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The house I bought was listed for two weeks. They had one day of showings. The following day they stopped accepting offers. Maybe it's different in the Bay, but
by bastawhiz 5y ago
The house I bought was listed for two weeks. They had one day of showings. The following day they stopped accepting offers. Maybe it's different in the Bay, but here in Raleigh houses are available to tour for essentially eight hours.
- moonchrome 5y agoThe alternative being to ask above market the house so it sits on the market for longer ? I don't understand what Zillow changes in this story ? (I'm genuinely curious - not from US)
- HWR_14 5y agoMost investors seem to overask and let it sit on the market. The carrying cost of an extra month is more than offset by the higher final sale price.
- bastawhiz 5y agoZillow eliminates the notion of showings as an event. They plug in a smart lock and (at least to my understanding) you can tour the minute the listing goes up. There's no rushing to showings, your can tour any house that's in their portfolio on the market.
- dragonwriter 5y ago> Zillow eliminates the notion of showings as an event Showings aren't an event unless the seller (perhaps through their agent) decides they should be. > They plug in a smart lock and (at least to my understanding) you can tour the minute the listing goes up. A lockbox with a key that buyers agents can get access to has been routine for sales of homes where the seller doesn't actively choose to limit showing for a long time; changing the technology doesn't fundamentally change anything. If access is made directly to buyers that would be a slight change in accessibility (also an increase in risk for the seller), but not, in practice, a huge difference.