Why Zillow Zestimates are Wrong - the Failed Algorythm Story
Segment 1
Why Zillow Zestimates are Wrong – The Failed Algorythm Story
Barb, the latest news is Zillow quit buying homes. Can you explain what happened there and whether or not it affects our real estate market?
Who is Zillow?
An Internet Company Who
Mastered Google Dominance – always on page 1 of Buyer and Seller Searches
Business Model to Generate Leads and Sell them to Agents
What is Zillow Now?
Changed their Mission and Decided to ENTER & DOMINATE THE REAL ESTATE BUSINESS
Started Zillow Offers based on their Computerized ZESTIMATE of Home Value
Zillow Created a False Sense of Convenience in the Sale Process in order to Profit from a Home Seller’s Hard-Earned Equity
Something Went REALLY Wrong…
Lost ½ BILLION DOLLARS
Offering Easy Button
Why? They were paying too much and when they tried to re-sell them the market did NOT respond.
Zillow quit Buying Homes and is laying of 25% of their workers!
IN OTHER WORDS…THEIR COMPUTER ALGORYTHM OF A HOMES VALUE LET THEM DOWN!
Why Do Home Sellers Care?
Many check out the Zillow Zestimates – computer algorithm based numbers, to provide a GUESS on a Homes Value
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?
Why Was Zillow Offers So Attractive?
The Easy Button
Guaranteed to Sell
At Their Time Frame
At the Price They Want
Least Amount of Hassle
When We Come Back We Will Talk About How Our Home Sale Guarantee offers Home Sellers:
Guaranteed to Sell
At Their Time Frame
At the Price They Want
Least Amount of Hassle
AND the Opportunity to Get ALL Of Their Equity…Not Give it Up to Zillow
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 why Zillow lost ½ Billion dollars flipping homes and suddenly stopped. Barb how does you Home Sale Guarantee the Home Sellers the MOST money when they sell?
With our Guaranteed Sale Home Sellers Get:
THE BEST OF BOTH WORLDS:
1. The Ability to secure the BEST OFFER and MAXIMIZE your Hard-Earned Equity
2. Have the Peace of Mind That Your Home is Already Sold!
So How Does that Work?
The Guaranteed Sale Program is GREAT for a Sellers Market $$$$
It Allows You to Go On the Open Market to Bring Top Value for Your Home
I can say that I have extensive expertise in bringing TOP VALUE for a home.
Just Ask Colleen: We were able to get her $50,000 OVER ASKING Price in 1 weekend~
What is The Process:
THE PROCESS IS SIMPLE:
1. Call Us and Set Up a Time that I can See your Home….
2. We Must Agree on the Price and Terms
3. There are Conditions of the Guarantee we can discuss those when we meet.
You can call me any time at 719 30 3900 or visit BarbHasTheBuyers.com
By the Way this is Still a Strong Market…
Most Recent Stats indicate the AVERAGE PRICE INCREASED $12,000 IN JUST 1 MONTH!
#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
1) You are listening to the Real Estate Voice with Barb Schlinker of Your Home Sold Guaranteed Realty, if you are thinking of making a move, call Barb at 719 301 3900.
2) When we come back, we will be discussing: The Top 10 Questions You Should Ask BEFORE You Hire a Real Estate Agent for your Colorado Springs
