More than half of Americans love to visit the online marketplace on daily basis.
Zillow Group, Inc., or simply Zillow is the leading American real estate and rental marketplace. It has data on approximately 110 million homes across the United States. The business offers several features including value estimates of homes, value changes of each home in a given time frame, aerial views of homes, and prices of comparable homes in the area.
Zillow serves the full lifecycle of owning and living in a home: buying, selling, renting, financing, remodeling, and more. It also provides basic information on a given home, such as square footage and the number of bedrooms and bathrooms. Users can also get estimates of homes that have undergone significant changes, such as a remodeled kitchen.
In Investopedia’s list of best real estate websites, Zillow is showcased at the 1st number.
Surely, there must be something in the real estate website which makes it the highest in demand. Zillow offers an escape from the monotony and a chance to dream about future possibilities—no matter how unlikely they may be.
Why the world is after Zillow?
From the user’s perspective, There are lots of people who like looking at houses as a hobby, Visiting open houses is definitely a hobby. With COVID, they are all on the computer instead. If you are looking for a great motivation to doze early in the morning or perhaps want to just explore the beautiful houses around you, Zillow gives you this facility. Just like your seeing the house in front of you. You will come to know each and every aspect which is related to the specific housing.
Zillow‘s directory can help you find real estate professionals who specialize in buying, selling, foreclosures, or relocation – among many other options. Alternatively, you could work with a local agent or real estate broker who provides an entire suite of buying and selling services.
No matter what type of real estate needs you to have, finding the local real estate professional you want to work with is the first step. The real estate marketplace let you view and compare real estate agents, read reviews, see an agent’s current listings and past sales, and contact agents directly from their profile pages.
From the real estate agent’s perspective, Zillow results in the top three or four searches in almost every market. Instead, the agents buy their leads, whether it is through their own AdWords campaign or Zillow advertising. Agents seldom generate their own new leads.
“No leads = No business”
Zillow gets leads, and does it very well, by repackaging information from MLS syndication and other sources and makes an accessible and consumer-friendly front end that.
If all of this sounds exciting to you, you’re probably ready to pursue a career as a real estate agent! Our team at Illinois Brokers Academy is here to help you with our real estate courses for any real estate career you want.
Must Read: Is real estate a dying industry?
AN OPPORTUNITY FOR REAL ESTATE AGENTS
It is possible Zillow could create its own version of the MLS. Instead of pulling existing information from the MLS, agents could be pressured into uploading listing directly to Zillow’s own portals. Zillow could effectively “force” listing agents to do this with a strong relationship with its viewers. If you are a Realtor, and your seller wants his listing to be on Zillow, you’re going to put it on Zillow, no matter what you think about it. Getting widespread cooperation like this is already a problem for Zillow, but it could conceivably pull it off with the right strategies.
Remember Ben Caballero said, Footwork is the best way to learn about local builders.
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