Zillow is one of the worst things to happen to the real estate market since Dodd-Frank. Zillow is nothing more than a data mining and advertising platform for new real estate agents. They tried to be “real estate agents” and failed miserably because they don’t know real estate. They know data mining and how to sell your information to desperate agents that can not get business any other way.
Why You Should Really Vet Real Estate Agents That are Sent to You By Zillow
When a home buyer is looking at properties on Zillow they may think they are sending their information when the click the “more information” or “contact the real estate agent” to the listing agent. In truth you are sending your information to 3-10 real estate agents that are paying a lot of money, I mean A LOT of money to buy your personal information. I used Zillow the first year of my career until I realized how horrible their business practice was. That is why the second you click “more info” you are bombarded by real estate agents. Take Zillow Evergreen, Colorado for example. I shared buyer information with at least 3 other agents that are paying between $1500-$7000 per month for your data. I would get about 10 leads per month for that amount. That is why it was very important for me to make sure the buyer worked with me. I needed all 10 to at least look at properties for me to make the return on my investment I wanted.
Most real estate agents that are experienced do not need to use Zillow. Zillow is more for the lazy Realtor that doesn’t know how to market or get referrals from doing a good job for their clients. If an agent is advertising on Zillow they are not good enough to get business any other way. Why else would they pay over $75,000 per year or more for your email address?
Let’s Talk Briefly About Zestimates
Do not use zestimates! Do not, Do Not, DO NOT use zestimates to price your home. Especially in unique areas like Evergreen Colorado. Unless the buyer is moving to a place that has 3 different floorplans with 100s of recent sales you should not use Zillow Zestimates. There is a reason why banks don’t use an algorithm to price homes. They use an experienced human. Markets like Evergreen Colorado can not be reduced to a simple square footage alogo. There are so many variables that go into pricing a home that unless you are at the property, you can never give an accurate estimate.
Zillow is Not the Consumer’s Friend
Zillow will take your information and sell it for top dollar to anyone willing to give them money. They are a despicable shady, slimy and underhanded company that hurts the customer, consumer and the real estate market as a whole.
(Almost) Any Agent Will Give You a Free Accurate Home Value
Most real estate agents will come our and give you a free CMA. That is when they come out and look at your home, go back to the office, find comps, adjust those comps and give a real value of your home. A seller should be skeptical of an agent that gives them a value over the phone without looking
Most real estate agents will come our and give you a free CMA. (comprehensive market analysis) if you ask,” she said. “We need to make sure that we can get the value of the home and to see how much we can get for it, so that we can get a sense of what our profit is going to be.” Many agents also offer an area walkthrough before listing their homes for sell so potential buyers can see what the house looks like in person without having to rely on pictures or video That is when they come out and look at your home, go back to the office, find comps, adjust those comps and give a real value of your home. A seller should be skeptical of an agent that gives them a value over the phone without looking at the home. That is what we are saying here. It is impossible to give the true value of a home without seeing the home in person. You should also respect a Realtor that won’t give you a price on the first phone call. The agent needs to see the entire property to give you a list price that is accurate.
The Luxury Denver luxury home market is on fire. The luxury prices continue to rise as people are seeking a luxurious lifestyle in the Denver Mountains. You can get into a luxury mountain home for around $3 Million. That is if you can even find a Denver mountain luxury home Read more
Easy Steps On Listing Your Home For Sale By Owner Just decided to sell your home without the assistance of a real estate agent? Listing your home for sale by owner can be a rewarding experience, but it requires careful planning and execution. In this blog post, we will walk Read more
There are countless reasons to use a real estate agent when you buy or sell your home. One big reason is buyers usually don't pay the agent and sellers usually make more money when selling with an agent. Then there are the legal reasons. Also security reasons. You should always Read more
The terms "Realtors" and "Real Estate Agents" are often used interchangeably, but they are not synonymous. While both are licensed to sell real estate, there are key differences in their qualifications, responsibilities, and affiliations. This comprehensive guide aims to demystify these roles, helping you make an informed decision when buying Read more