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Old Yesterday, 02:52 PM
 
313 posts, read 249,564 times
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Quote:
Originally Posted by MikeJaquish View Post
Uh.....
Smart buyers don't look at Zillow?
Well, smart buyers don't look at Zillow and take it seriously.

Yeah, that's it.
Zillow mirrors the MLS and is much more "normal people" friendly than other sites. Anyone who's actively looking *should* be looking on zillow.

The bad part of Zillow are their estimated property values, which don't really come into play if the house is actively listed.
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Old Yesterday, 03:27 PM
 
Location: Cary, NC
32,464 posts, read 56,756,891 times
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Quote:
Originally Posted by eightbitguy View Post
Zillow mirrors the MLS and is much more "normal people" friendly than other sites. Anyone who's actively looking *should* be looking on zillow.

The bad part of Zillow are their estimated property values, which don't really come into play if the house is actively listed.

Why would you not see all listings, rather than those that Zillow has?
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Old Yesterday, 03:30 PM
 
313 posts, read 249,564 times
Reputation: 413
Quote:
Originally Posted by MikeJaquish View Post
Why would you not see all listings, rather than those that Zillow has?
MLS has all listings, and zillow gets a feed from MLS so that all the MLS listings show up in Zillow. Unless the home is listed by a broker who doesn't want it on Zillow, the listing will be on Zillow as well.
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Old Yesterday, 04:12 PM
 
Location: Raleigh NC
8,447 posts, read 6,637,131 times
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Quote:
Originally Posted by eightbitguy View Post
MLS has all listings, and zillow gets a feed from MLS so that all the MLS listings show up in Zillow. Unless the home is listed by a broker who doesn't want it on Zillow, the listing will be on Zillow as well.
this is not correct, and Zillow doesn't even "mirror" the MLS' that it does receive full feeds from. It's a snapshot, updated on occasion.
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Old Yesterday, 04:16 PM
 
Location: Cary, NC
32,464 posts, read 56,756,891 times
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Quote:
Originally Posted by eightbitguy View Post
MLS has all listings, and zillow gets a feed from MLS so that all the MLS listings show up in Zillow. Unless the home is listed by a broker who doesn't want it on Zillow, the listing will be on Zillow as well.
Over 40% of brokers in my local MLS withhold listings from Zillow.
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Old Yesterday, 04:17 PM
 
Location: Cary, NC
32,464 posts, read 56,756,891 times
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Not all MLSs send listings to Zillow.

So, "Zillow has all the listings" is patently untrue.
And, my clients who are set up on an ASAP Notification search get to see listings long before Zillow shows them.

Zillow doesn't have to be good or honest as long as agents feed them cash to get sales leads. That is 67% of their revenue, and they still bleed and burn money.

Last edited by MikeJaquish; Yesterday at 04:40 PM..
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Old Yesterday, 06:25 PM
 
333 posts, read 81,237 times
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Quote:
Originally Posted by MikeJaquish View Post
Not all MLSs send listings to Zillow.

So, "Zillow has all the listings" is patently untrue.
And, my clients who are set up on an ASAP Notification search get to see listings long before Zillow shows them.

Zillow doesn't have to be good or honest as long as agents feed them cash to get sales leads. That is 67% of their revenue, and they still bleed and burn money.
Yep - the last property I sold, I specifically requested that it NOT be listed on Zillow. Primarily because their SWAG of an algorithm had not remotely caught up to how hot the neighborhood was and I didn't have the patience to deal with a buyer that would try to use that.

5 offers in 2 days. Didn't need them.
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Old Yesterday, 06:33 PM
 
Location: San Francisco Bay Area
4,459 posts, read 2,357,174 times
Reputation: 8692
Quote:
Originally Posted by MikeJaquish View Post
Over 40% of brokers in my local MLS withhold listings from Zillow.
Do you then inform your sellers that their house will not be listed on Zillow (and maybe why it won't) and/or provide your sellers with a list of all the websites on which their house will be listed?
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Old Today, 05:16 AM
 
Location: Cary, NC
32,464 posts, read 56,756,891 times
Reputation: 31236
Quote:
Originally Posted by SFBayBoomer View Post
Do you then inform your sellers that their house will not be listed on Zillow (and maybe why it won't) and/or provide your sellers with a list of all the websites on which their house will be listed?

I am not one of the 40%. My listings are on Zillow. (Well, I just entered 9 land listings, and Zillow won't provide them for some reason.)
One client demanded Zillow entry, and I agreed. But, it is all or nothing on our MLS.
I would give sellers the choice of having listings on Z or not, but it would cost me a $500 initial MLS fee + $100/month ongoing, $1700 over the next year to customize my MLS syndication feed. And, I am not certain what the finished MLS solution would look like.

I may still do it, as it is good client service to give them as much control as possible. Heck, protecting clients from algorithmic appraisals while their house is on the market may be even better service offering.
My personal preference would be to not have my home listed on a scam site that offers algorithmic appraisals as a paid sales lead business generation model.

Last edited by MikeJaquish; Today at 05:25 AM..
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Old Today, 08:40 AM
 
Location: Raleigh NC
8,447 posts, read 6,637,131 times
Reputation: 7571
Quote:
Originally Posted by SFBayBoomer View Post
Do you then inform your sellers that their house will not be listed on Zillow (and maybe why it won't) and/or provide your sellers with a list of all the websites on which their house will be listed?
as noted in another thread (the person who complained his home hadn't yet been syndicated to numerous other sites), it would be literally impossible for us to tell them ALL the sites they will appear on ... because after we syndicate out, it's beyond our general control.

Zillow's web traffic/popularity may have nothing to do with selling a home. I have a better chance of proving it doesn't than Z does of proving it helps. believe it or not, there are still plenty of people who've never heard of Zillow, or otherwise do not use it. and what if "foreclosedhomes.com" had the largest web traffic, and we were selling a non-distressed home ... I'd guess the Seller wouldn't be interested in making that site.


and yes, my listings (and my company's) are syndicated including Zillow.
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