Zillow Ending Home Buying Program

Why Did Zillow End Their Home Buying Program? Fix and Flip Failure in the This Market?

2022-02-21

Zillow is a company most people know. It’s a popular website that allows users to search for home listings and get information about homes. But recently, Zillow announced it was closing its Home Buying Program, so many are wondering what happened to cause this decision. Zillow has been operating a “Fix and Flip” program for the past 4 years. This program was designed for those who wanted to do some light remodeling on their homes before reselling them for a higher profit. After four years of operation, there were only 350 homes sold in 2017 with the Fix and Flip program. Compare that number with the 3,800 other single-family homes sold during the same time period without using the program. Some people, including myself, believe that it was because of the failure of their ‘Fix’ program. In my opinion, I think this is why they are shutting it down.Continue Reading

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