All properties are subject to prior sale or withdrawal. ID information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
ID information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Our best-in-class features help you unlock life’s next chapter by getting into a home you love.
The Zillow app gives you resources and tools you won’t find anywhere else, so you can shop smarter for your next home: * The most listings and constant updates, so you never miss out* Estimate®, the industry-leading independent home valuation tool, calculated daily* Robust filters for school districts, views, pricing, pets, Has, and more* 3D Home Tours, so you can picture yourself in a home and narrow down which houses to visit in person * Easier co-shopping: Tag your favorite home features and share your favorites to coordinate your search with a partner or roommate* Push notifications to let you know when houses come to market, have a sale pending, or drop in price* Neighborhood details including restaurants, grocery stores, parks, and coffee shops* Self Tour for Zillow -owned homes, with no appointment and no pressure.
You can easily toggle back and forth to find great homes in each group. We are always working hard on improvements to make finding your next home even easier. On my iPad, most recently the app just locks up, requiring either a restart or deleting and reinstalling the Zillow.
Ultimately I’d love to see 3D street viewing as an option, and the return of image saving and saving to room choices... I lost all my Dream Kitchen and Master Bath photos saved from homes we traveled to Georgia to visit. Decent control over search saves and update notifications as well.
The house will be down the street, two miles away, or even all the way across the county from where the map shows it. I love to see the inside views and the asking price while on location without having to call anyone.
When you are totally not interested in a property, it would be great to be able to delete it from “My List”. A MAJOR FLAW is the standard algorithmic equation for determining a homes value.
If you update an older home and do an extensive renovation, Zillow will not push against their own algorithm to make it reflect the work you have completed. Your new potential buyers will constantly use the old Zillow price against you for negations.
Privacy practices may vary, for example, based on the features you use or your age. Stay Safe.” initiative combines industry-leading health and safety standards with virtual technologies designed to give our employees, customers and partners confidence and support to stay safe, and keep real estate moving forward.
That’s why we’re on a mission to give people the power to unlock life’s next chapter. Zillow Group, Inc. PublicTraded as Founded February 8, 2006; 14 years ago (2006-02-08)Headquarters Russell Investments Center Seattle, Washington, U.S. Key peopleIndustry Real estateRevenue US$2.7 billion (2019) Operating income US$-247.5 million (2019) Net income US$-305.4 million (2019) Total assets US6.1 billion (2019) Total equity US$3.4 billion (2019) Employees5249URL Zillow .com Zillow Group, Inc., or simply Zillow, is an American online real estate marketplace company that was founded in 2006, and was created by Rich Barton and Lloyd Frank, former Microsoft executives and founders of Microsoft spin-off Expedia, Spencer Ra scoff, a co-founder of Hotwire.com, David Basel, Zillow's current Chief Technology Officer, and Kristin Hacker, Zillow's current Senior Vice President of Experience Design.
Zillow has stated that it is a media company that generates revenue by selling advertising on its website. In April 2009, Zillow announced a partnership to lend its real estate search engine to the websites of more than 180 United States newspapers as a part of the Zillow Newspaper Consortium.
Zillow shares advertising revenue from the co-branded sites with the newspapers and extends its reach into local markets. Real Estate launched an exclusive partnership creating the largest real-estate advertising network on the web, according to score Media Matrix.
Zillow charges renters a transaction fee when using Debit or Credit Cards to pay their landlord. However, Renters also have a no-fee option to pay their rent by using ACH.
In 2018, Zillow Group began operations as a blanket referral fee network without an upfront cost called Zillow Flex. Once a broker closes a home transaction with a client, they pay a referral fee out of escrow to Zillow.
In areas where Flex partner brokers operate alongside brokers who pay for Zillow Premier Agent upfront, leads and connections flow through the same system and are allocated randomly to partner brokers. Blanket referral fees paid to Zillow Group are not disclosed to consumers, but likely range anywhere between 30–40% of the entire broker's commission.
The main qualification for real estate brokers who participate with Zillow Flex Program is their willingness to pay a blanket referral fee once the transaction is complete. Barton got the inspiration for funding Zillow when he was working at Microsoft, and he realized that the real estate industry would be transformed.
In 2010, Spencer Ra scoff was named CEO of the company. In February 2019, Barton returned as CEO to lead the transition.
In 2018, Zillow signed a partnership with Century 21 Canada to begin listing Canadian properties on the site, marking the first country outside the United States to be covered by the company. In February 2020, Zillow's stock was up 18 percent after going down by four years.
In March of the same year, the CEO of Zillow announced a cut in expenses by 25%, and stopped hiring due to the COVID-19 outbreak. In April 2011 Zillow acquired Portlets, an online real estate listing creation and distribution platform.
In November 2011, Zillow acquired Diverse Solutions for $7.8 million. In May 2012, Zillow acquired Renounce, a software-as-a-service company which allows landlords and property managers to market and lease their rental properties through a set of online tools.
On October 31, 2012, Zillow acquired the real estate shopping and collaboration platform, Buy folio. On November 5, 2012, Zillow acquired Lincoln, NE based mortgage technology company Morten for $17 million.
On November 26, 2012, Zillow acquired Hotbeds for $16 million. On August 19, 2013, Zillow acquired StreetEasy for $50 million.
On July 16, 2014, Zillow acquired Really, a Vancouver, B.C.-based startup that helps developers access real-estate data from multiple listing services (MLS). On July 28, 2014, Zillow announced a deal to buy Trulia for $3.5 billion.
On July 22, 2015, Zillow Group announced it would acquire Dot loop for $108 million. On January 3, 2016, Zillow Group announced it would acquire Naked Apartments for $13 million.
