COMPARISON WORKSHEET Knowing your numbers and making … · Knowing your numbers and making an...
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Zillow Offers™ is a great solution for sellers looking to reduce the complexity of selling their home. Make an informed decision on how to move forward by reviewing the costs and expenses associated with Zillow Offers and a traditional sale. Knowing your numbers and making an informed decision COMPARISON WORKSHEET Review this example comparison, then use the blank template on the next page to make your own. Market value Zillow Offers $338,000 Traditional sale range $333,000 - $345,000 Price dependent on offers Transaction costs Agent fees & selling costs 4.1% $13,862 2.9% $9,669 - $10,007 Closing costs 1% $3,380 1% $3,334 - $3,450 Additional concessions none 1% Help buyer with closing costs $3,334 - $3,450 $3,334 - $3,450 Your agent’s commission 2.9% $9,805 2.9% $9,669 - $10,007 Zillow selling costs Homeownership costs 0.7% $2,366 0.8% Double mortgage Utilities HOA $2,805 $2,488 $172 $145 Zillow service charge 1.8% $6,085 n/a Prep & repair costs Repairs 2.5% $8,507 2.5% Interior paint New flooring $8,507 $3,321 $5,186 Landscaping & cleaning included 0.3% Refresh landscaping Professional cleaning $1,354 $804 $550 Total selling costs 13% $44,005 11.5% $38,672 - $39,580 Estimated net proceeds $293,995 $294,328 - $305,420 Benefits of Zillow Offers: Certainty Avoid the risk of buyer financing falling through. Convenience Forget repainting, repairs or renovations — you won’t need to stage or list your home. Control Pick a closing and move-out date that works with your timeline, between 7 to 90 days out. Safety Minimize in-person contact so you can feel safer when selling your home.
Transcript of COMPARISON WORKSHEET Knowing your numbers and making … · Knowing your numbers and making an...
Zillow Offers™ is a great solution for sellers looking to reduce the complexity of selling their home. Make an informed decision on how to move forward by reviewing the costs and expenses associated with Zillow Offers and a traditional sale.
Knowing your numbers and making an informed decision
COMPARISON WORKSHEET
Review this example comparison, then use the blank template on the next page to make your own.
Market valueZillow Offers
$338,000
Traditional sale range
$333,000 - $345,000Price dependent on offers
Transaction costs
Agent fees & selling costs 4.1% $13,862 2.9% $9,669 - $10,007
Closing costs 1% $3,380 1% $3,334 - $3,450
Additional concessions none 1%
Help buyer with closing costs
$3,334 - $3,450
$3,334 - $3,450
Your agent’s commission 2.9% $9,805 2.9% $9,669 - $10,007
Zillow selling costs
Homeownership costs 0.7% $2,366 0.8%
Double mortgage
Utilities
HOA
$2,805
$2,488
$172
$145
Zillow service charge 1.8% $6,085 n/a
Prep & repair costs
Repairs 2.5% $8,507 2.5%
Interior paint
New flooring
$8,507
$3,321
$5,186
Landscaping & cleaning included 0.3%
Refresh landscaping
Professional cleaning
$1,354
$804
$550
Total selling costs 13% $44,005 11.5% $38,672 - $39,580
Estimated net proceeds $293,995 $294,328 - $305,420
Benefits of Zillow Offers:
Certainty
Avoid the risk of buyer financing falling through.
Convenience
Forget repainting, repairs or renovations — you won’t need to stage or list your home.
Control
Pick a closing and move-out date that works with your timeline, between 7 to 90 days out.
Safety
Minimize in-person contact so you can feel safer when selling your home.
Market value
Zillow Offers Traditional sale range
Price dependent on offers
Transaction costs
Agent fees & selling costsWhen Zillow resells your home, there are costs to close including 2.5-3% for the future buyer’s agent commission and concessions, typical in a traditional sale.
Closing costsEstimated cost that includes title, escrow and transfer tax.
Additional concessionsPotential concessions negotiated with the buyer none
Your agent’s commissionNote: Listing agent commission is not included in Zillow’s Offer. Include commission per your listing agreement here for a complete comparison.
Zillow selling costs
Homeownership costsAfter closing, Zillow pays property tax, utilities, insurance, HOAs and maintenance costs before selling the home. In a traditional sale, the seller is responsible for similar costs, as well as double mortgage or rent payments, if applicable.
Zillow service chargeThis fee helps provide a hassle-free, certain sale on the day of your choice.
n/a
Prep & repair costs
RepairsMost homes need a few repairs before selling. Zillow handles these renovations and repairs, so you don’t have to.
Landscaping & cleaningCosts to prepare the interior and exterior of the home for resale.
included
Additional items
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Total selling costs
Estimated net proceeds
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COMPARISON WORKSHEET
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