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

Spam prevention
Rainmaker
5,583,769
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
4,256,037
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (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
4,040,390
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
2,604,162
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

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
1,404,064
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

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
4,114,531
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
1,898,821
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
Rainmaker
508,283
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
910,446
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
6,604,383
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I prefer to use my trusted local loan officer.

Apr 02, 2019 03:54 PM
Rainmaker
1,639,526
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, 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
104,511
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
1,722,655
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent 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
528,950
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
3,464,783
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

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

Apr 02, 2019 05:20 PM
Rainmaker
1,229,123
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

They have been for a while. Old news.

Apr 02, 2019 05:10 PM
Rainmaker
684,365
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
4,097,284
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Not surprised.

Apr 02, 2019 04:02 PM
Rainmaker
1,707,423
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
2,074,037
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
4,207,135
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
535,339
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
5,571,848
Barbara Todaro
RE/MAX Executive Realty - 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
1,919,284
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Interesting.

Apr 02, 2019 09:46 AM
Rainmaker
3,720,421
Endre Barath, Jr.
Berkshire Hathaway HomeServices - 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
Ambassador
952,922
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Staying with my local guys. 

Apr 02, 2019 05:06 PM
Rainmaker
710,004
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
5,407,022
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - 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
2,641,352
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
665,858
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Incredible!

Apr 02, 2019 10:25 AM
Rainmaker
522,531
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
248,471
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
3,616,999
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

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
325,972
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

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

Apr 02, 2019 01:53 PM
Rainer
232,377
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
1,386,873
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
849,710
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
3,330,828
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
4,861,513
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

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

Apr 02, 2019 07:54 PM
Rainmaker
1,044,339
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
3,054,860
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Oh yes ... one size fits all. 

Apr 04, 2019 07:34 AM
Rainmaker
2,023,850
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
4,011,222
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
3,069,984
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