On August 2, 2016, Zillow Group acquired Bridge Interactive. Zillow has data on approximately 110 million homes across the United States.
It also provides basic information on a given home, such as square footage and the number of bedrooms and bathrooms. Users can also get estimates of homes that have undergone significant changes, such as a remodeled kitchen.
In December 2006, Zillow launched features allowing users to post homes for sale and set a “Make Me Move” price (an informal way to pre-market a home), as well as a real estate wiki. That same year, Zillow teamed with Microsoft to offer a feature in Microsoft Virtual Earth that shows aerial photographs.
In December 2009, Zillow expanded its listings to include rental homes. In late 2013, Zillow began powering AOL Real Estate.
In October 2017, Zillow announced to add 3D tours to get 360-degree photos of houses they're interested in buying or renting. In July 2018, Zillow released a tool for prospective renters to submit a credit check and eviction history report to landlords.
The company reportedly had 36 million unique visitors in January 2019. This service allows for borrowers to get custom loan quotes without revealing personally identifying information.
On December 16, 2008, Zillow launched Zillow Advice, allowing people to ask real estate questions online and get answers from the Website's community of experts. Zillow produces home value reports for the nation and over 130 metropolitan statistical areas.
The reports identify market trends including, but not limited to: five and 10-year annualized change, negative equity, short sales and foreclosure transactions. Zillow also releases a Homeowner Confidence Survey.
The survey is conducted by Harris Interactive and measures homeowners' perceptions about home value changes of their own home and the local market. The Zillow data team has created a database of nearly 7,544 neighborhood boundaries in the largest cities in the U.S. and made them available via Creative Commons Attribute-Sharealike license.
Zillow determines an estimate, also known as a “Estimate,” for a home based on a range of publicly available information, including sales of comparable houses in a neighborhood. According to Zillow, the Estimate is a starting point in determining a home's value.
The accuracy of the Estimate varies by location depending on how much information is publicly available, but Zillow allows users to check the accuracy of Estimates in their own region against actual sales. On June 14, 2011, Zillow changed its algorithm used to calculate Estimates.
In addition to changing the current Estimate for millions of homes throughout the country, Zillow changed historical Estimate value information dating back to 2006. In 2007, The Wall Street Journal studied the accuracy of Zillow's estimates and found that they “often are very good, frequently within a few percentage points of the actual price paid.
In October 2006, the National Community Reinvestment Coalition filed a complaint with the Federal Trade Commission stating that Zillow was “intentionally misleading consumers and real-estate professionals to rely upon the accuracy of its valuation services despite the full knowledge of the company officials that their valuation Automated Valuation Model (AM) mechanism is highly inaccurate and misleading.” In a letter dated May 4, 2007, the FTC elected not to investigate this complaint, which was later withdrawn by the CRC.
Using data published on the Zillow website, the typical Estimate error in the United States in July 2016 was $14,000. While factors contributing to estimates are described elsewhere, Zillow seemingly overemphasizes home square footage as the major metric driving property valuation.
This method may not be unique to Zillow, but unduly distorts value expectations. Listings in areas where land is priced at high premiums often reflect an identical Zillow Estimate to that of nearby homes with comparable interior square footage, but where the home might be decades older.
Condition, age of home, special features, proximity to nuisances are insufficiently factored into the estimate. Zillow has made some effort to add balance by including option for owners to provide their own value estimate; but, these figures can be similarly unreliable as being opinion instead of quantifiable.
On February 26, 2016, the U.S. District Court for the Central District of California certified the class to include anyone who worked as an inside sales consultant at Zillow between November 2010 and January 2015. Among the numerous allegations brought by high-profile attorneys Bobby Saying and Mark Garages, Zillow is accused of failing to pay wages, failing to pay overtime pay, and failing to provide meal and rest breaks.
On May 5, 2016, Zillow settled the action for an undisclosed amount, without admitting any wrongdoings. In 2017, Zillow sent a cease and desist letter to Kate Wagner, the author of Mansion Hell, a blog that lampooned the presentations of ostentatious homes found on the site.
Wagner was represented by the Electronic Frontier Foundation. Zillow later released a statement saying they had “decided against moving forward with legal action” on the matter.
Zillow CEO Spencer Ra scoff gets book deal with major New York publisher”. “Extreme Makeover: Rich Barton Has A $700 Million Stake In Zillow And Plans To Turn It Into A Home-Flipping Machine”.
“Yahoo, Zillow to Pair Up on Web Real-Estate Ad Network”. Zillow now lets you apply for apartments and pay rent online”.
“Extreme Makeover: Rich Barton Has A $700 Million Stake In Zillow And Plans To Turn It Into A Home-Flipping Machine”. Zillow Founder Rich Barton Is A Billionaire One Year After Taking Back The Company”.
^ Zillow to list Canadian real estate in partnership with Century 21”. ^ “Rich Barton lays out Zillow's coronavirus playbook: Freeze hiring; cut expenses; pause home-buying”.
^ a b c Harvey, Kenneth R. “Which is more accurate: Zillow's Estimate or Redfin's Estimate?” ^ Zillow : Monica's Apartment From Friends Worth $2.9 Million”.
^ “Federal Trade Commission Complaint” Archived July 1, 2007, at the Payback Machine ^ “FTC_NCRC_ Zillow .pdf” (PDF). “Inaccurate Zillow 'Estimates' a source of conflict over home prices”.
Zillow's alleged “frat house” culture leads to new lawsuit”. ^ “Mark Garages: More Zillow employees victims of sexual harassment”.
Zillow Sends Cease and Desist Letter to Mansion Hell, the Architectural Criticism Blog We Need Right Now ”. “Mansion Hell Responds to Zillow's Unfounded Legal Claims”.