2,163,333
The real estate business is harder than they thought.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Brian England
Gilbert, AZ
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Candice A. Donofrio
Fort Mohave, AZ
-
Andrea Bedard
Silver Spring, MD
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Ray Henson
Elk Grove, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Carol Williams
Wenatchee, WA
-
Nina Hollander, Broker
Charlotte, NC
-
Brenda Mayette
Glenville, NY
-
Michael Jacobs
Pasadena, CA
-
Shayne Stone
Fulshear, TX
-
David M. Dwares
Fort Lauderdale, FL
-
Clay R. Seay
Saint Augustine, FL
588,148
Well goes to show that you can't do mass buying and selling houses in this business. No matter real estate is a local business, not a national business. And even investors need to do more research and like the old saying in buying "Buyers need to See It, Smell It and Touch It - to Buy It!" LOL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Greg Large
Grove City, OH
-
Candice A. Donofrio
Fort Mohave, AZ
-
Andrea Bedard
Silver Spring, MD
-
Joan Cox
Denver, CO
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Ray Henson
Elk Grove, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Carol Williams
Wenatchee, WA
-
Nina Hollander, Broker
Charlotte, NC
-
Peter Mohylsky, Destin...
Miramar Beach, FL
-
Shayne Stone
Fulshear, TX
693,775
I was surprised that they owned (or will own soon) over 17,000 homes that they will have to sell.
We had a Zillow home for sale just a few homes down the street from our home. It was priced way high when it was originally listed and they had to drop the price numerous times to get it sold. I guess they were doing that on a very large basis.
I wonder if other iBuyers will follow in the same footsteps.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Greg Large
Grove City, OH
-
Lyn Sims
Schaumburg, IL
-
Candice A. Donofrio
Fort Mohave, AZ
-
Andrea Bedard
Silver Spring, MD
-
Shayne Stone
Fulshear, TX
-
John Juarez
Fremont, CA
-
Joan Cox
Denver, CO
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
2,072,756
Their business model of paying more than market value, and selling for less ... just wasn't sustainable.
-
Tammy Lankford,
Eatonton, GA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Greg Large
Grove City, OH
-
Lyn Sims
Schaumburg, IL
-
Andrea Bedard
Silver Spring, MD
-
Shayne Stone
Fulshear, TX
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Ray Henson
Elk Grove, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
5,115,477
And so many were worried they'd put us agents out of business... not so much, afterall.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Fred Griffin Florida R...
Tallahassee, FL
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Greg Large
Grove City, OH
-
Andrea Bedard
Silver Spring, MD
-
John Juarez
Fremont, CA
-
Joan Cox
Denver, CO
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Ray Henson
Elk Grove, CA
-
Carol Williams
Wenatchee, WA
-
Shayne Stone
Fulshear, TX
1,572,500
Now I wonder if their purchases will have a negative impact on those markets they purchased in.
-
Carla Freund
Raleigh, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Andrea Bedard
Silver Spring, MD
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Ray Henson
Elk Grove, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Carol Williams
Wenatchee, WA
-
Peter Mohylsky, Destin...
Miramar Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Shayne Stone
Fulshear, TX
-
Nancy Frimann
Gilroy, CA
4,721,922
I saw this news on our Realtor forum, everyone was talking about it and sharing their opinion. They said that 25% of the staff will be cut as well.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Joan Cox
Denver, CO
-
Candice A. Donofrio
Fort Mohave, AZ
-
Andrea Bedard
Silver Spring, MD
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Ray Henson
Elk Grove, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Carol Williams
Wenatchee, WA
-
Nina Hollander, Broker
Charlotte, NC
-
Peter Mohylsky, Destin...
Miramar Beach, FL
-
Shayne Stone
Fulshear, TX
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Michael Jacobs
Pasadena, CA
4,583,659
Another day. More "surprising" news. Or maybe the quotation marks should be placed around the word news.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Andrea Bedard
Silver Spring, MD
-
John Juarez
Fremont, CA
-
Joan Cox
Denver, CO
-
Greg Large
Grove City, OH
-
Doug Dawes
Topsfield, MA
-
Ray Henson
Elk Grove, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Carol Williams
Wenatchee, WA
-
Shayne Stone
Fulshear, TX
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Brian England
Gilbert, AZ
5,772,593
We heard yesterday. Now, they have to find something else to appease their investors who no doubt are selling their stock. A
-
Carla Freund
Raleigh, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Andrea Bedard
Silver Spring, MD
-
Shayne Stone
Fulshear, TX
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Ray Henson
Elk Grove, CA
1,202,402
And their stock took a hit because of that announcement
-
Carla Freund
Raleigh, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Julie A. Black
Kapaa, HI
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Andrea Bedard
Silver Spring, MD
-
Shayne Stone
Fulshear, TX
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Joan Cox
Denver, CO
921,504
From my research of direct or iBuyer sales in the Tampa Bay area, none are making money and most likely losing $30,000 on every resell, even in todays market.
Let's see what happen to Z Devils local agent(s).
-
Carla Freund
Raleigh, NC
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Ray Henson
Elk Grove, CA
-
Carol Williams
Wenatchee, WA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Shayne Stone
Fulshear, TX
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Brian England
Gilbert, AZ
2,684,769
Zillow can't compete with BlackRock.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
John Juarez
Fremont, CA
-
Shayne Stone
Fulshear, TX
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Ray Henson
Elk Grove, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
1,325,124
I never did believe that the iBuyer business model on large scale is sustainable.
