Selling With Zippen FAQ'S

How much does it cost?

Zippen’s fee to use the Zippen Seller Assist Program is equal to 5% of market value. This will be paid out of closing and will not be collected upfront. The program fee does not impact your 90% share. 

If there are "Additional Proceeds" from us selling the property for a higher price, then both parties benefit.  Our interests are aligned with yours.  Any additional proceeds will be split 60% to you and 40% to Zippen. 

When do I pay the program fee?

There are no upfront costs – you never pay until closing.

How does the additional proceeds split work? (called the Proceeds Plus)

EXAMPLE: Let's say the market valuation is $500,000 and your 90% share is $450,000 and the property sells for $525,00 the difference between the market valuation of $500,000 and the sale price of $525,000 is $25,000 of additional proceeds. The additional proceeds will be split 60% to you or $15,000 and 40% to Zippen of $10,000.

How do property taxes work?

You will be responsible for paying the prorated property taxes at close of escrow. 

How do you determine the valuation of my home?

Zippen's team of analysts conducts a thorough market value assessment of your home using both publicly available real estate data as well as information you provide. They consider the location, size, and condition of your home relative to other homes that have recently sold in the area.

How long does it take to get my offer?

If your home is approved, we will send you the Zippen estimated "Net Sheet Offer" within 24 hours of the application being completed.

What if my house sells for less than the Zippen Market Valuation or less than the 90%?

In the event that Zippen receives an offer below market valuation, our fee will be adjusted to our company's minimum of $15,000. You'll then have the option to either proceed with the sale at the adjusted proceeds or reject the offer entirely.

Can I have extra time to move out after we close the transaction and I get paid?

We proudly provide a complimentary 14-day lease-back option for your convenience. As part of this arrangement, a $5,000 deposit will be deducted from your proceeds and securely held by the closing agent until you vacate the property.

How does this compare to Opendoor, Offerpad or other iBuyers?

The majority of the iBuyer companies will purchase your home at 70% to 80% depending on the condition and the location of the property. With the Zippen Seller Assist program you will receive 90% of the value of the property. 

How does your program compare to listing with a Realtor?

We deeply value the role of Realtors in the real estate process! However, it's important to note that listing with a Realtor typically involves a minimum 6-month contract and often demands extensive property "prep" such as painting, decluttering, and repairs, alongside fees averaging between 9% to 12% of the sale price, encompassing Realtor commissions and transaction costs.

Moreover, extending occupancy post-closing can be challenging with Realtors, as it may deter potential buyers.

Contrastingly, with the Zippen Seller Assist Program, there are no long-term commitments – you can cancel anytime. We eliminate the need for extensive property prep and offer a complimentary 14-day leaseback. Our nationwide track record ensures streamlined transactions, and as part of our program, we negotiate reduced closing costs and cover all traditional fees. 

We collaborate with you to accurately assess your property's value, to sell your property in 15 days or less through our combined expertise and cutting-edge AI technology. You'll benefit from receiving 90% of this determined value. Conversely, opting for a Realtor listing often leads to a drawn-out selling process, leaving you uncertain about your final closing proceeds and the timeline for your move.

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