The Easy Button Zillow Just Got Not So Easy
Segment 1
Selling to Zillow, the Easy Button, Halted Because its NOT so Easy
Barb, I know its tough for the first time home buyers to enter the market. Now we are hearing that Zillow quit buying homes nation wide. Could they be signaling a market correction?
Zillow is only buying in a few RED HOT markets:
Zillow was flipping homes for a profit
Their biggest source of revene
Came under scrutiny.
Some people think they pushed home to unrealistically high levels
Peyton Story
Some Bloggers Say Announcement Signals
A Declining Market
Zillow Has Been the World Leader ON Data
Ignoring Some Bloggers are Facts and Guessing to get Ratings
Zillow Tells a Diff Story
Zillow is Pausing new contracts allows them to focus on sellers already in the pipeline
They have Efficiency Issues NOT
Home Selling Issues
Zillow Stops Due to a Temporary Pause
Need “Extraordinary Local Expertise”
Wall Street does NOT Have That
Their Algorithms are wrong!
Their People are NOT experts!
Who do you want handling one of your largest assets?
Local Professional or
Wall Street Nerd?
Per former CEO Spencer Rascoff
(Still a major stock holder)
Zillow Needs “Really Good Operation Execution”
The Zillow RUB
They have Weak Processes
Can’t get rehab contractors
Can’t deliver adequate customer service
That Translates to:
LONG CLOSING DELAYS
Un-Happy Consumer Experience
Per Zillow’s P&L They Are Losing Money on This Process
Other I Buyers Stepping on the Gas
Goal: To ‘GOBBLE UP MARKET SHARE”
Consumer Trend: Sell your home to Wall Street
Offer Pad Offers/Formerly CEO of Zillow
I Get Texts and Offers Regularly
Offering to Buy Homes NOT ON THE Market
Why? They Don’t have to Compete with other Buyers!
That Means for most Sellers that Work with Me the “Easy Button”…Selling to Wall Street….
Costs Sellers to $25,000 to $75,000!
You are listening to the Real Estate Voice with myself Barb Schlinker of Your Home Sold Guaranteed Realty, if you are interested in selling your and want to call Barb give her a call at 719 301 3900
We are talking Barb about the signs of a transition from a hot real estate market to a less robust market. Tell How Our Listeners should consider before working with a tech company to sell their home…
What we are Seeing Right Now Is a Slowing of Home Value Appreciation
Key Word:
ACCELERATION
ZILLOW Pause is Simply an Operational Step
IN August: BIDEN Admin Put a New “Loan Servicing Rule” in place through the CFPB that would
1. “HOLD OFF MOST FORECLOSURES UNTIL 2022”
Long Way to Got to Get to ‘NORMAL LEVELS:
#9: Reason Not a Crash:
Compared to NON – Covid Years Sales UP & Inventory Down by 50%
Our Service:
What to Do to Get Ready
What NOT to Do to Get Ready
What Your Home Will Sell For
How Much You Will Put in Your Pocket
Moving? call us at Barb Schlinker team. Call 719 301 3900 or visit: www.BarbHasTheBuyers.com
