Zillow Cash offer of $649K on Zestimate of $1,365,000?!

[Jonn Vidal]

Aunt was showing me she received a cash offer of $649K from Zillow on her single fam detach.

Zestimate says $1.365M.

Are they going around offering around half of MV or is $650 their cap and if so whats it based on: a max of double the average national home sale price? Cuz around here avg sale price for SFD is currently like 2M!

[Eric Goldman]

I was just talking to an agent friend of mine, his company gives people the option of a cash offer or they can list it. So. that's the cash offer. the deal he told me about. we can give you 150,000 now, or list it and you can wait for 300,000 minus the normal expenses. some people just want to take the cash and move on.