customers can evaluate their selling options and easily package it with other Zillow services to buy and finance their next home," said COO Jeremy Wacksman.

  • Price Action: ZG shares are trading lower by 8.81% at $34.77 in premarket on the last check Friday.

  • Photo Via Company

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