Tag: zillow


OfferPad cuts ties with Zillow

OfferPad cuts ties with Zillow

It’s a familiar story: tech giant swoops in and swipes scrappy start-up’s business model. The latest example: Zillow, which this month adopted the model of a former partner (and now rival) OfferPad to buy and sell properties directly to consumers in Phoenix. OfferPad and Zillow were best buds when the latter launched its Instant Offers program in 2017 in Las Vegas and Orlando. At the...

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Realtor.com launches competitor to Zestimate

Realtor.com launches competitor to Zestimate

Zestimates may not be a commodity just yet, but competitors to Zillow’s popular home valuation tool have started popping up. First, it was Redfin which launched its Zestimate alternative in 2015. LendingTree did the same in June of this year. Now it’s Realtor.com’s turn. The Realtor.com valuation tool is part of the website’s new My Home dashboard, intended to support homeowners even if they don’t plan...

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Judge uses French term to dismiss suit against Zillow

Judge uses French term to dismiss suit against Zillow

A U.S. district judge has invoked a French word used by Lewis Carroll in the book Through the Looking Glass to dismiss a lawsuit against real estate classified giant Zillow. The word is “portmanteau,” and it’s not something we’d expect to read in a legal judgment out of Illinois. But, it was the best way that Judge Amy St. Eve found to explain why Zillow’s...

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OfferUp to quadruple its office space

OfferUp to quadruple its office space

What do you do with $130 million? In the case of general classified app OfferUp, which raised that amount in its most recent financing round: quadruple the size of your office. OfferUp has signed a new lease for 71,000 square feet in Bellevue, Wash. The space is next door to its current 17,000 square foot office. The company will move to the new space in...

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Social network Nextdoor adds real estate listings

Social network Nextdoor adds real estate listings

Neighborhood social network Nextdoor is adding real estate listings. A new property section is being piloted in six regions: the San Francisco Bay Area, San Diego, Portland, Phoenix, greater Atlanta, and Dallas/Fort Worth, with plans to add additional markets “over the course of 2017,” according to an information page hidden in Nextdoor’s “Help” section. Property listings have popped up here and there on Nextdoor in...

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33,000 sign petition opposing Zillow Instant Offers

33,000 sign petition opposing Zillow Instant Offers

Zillow’s Instant Offers program, which allows prospective home sellers to receive instant offers on their homes, has been controversial with real estate professionals from the get-go. Now a large group of real estate agents from across the country have signed an online petition opposing Instant Offers.


Zillow threatens to sue McMansion Hell, blogosphere goes crazy

Zillow threatens to sue McMansion Hell, blogosphere goes crazy

Zillow tried to play tough guy with a popular blogger and the result was a PR nightmare. Kate Wagner operates an architecture parody blog on Tumblr called McMansion Hell in which she grabs pictures of very large homes from real estate websites and snarkily annotates them. Windows that don’t match, huge driveways, architectural oddities, more garage space than bedrooms – nothing gets by Wagner. Wagner’s blog is...

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Flip finds a gap between Zillow and Airbnb

Flip finds a gap between Zillow and Airbnb

Is there a gap between Zillow and Airbnb? Sub-lease site Flip (at Flip.lease) seems to think so. The New York-based real estate classified company raised $2.2 million for its system offering property owners an easier way to create short-term, rental sub-leases. A Flip sub-lease averages three to six months, compared to the super-short stays of Airbnb, or minimum-year contracts of traditional rentals. Flip handles the...

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Redfin hopes to raise $100 million US with IPO

Redfin hopes to raise $100 million US with IPO

Seattle-based online brokerage Redfin filed for an initial public offering (IPO). The filing suggests that Redfin hopes to raise $100 million U.S.. The headline at CNBC proclaimed that Redfin was taking on Zillow, but that’s not really the case. Not only is Zillow’s revenue three times that of Redfin, the two have very different business models. Redfin officially calls itself a “next-generation real estate broker” that...

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LendingTree to offer Zestimate-like home valuation tool

LendingTree to offer Zestimate-like home valuation tool

Watch out Zillow. LendingTree, which facilitates loans of many types — including car, personal, student and business loans along with home mortgages — is rolling out its own spin on Zillow’s popular Zestimate home valuation tool. LendingTree’s goals are different than Zillow’s: LendingTree wants to prompt home-owners to refinance their mortgages, rather than buy or sell their homes. As a result, the LendingTree tool will...

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