Zillow, in an overnight web transformation, has added the ability for agents and homeowners to place a virtual “For Sale” sign on the Zestimate home pages. In case you’ve been living in internet isolation, Zillow is a web site that has combined over 70 million homes in the United States with satellite imagery. They had also made it possible for homeowners to view a Zestimate of their home’s value. In addition to the virtual “For Sale” sign, Zillow is introducing “Make Me Move” pricing. Homeowners can post the price that it would require for them to sell their home now.
There is some great blog commentary to be found about what this means to the industry. Here are a few links below.
BloodHoundRealty – 2006 is the Year of Zillow
TechCrunch – Zillow knows that everyone has a price
DrewMeyersinsights.com – Zillow Adds for Sale postings…
Sellsius – Zillow Comes clean…
and last but not least,
ZillowBlog – We’re opening it up!
No need to rehash what was already said here. There are really more questions right now than answers when it comes to what the long term acceptance by the public we’ll be. I’m going to get into this a little bit so I can review the features before I start forming my opinions about it.
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