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Beth Atalay, Cam Realty of Clermont FL  (Cam Realty and Property Management)

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Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Beth,

I think this quote sums up the Zillow philosophy...their stock is not doing well...what next? 

Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction.     

Erich Fromm

Apr 02, 2019 09:22 AM
Ambassador
5,229,945
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Like you, I saw this one coming. Their goal - to own the universe!

Apr 02, 2019 09:01 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Getting a loan approval from Z will make Wells Fargo and BOA look like a cake walk.

Apr 02, 2019 11:35 AM
Ambassador
3,125,651
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Saw a home that needed completely re-habed and the seller on social media was asking current market price based on Z’s zestimate...sheesh!

Apr 02, 2019 09:46 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

If they use their algorithm for home values then the appraisals will shoot us all in the foot!

Apr 02, 2019 09:05 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

All I can say is good for them. Another internet lender I can talk all my clients out of.

Apr 02, 2019 12:19 PM
Rainmaker
2,390,560
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

You are right Beth Atalay , it is NO surprise. However it's not a guarentee to their success. Let's see how well they can run it.

Apr 02, 2019 11:41 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

That doesn't surprise me.  They want to be as big as possible.  Maybe a title company next.

Apr 02, 2019 10:34 AM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Z continues to re-invent itself and become more of a brokerage as time goes by.

Apr 02, 2019 09:59 AM
Rainmaker
7,835,407
Roy Kelley
Retired - Gaithersburg, MD

I prefer to use my trusted local loan officer.

Apr 02, 2019 03:54 PM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Real Estate agents who have fed Z since its infancy deserve all the credit for this

Apr 02, 2019 02:00 PM
Rainmaker
108,016
Scott Lawson
America's Home loans - Santa Rosa, Petaluma Mortgage Broker - Santa Rosa, CA
Mortgage Broker FHA, VA, refinance or purchase

Competition is a great thing...I say bring it on...There isn't a well-known online lender that can even come close to my pricing or my turn times. I love marketing against Quicken, Loan Depot and the like. They all have something in common--very high overhead, which forces them to premium price their rates. Not to mention the requlatory abyss that they are about to take on....

 

Go for it...

Apr 02, 2019 01:08 PM
Rainmaker
1,844,271
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Well I can't say I'm surprised as they have to have all the fingers in the pie now. What's the difference between them & Quicken now?

Apr 02, 2019 10:07 AM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

A to Z ... A One-Stop Shop. 

Nah!  Won't work.  They are on sinking sand.

 

Apr 02, 2019 06:16 PM
Rainmaker
4,160,362
John Pusa
Glendale, CA

Beth Atalay it will be difficult for Z to handle mortgage lender business.

Apr 02, 2019 05:20 PM
Rainmaker
1,543,634
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

They have been for a while. Old news.

Apr 02, 2019 05:10 PM
Rainmaker
758,035
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

It's all part of their masterplan. Watch out insurance agents, they're coming for you next.

Apr 02, 2019 04:43 PM
Rainmaker
4,572,117
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Not surprised.

Apr 02, 2019 04:02 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I think too much time is used thinking about Zillow. As Kurt Vonnegut wrote in Slaughterhouse Five, "And so it goes".

Apr 02, 2019 03:59 PM
Ambassador
2,161,048
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

They may be catering to those who think real estate and mortgage lending is "easy"... which it could be until presented with problems and personalities that Z may not be equipped to handle. 

Apr 02, 2019 03:30 PM
Rainmaker
5,216,381
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yep, they would like to be a oe stop shop! Good luck. Many have tried!

Apr 02, 2019 02:19 PM
Rainmaker
536,943
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Didn't see it but nothing surprises me from Z

Apr 02, 2019 10:29 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

slowly but surely, they'll be doing it all....

Apr 02, 2019 09:59 AM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Interesting.

Apr 02, 2019 09:46 AM
Rainmaker
4,456,360
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Beth, just to be clear they are grasping for straws... the only thing that will save them is if the Real Estate Market tanks and desperate agents will be wiling to pay them for a pipe dream... in the mean time this is just a drop of water in the ocean....

Apr 02, 2019 11:16 PM
Rainmaker
969,888
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Staying with my local guys. 

Apr 02, 2019 05:06 PM
Rainmaker
716,049
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Right, I read about it this am.... now they are taking on the lending world and the big banks, and the largest lender of them all Quicken Loans. Finally they pick on their own size and wealth. That'll be interesting.

Apr 02, 2019 02:42 PM
Ambassador
6,393,154
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Not sure if they are really geared up to be good at this, we will see how it works out for them.

Apr 02, 2019 02:26 PM
Rainmaker
2,781,153
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Positioning for the money pie is at hand......

Apr 02, 2019 10:26 AM
Rainmaker
785,442
Abby Stiller
TOP SELLING REALTY - Cape Coral, FL
SW Florida (239) 284-8637

Incredible!

Apr 02, 2019 10:25 AM
Rainmaker
556,536
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

More evidence that their original business model is not working. The clock is ticking.

Apr 03, 2019 04:33 AM
Rainmaker
308,714
Scott Pope
Nautical Properties - Panama City Beach, FL
You Can't Live Without Water™

When I was in the auto glass bussiness, there is a huge national chain. They made it difficult to compete with them in any way. BUT...they filed for bankruptcy several times. The point is they set all the standards in the marketplace but couldn't for the longest time make a profit. Yet they were successful at destroying competition until they could make a profit by controlling most of the market. Something is wrong with that business model. I call it unfair advantage and Zillow uses that business model as well.

Apr 03, 2019 02:54 AM
Rainmaker
3,626,530
James Dray
Fathom Realty - Bentonville, AR

Doesn't surprise me at all.  It also wouldn't surprise me if they opened up their own full service agency

Apr 03, 2019 02:10 AM
Rainer
427,257
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

Honestly, I thought they had been doing this for sometime now.

Apr 02, 2019 01:53 PM
Rainer
289,607
Byron K . Jones
Coatesville, PA
List Today - Sold Tomorrow!

Just like the other On-Line Mortage Lenders, you will have Clients that will only use "Z" until you get to settlement and they cannot close

Apr 03, 2019 08:17 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That does not surprise me, I think I saw it in some plan or discussion some time ago.  KW got into the lending business more than a year ago.  It's just one more way for Z to try and take over the entire chain.  Like KW, I can see them having "incentives" to use their lenders when buying a Zillow home.

 

And yet agents and lenders keep shelling out millions of dollars per year on "leads" instead of putting that money to use generating their own leads...

Apr 03, 2019 07:40 AM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

That sounds like the beginning of a song. I just knew this day was coming, - Did you see what Z is humming. I don't see the buyers running, to the Z that is so numbing............

Apr 03, 2019 06:00 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It was only a matter of time. The big get bigger. Service suffers

Apr 03, 2019 05:27 AM
Ambassador
5,828,638
Kathy Streib
Cypress, TX
Home Stager/Redesign

I hadn't seen it but I'm not surprised. 

Apr 02, 2019 07:54 PM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

No one is really doing anything to stop them its clear NAR can't or won't maybe its time for agents to Reorganize... 

#StopZillow

Apr 05, 2019 09:56 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Oh yes ... one size fits all. 

Apr 04, 2019 07:34 AM
Rainmaker
2,182,502
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Big Z is out to dominate the World of Real Estate

Apr 04, 2019 06:14 AM
Rainmaker
4,936,558
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

They were going to do this a while ago but now looks like for sure.

 

Apr 08, 2019 04:56 PM
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 07, 2019 06:20 AM