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An owned by Zillow house has been for sale in my neighborhood for 5 months. Meanwhile 5-6 other houses have sold including my neighbors. Myself, my mother-in-la
by wil421 7y ago
An owned by Zillow house has been for sale in my neighborhood for 5 months. Meanwhile 5-6 other houses have sold including my neighbors. Myself, my mother-in-law, brother-in-law, and 2 co workers have bought and sold (except me) houses this year with ease. The houses were on the market for less than 30 days with offers at or above asking prices, 2 of them had small bidding “wars”. They had offers at the first open house.
I closed in March and everyone that closed after me has gotten a better rate due to the Fed drop.
Still shocked the owned by Zillow house has not sold.
- sjg007 7y agoI am not shocked. Local real estate agents won't show the houses to a client.
- deleted 7y ago[deleted]
- kminehart 7y agoWhy not? They would still get commission on the sale, right?
- heelix 7y agoZillow and the classic real estate brokerage don't get along. There is a push to make buying a house an internet shopping cart thing, which the brokers really don't want. Were people to get the information, automate the regulation, and do the 98% common paperwork - folks would watch that 6% disappear. There are plenty of gotchas that can go wrong in one of the most expensive purchases people make (rarely, at that). Also, most of these brokerages are (somewhat) trying to build their own systems. That MLS insider 'advantage' is being devalued by most folks. Zillow does make it easy to couch surf without having to deal with the contract, contract, sign, sign, agent. Those leads are worth cash.