Comments on: The exploding real estate industry http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/ Where TV Finds the Future Fri, 05 Dec 2008 03:11:39 +0000 http://wordpress.org/?v=2.5.1 By: lucy http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-700424 lucy Sat, 19 Jan 2008 12:04:31 +0000 http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-700424 Wow, thanks for the excellent information! Wow, thanks for the excellent information!

]]> By: Trevor Smith http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-55977 Trevor Smith Sat, 11 Nov 2006 04:19:05 +0000 http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-55977 I'm a Seattle Real Estate Agent who is very supportive of Redfin and Zillow; however you're right, they have caused alot of controversy. Redfin, who asks their buyers to schedule home showings with the listings agents, has experienced a backlash from traditional brokers. Some listing agents are even cutting the buyers agent commission to agents who aren't present for showings. This practice is a clear backlash at Redfin's practices. As for Zillow, I always take their Zestimates with a grain of salt - although they are definitely good for a ball park figure. I’m a Seattle Real Estate Agent who is very supportive of Redfin and Zillow; however you’re right, they have caused alot of controversy. Redfin, who asks their buyers to schedule home showings with the listings agents, has experienced a backlash from traditional brokers. Some listing agents are even cutting the buyers agent commission to agents who aren’t present for showings. This practice is a clear backlash at Redfin’s practices.

As for Zillow, I always take their Zestimates with a grain of salt - although they are definitely good for a ball park figure.

]]> By: Joel Burslem http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-50251 Joel Burslem Mon, 06 Nov 2006 17:36:17 +0000 http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-50251 Realtors complain about Redfin because they feel the company shifts too much of the work onto the listing agent. The reality is they are afraid that the company's aggressive discount business model is slowly dismantling the traditional commission structure. As for Zillow's troubles, it's pretty simple really. The complainant (the NCRC) sees Zillow's $57 million in VC funding and greedily wants a piece of the pie. They level the charge that Zillow's Zestimates put low income and minority home owners at a disadvantage (because they undervalue their homes). Zillow, fearing the negative PR of being called "racist", settles quietly for a tidy lump sum so the whole thing can go away. Realtors complain about Redfin because they feel the company shifts too much of the work onto the listing agent. The reality is they are afraid that the company’s aggressive discount business model is slowly dismantling the traditional commission structure.

As for Zillow’s troubles, it’s pretty simple really. The complainant (the NCRC) sees Zillow’s $57 million in VC funding and greedily wants a piece of the pie.

They level the charge that Zillow’s Zestimates put low income and minority home owners at a disadvantage (because they undervalue their homes). Zillow, fearing the negative PR of being called “racist”, settles quietly for a tidy lump sum so the whole thing can go away.

]]> By: MR. Condo http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-49235 MR. Condo Sun, 05 Nov 2006 17:36:16 +0000 http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-49235 We run a website showcasing condos fro 20 cities and 40 countries. Tools like Zillows are the key to providing fresh, relevant data which will entice buyers to use your page as a resource. We run a website showcasing condos fro 20 cities and 40 countries.

Tools like Zillows are the key to providing fresh, relevant data which will entice buyers to use your page as a resource.

]]> By: No One http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-48928 No One Sun, 05 Nov 2006 10:26:40 +0000 http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-48928 Zillow is kinda amusing though if inaccurate at times - the studios of one station in Spokane are evidently worth *only* half a mil. Zillow is kinda amusing though if inaccurate at times - the studios of one station in Spokane are evidently worth *only* half a mil.

]]> By: Safran http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-48375 Safran Sat, 04 Nov 2006 20:47:23 +0000 http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-48375 Hell, if the official town assessors can't get it right, why go after a website? Hell, if the official town assessors can’t get it right, why go after a website?

]]> By: Jay Thompson http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-48361 Jay Thompson Sat, 04 Nov 2006 20:27:21 +0000 http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-48361 A lot of Realtors fear Zillow (why is beyond me) and welcome this claim. But the fact is, the complaint filed by the NCRC is just plain ridiculous. Anyone with just a modicum of intelligence should realize that no piece of software is going to provide a 100% accurate home valuation. A lot of Realtors fear Zillow (why is beyond me) and welcome this claim. But the fact is, the complaint filed by the NCRC is just plain ridiculous. Anyone with just a modicum of intelligence should realize that no piece of software is going to provide a 100% accurate home valuation.

]]> By: thedetroitchannel http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-48273 thedetroitchannel Sat, 04 Nov 2006 18:23:33 +0000 http://www.lostremote.com/2006/11/04/the-exploding-real-estate-industry/#comment-48273 this combined with a $4 million ad campaign soon to be launched by the NAR is just the beginning. "it's a great time to buy or sell a home" is the tag line (i think)...the problem for the NAR is that both buyer and seller realize the 6 or 7% take is just too high. this combined with a $4 million ad campaign soon to be launched by the NAR is just the beginning.

“it’s a great time to buy or sell a home” is the tag line (i think)…the problem for the NAR is that both buyer and seller realize the 6 or 7% take is just too high.

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