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`Ali Alavi
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`Stocks Home Inspection Services
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`Hergen Inspeciion
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`See the directory
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`http://www.zillow.com/learnmore/what—zillow-offers-sellers.htm[12/19/2012 11:20:55 AM]
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`Why do some listings have a Zillow Special Offer?
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`A listing agent and home seller can include a Zillow Special Offer on a home to bring added visibility to a listing. Some reasons
`include:
`
`- The seller wants to give the new listing an added “splash" when it first becomes available.
`. The home has been listed for a while and the seller is reconsidering moving if the home does not sell soon.
`. The seller is buying a home contingent on selling his/her current one, and wants to sell quickly.
`
`Who is paying for it, the seller or the agent?
`
`The seller pays for the Zillow Special Offer. As the buyer, you must ensure that the Special Offer is included in the Purchase and
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`If it is not, you have no promise or guarantee that you will receive the Special Offer
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`
`How do I make sure I get the Special Offer?
`- Contact the agent on the listing page and tell them you found the home on Zillow and ask about the Zillow Special Offer.
`- Make sure you work with your agent to put the Special Offer in the Purchase and Sale agreement for the home.
`
`What is a typical Special Offer?
`
`The Special Offer is a credit towards closing costs provided by the seller.
`
`How does a Special Offer affect me as a buyer?
`
`its an added bonus for a buyer. Not only do you buy a house you love, but you get the added benefit of what is contained in the
`Special Offer. Note that simply “seeing” the Zillow Special Offer does not make the offer yours — you must buy the home to qualify
`for the offer. Then, it is your responsibility to make sure the offer is included in the Purchase and Sale agreement during closing.
`
`Why doesn't the seller just cut the price?
`
`in many markets. price cuts are not enough to make a house stand out. A Zillow Special Offer brings added visibility to a listing
`because it is highly noticeable. But,
`if you'd rather have a price cut than a Zillow Special Offer, talk with the seller’s agent to see if
`they are open to that adjustment.
`
`what are other advantages of a Zillow Special offer?
`
`it can give a buyer more means to improve or furnish their home after the sale. Getting a loan can often require a sizable down
`payment. and after closing costs, the buyer may be left with little cash left over to buy items for the house
`
`Here’s an example:
`
`http1//www.zillow.com/learnmore/speciaI-offer—|istings.htm[12/ 19/2012 11:24:55 AM]
`
`Z|LL00O302
`
`
`
`Special Offer Listings - Zillow
`
`Take a buyer who has saved $45,000 in cash. He wants to buy a $200000 home, and needs $40,000 for a down payment (20%)
`and $5,000 for closing costs. if the home's price was cut by $5,000 to $195,000, he still needs to pay $44,000 to cover the reduced
`$39,000 down payment and $5,000 in closing costs. He would be left with only $1,000 to spend on the home.
`
`However, if he buys a home with a $5,000 Special Offer that covers all of the closing costs, he would only need to cover the
`$40,000 down payment, and he would have $5,000 left to spend on the home after the sale is complete.
`
`can I apply it to a gift card instead of use it for closing costs‘!
`
`Yes, you can. But, you should talk to your agent and lender to understand any potential impact to the loan, or loan approval
`process, and understand the process/timeline of receiving a gift card after closing.
`
`I’m an agent and I want to put a Special Offer on a home
`
`Only Zillow Premier Agents can put Special Offers on homes.
`
`How does Zillow benefit?
`
`Zillow is a media company and does not receive a part of the commission when a home sells. This also applies to home sales
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`http://www.ziIIow.com/learnmore/what-ziIlow-offers—homeowners.htm[12/ 19/2012 11:27:27 AM]
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`http2//www.ziIIow.com/learnmore/what—zillow-offer5-rea|—estate~agents.htm[12/19/2012 11:32:40 AM]
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