Is Zillow making real estate agents obsolete?

But hope is on the way; Zillow is using technology to marginalize the power of the listing real estate agent, in the process generating billions in savings for the American people. The incentives in a home sale transaction are thoroughly misaligned, particularly for the seller.

Will a realtor tell you how much your house is worth?

The agent will use public records to determine your home’s value, primarily data on recent home sales in your area. They’ll also be able to factor in things about your home that may have an effect on its value, like high-demand features and improvements.

Why is Zillow bad for agents?

They engage in “false advertising,” listing homes for sales as foreclosures. Their Zestimates are inaccurate by as much as $14,000 but are often used by consumers as legitimate sale prices. For Zillow to direct leads to property agents, agents need to pay a fee for what they say is information they already own.

How do I find my home value?

5 ways to find out what your house is worth

1. Enter your address into a home value estimator.
2. Ask a real estate agent for a free comparative market analysis.
3. Check your county or municipal auditor’s website.
4. Identify trends with the FHFA House Price Index calculator.
5. Hire a professional appraiser.

Is your real estate agent telling you an unrealistic value?

While a Real Estate agent is telling a seller an unrealistic value for their home is as old as the whole business of selling Real Estate, it becomes more prevalent when you see markets showing some signs of improvement.

Are real estate agents misleading sellers on their market value?

Real Estate agents are consistently misleading sellers on their homes market value! Even though I specialize in working with home seller’s, this type of market is one that brings about situations I do not particularly enjoy.

Should you use a real estate agent when viewing properties online?

However, viewing properties online will never replace checking out a property in person, but there are open houses, or you could simply go to the house and peek in the windows! The only time you actually need to call a real estate agent is if you want to get inside the house without breaking in!

How many realtors use video to sell property in 2020?

In 2020, it is estimated that more than one out of every five commercial drone shoots will be for real estate purposes. 17. 73\% of homeowners say they are more likely to list with a Realtor who uses video to sell property. 18. On average, the third most viewed page on a real estate agent website is the “About Us” page.