There seems to be A LOT of talk about Zillow and how they are going to become the MEGA real estate company putting many companies and agents out of business. Here are my thoughts... I think Zillow is a great platform and is currently beneficial to both agents and consumers. HOWEVER, when it comes down to selling real estate locally I think consumers want experienced and professional local agents to assist them with the purchase of one of the largest investments of their life! If Zillow comes in and takes over the market in all the Multiple Listing Service areas it would reduce the agents pay/commission making agents salaried and setting a CAP at how much they can make. As a home seller this may sound good to you but think about the quality of the agent that will be handling your most cherished possession. At this point the agent just become an employee punching the clock for a check and not trying to build and take pride in their own business! I think this would result into carelessness and neglect to clients. I think that Zillow is a very good tool for agents and the public even FSBO's to be able to list properties for sale or rent but they need to be very careful and not become too greedy because it just could lead to their demise! Zillow as it is makes TONS of money off real estate agents selling them "preferred agent" spots on their site. If Zillow were to actually do what people are speculating and try to become a MEGA REAL ESTATE COMPANY I would hope that all the Multiple Listing Services would sever any contract with them to utilize their IDX... then they wouldn't have so much to offer now would they?
So, let me know your thoughts. Do you think it's a good idea for Zillow to start their own MEGA REAL ESTATE COMPANY?
Author:Laurie Rowe Phone: 803-518-1815 Dated: April 21st 2017 Views: 913 About Laurie: Let me help you with everything you need to know about buying or selling a home! As a real estate p...
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