There will always be a few sellers who will sell for a lower value based on their own personal circumstances. Most sellers want top dollar for their house and will not be seduced by those who offer a lower price due to cash and convenience.
-
Steve Higgins
Kelowna, BC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Shayne Stone
Fulshear, TX
-
Joan Cox
Denver, CO
-
Andrea Bedard
Silver Spring, MD
-
Michael Jacobs
Pasadena, CA
1,057,254
Goes to show how well they know real estate. LOLZ
-
Carla Freund
Raleigh, NC
-
Buzz Mackintosh
Frederick, MD
-
Bruce Walter
West Lafayette, IN
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Shayne Stone
Fulshear, TX
-
Greg Large
Grove City, OH
-
Lyn Sims
Schaumburg, IL
5,879,035
I was a bit taken aback, but know some of the homes that have bought are sitting on the market.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Steve Higgins
Kelowna, BC
-
Brian England
Gilbert, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Lyn Sims
Schaumburg, IL
-
Andrea Bedard
Silver Spring, MD
-
Shayne Stone
Fulshear, TX
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
6,422,434
Yes, I have heard that.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
Brian England
Gilbert, AZ
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Ray Henson
Elk Grove, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Michael Jacobs
Pasadena, CA
-
Shayne Stone
Fulshear, TX
-
Gary Frimann, CRS, GRI...
Gilroy, CA
3,590,091
Gee let's pencil this out......pay far more than what an investor should pay for a house and then try to gain back some of your investment with a quick 'lip stick on a pig flip'. House sits on markets for a long, long time, price finally comes down. Gee I could see this coming a mile away from my area. There's another company paying to much for homes too. They'll be next....but I heard they're changing their ways a bit from a guy who used to work for them.
-
Candice A. Donofrio
Fort Mohave, AZ
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
John Juarez
Fremont, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Shayne Stone
Fulshear, TX
-
Michael Jacobs
Pasadena, CA
-
Brian England
Gilbert, AZ
3,350,319
Yes. Interesting.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
John Juarez
Fremont, CA
-
Bruce Walter
West Lafayette, IN
-
Shayne Stone
Fulshear, TX
-
Michael Jacobs
Pasadena, CA
-
Brian England
Gilbert, AZ
-
Kathleen Daniels, Prob...
San Jose, CA
679,404
Also I saw that they are reducing their staff by 25%. I am not crying any tears!
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
John Juarez
Fremont, CA
-
Joan Cox
Denver, CO
-
Shayne Stone
Fulshear, TX
-
Michael Jacobs
Pasadena, CA
-
Brian England
Gilbert, AZ
430,772
This was in the article I read, and I thought to myself...maybe they should stop offering Zestimates on houses.
Could it be their own Zestimates was the cause of their demise...
-
Candice A. Donofrio
Fort Mohave, AZ
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Shayne Stone
Fulshear, TX
7,869,279
Maybe they have learned a investment lesson.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Buzz Mackintosh
Frederick, MD
-
John Juarez
Fremont, CA
-
Shayne Stone
Fulshear, TX
-
Michael Jacobs
Pasadena, CA
-
Brian England
Gilbert, AZ
633,820
Looks like their ""Zestimate" got them in trouble !
-
Joan Cox
Denver, CO
-
Fred Griffin Florida R...
Tallahassee, FL
-
Shayne Stone
Fulshear, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
5,244,161
Money was not the issue. Effective management was the issue. you lose control with size. In this case too big to succeed!
-
Candice A. Donofrio
Fort Mohave, AZ
-
Fred Griffin Florida R...
Tallahassee, FL
-
Shayne Stone
Fulshear, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
808,679
Now that is interesting. I wonder what happened.
-
Joan Cox
Denver, CO
-
Shayne Stone
Fulshear, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
766,569
Now if we can get Redfin out of being a brokerage sanity will be restored.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Shayne Stone
Fulshear, TX
2,221,950
Yes, I read the article. Interesting to say the least.
-
Michael Jacobs
Pasadena, CA
-
Steve Higgins
Kelowna, BC
-
Joan Cox
Denver, CO
-
Shayne Stone
Fulshear, TX
716,452
I heard. I am not surprised.
-
Shayne Stone
Fulshear, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
1,506,613
Not a huge surprise. They'll be back in fairer weather.
-
Carla Freund
Raleigh, NC
-
Michael Jacobs
Pasadena, CA
604,644
Maybe they should have consulted a Realtor before buying all those properties and not relied on zestimates.
-
Carla Freund
Raleigh, NC
-
Michael Jacobs
Pasadena, CA
3,168,124
my only (2nd hand) experience was a friend's son had his purchased by zillow and we ALL knew they paid way over market. Literally with the price increase from when they bought it nearly two years ago until now.... it's still not worth that. I believe they lost their butts on their "investment into home byuying" adventure.
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
381,387
1,625,053
They are selling it all.
And,
I'm representing a buyer on one of the home~ accepted offer.
... it is quite interesting experience.
906,812
I have to say I'm not surprised. What does surprise me is how they haven't gotten in trouble with the RE commission. I've seen so many houses they've listed where they didn't disclose material facts that were obvious and an agent would be expected to know. Even when I've given feedback letting them know they didn't correct it. What a mess!