Sam Shueh, mba, cdpe, reopro, pe (   (408) 425-1601)

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Ambassador
2,160,807
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

The Z heads need to read the Book How To Win Friends and Influence People... not alienate them even more!  The plot just continues to thicken.  LOL

Apr 13, 2018 08:16 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Sam,

All you have to do is focus on your business, and who cares what Zillow is doing which is everything to everyone, and you know what happens when someone tries to be everything to everyone!  A

Apr 13, 2018 08:04 AM
Ambassador
2,679,049
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Zillow has ambitions that go way beyond the Zestimate and the listing site.

  We can only keep doing what we do, and let Zillow steamroll on.

Apr 13, 2018 08:08 AM
Rainmaker
1,529,238
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

It’s amusing that they’re getting into house flipping now versus back when it made sense to be a house flipper; I’m not a fan of flipping houses I’m a buy and hold investor always have been and this is just another area Zillow can screw up: check out BuyerZapp.com and get on board baby if you want to be a survivor you got adapter the times and go to war or learn how to flip burgers

Apr 13, 2018 09:41 PM
Ambassador
5,200,855
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I'm not surprised in the least, Sam!

Heck, they sell our leads to other agents (in multiples for each lead), they may as well compete with those same agents as well. 

Apr 13, 2018 10:40 AM
Rainmaker
556,286
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

They are watching too much TV where it looks easy and safe.

Apr 13, 2018 10:39 AM
Ambassador
3,581,349
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Sam we have many of these flip and sell companies in Phoenix and they seem to be popping up quickly. I just had a discussion on this very issue in a CE class I taught this week. Very interesting.

Apr 13, 2018 09:58 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I don't think about Z.... I'm not a fan.... I do my own thing....

Apr 13, 2018 09:35 AM
Rainmaker
1,498,138
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That could be a problem for a few people I know.

Apr 13, 2018 09:14 AM
Rainmaker
949,552
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

I don't see this risky capital intensive business model disrupting the traditional brokerage business. JMO

 

Apr 13, 2018 08:48 AM
Rainmaker
4,552,881
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I appreciate being aware of this but can't see how it effects me at this moment. 

Apr 13, 2018 08:26 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

They will have a hard time buying flip homes here. They move super quick and are in multiple offers every time. Many times it is based on who you know.

Apr 13, 2018 06:53 PM
Ambassador
6,352,320
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Jay Thompson generally has some words of wisdom about things like this, wonder what he will add here.

Apr 13, 2018 03:47 PM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I saw this article yesterday. They are saying they will use premier agents to buy and sell the homes they are purchasing and selling, that they aren't becoming a broker themselves. -K

Apr 13, 2018 01:40 PM
Rainmaker
1,619,091
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

One of their ideas......and it is not a bad idea, but we'll see if they are going to keep it. 

Apr 13, 2018 01:13 PM
Rainer
413,956
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Z is going to be a painting contractor, a drywall patcher, and hide meth lab evidence next in order to sell these houses fast for big profits. Will Z be hosting seminars on Investing? Will Z be doing termite and home inspections? Probably yes

Apr 13, 2018 01:03 PM
Rainmaker
7,787,954
Roy Kelley
Retired - Gaithersburg, MD

Thanks for sharing this information.

Apr 13, 2018 12:06 PM
Rainmaker
1,294,191
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

This is a small part of the real estate market. Sellers who are willing to take less for their house because it is quick, easy and they get fast cash deserve the deal that they get. Zillow, and the rest of the ibuyer type outfits cannot buy unless the make money on the resale. Sure, there are always going to be special situations just like there were foreclosures and short sale event before the recession brought them to national attention. “Normal” sellers with “normal” needs will not use these services.

Apr 13, 2018 11:50 AM
Rainmaker
1,574,666
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Just saw CEO interviewed on CNBC.  Zillow is taking Realtors money (providing service?) and then going to compete directly and disguise that as a service to the market.

Apr 13, 2018 11:34 AM
Rainmaker
2,775,511
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Their CEO and team is on the move going after a piece of the multi-trillion dollar Real Estate pie...everyone should go after their own slice or crumbs

Apr 13, 2018 10:05 AM
Ambassador
5,032,261
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Yep, I saw the news from Inman on this. Zillow is going to do what they want but I don't see this impacting my business.

Apr 13, 2018 09:11 AM
Rainmaker
5,190,916
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Zillow will not impact my business with its flip model.

Apr 13, 2018 08:56 AM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Everyone just pay attention and stop helping Zillow to destroy the profession and also harm the perception of professionals in real estate. Most consumers think Zillow is in the REAL ESTATE profession

Apr 19, 2018 05:44 PM
Rainmaker
4,850,663
Richard Weeks
Dallas, TX
REALTOR®, Broker

Let em eat cake.

Apr 18, 2018 07:13 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Those customers looking to get ripped off have a good option here.

Apr 14, 2018 06:37 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Ron and Alexandra Seigel nailed this one!

Apr 14, 2018 06:08 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

They may eat up the bank owned and distressed sales, hopfully an owner ccupie din their right mind wont fall for selling their home at half price becuase they say its cash. Last I wonder how muct those so called hand picked agents have to pay to be selected? Nothing is free with Z

Apr 14, 2018 05:25 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for sharing 

Apr 14, 2018 04:30 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sam Shueh - One in power thinks anything can be done!

Apr 13, 2018 10:49 PM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

This is the first time I have felt like Zillow has made a big mistake.

Apr 13, 2018 06:12 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I believe that things may not be as rosy as they thought they would be and that is part of why they are branching out

Apr 13, 2018 04:58 PM
Ambassador
3,339,024
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

What the company does is none of my business. Greed leads the way and stupidity follows! 

Apr 13, 2018 12:28 PM
Rainmaker
5,096,166
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't give a hoo-ha what Zillow does. Flipping is not part of my business model in any event. Zillow has not affected my business yet and I'm not concerned that they will much in the future either.

Apr 13, 2018 08:40 AM
Rainmaker
5,848,314
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It just never ends!

Apr 16, 2018 12:13 PM
Rainmaker
4,272,424
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

And you are surprised

Apr 14, 2018 11:05 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Nothing surprised me anymore when it comes to Zillow Sam Shueh.

Apr 14, 2018 03:40 PM
Rainer
422,932
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

There was the demise of many flippers with the bubble last time...maybe this one will annihilate the Z this time around.

Apr 14, 2018 06:07 AM
Rainmaker
622,382
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Wonder if they will be willing to pay a property owner the Zestimate ? That could come back to bite them in some cases.

Apr 14, 2018 03:56 AM