
Founded in 2006 by former Microsoft executive Rich Barton, Zillow is an American technology real estate marketplace company. It provides consumers with information about homes for sale in their neighborhood, as well as marketing tools to help agents market these properties. The company also produces a series of home value reports for more than 130 metropolitan statistical areas. The company's flagship product, the Zestimate, estimates the value of a home.
Zillow also has a mobile application, which is a useful way to get your feet wet in the world of property searching. The application allows you to find and save homes in your area that match your search criteria, as well as receive notifications when a home goes on the market or comes off the market. The Zillow app is also a great tool for finding a new place to live, especially if you don't have a realtor to help you navigate the process. The app lets you input the address of the property you want to search, and then it uses GPS to show you homes that are near you.
Unlike traditional realtors, Zillow doesn't have an inspector scouting every property it lists. It simply gathers data from a variety of sources, including public records and data submitted by homeowners, to estimate the home's value. This data is then combined with the company's proprietary algorithm to provide a Zestimate. The company claims to be able to predict the value of a home 80-90% of the time. The resulting offer isn't as accurate as a true-to-life appraisal, but it's a useful start.
In addition to the aforementioned Zestimate, Zillow offers several other services, such as a map that shows you nearby homes, as well as a mobile app that allows you to add additional home details, like the number of bedrooms and bathrooms. These features are accompanied by Bing maps that help you learn more about the area in which you are looking to buy or rent.
The Zillow site is also a great resource for buyers and sellers alike. The company boasts about 250,000 home sale leads annually, which is about twice as many as Opendoor. This means that Zillow is one of the most popular websites to search for and buy a home. The site is also home to a number of real estate brands that focus on all phases of the home life cycle.
Aside from the iBuying features, Zillow also has a rental manager that allows users to list a rental for 30 days. This feature allows you to select the unit you want to rent, and it includes a host of other categories, such as pet friendly units.
It's not hard to see why Zillow is the leading website for real estate. The company offers excellent data, a user-friendly mobile app, and a solid real estate database. But there are a few things you should know before you sign up. Using the Zillow app is the best way to ensure that you're receiving all the benefits of using the website, while minimizing the risk of making an incorrect decision.