Zillow Founder Rich Barton Explains Why Residential Real Estate Is Booming


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    Zillow Founder Rich Barton Explains Why Residential Real Estate Is Booming During a Recession; It’s all because of something he calls “The Great Reshuffling.”

    https://www.inc.com/minda-zetlin/zillow-rich-barton-home-prices-great-reshuffling-sellers-market.html

    –Dee

    I did a search on Zillow for a particular address in Texas the other day. I saw that Zillow has an ad that says:

    Get a Zillow Offer

    No staging, no showings, no repairs.

    Move when you’re ready.
    CASH OFFER
    $

    What do you think??

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    What that ad does NOT say is whether Zillow would have a competent home inspection done to determine condition and a list of needed repairs. If such an inspection is part of the plan, then the question is whether the Zillow offer has a long enough fuse on it to give the homeowner sufficient time to shop that offer with other such competing “we buy houses, as is” people. [Dan Franklin in Dallas is still running late night radio ads saying he will beat any other offers you have on your as-is house, for example.]

    If that Zillow fuse is too short, it’s a big warning that they’re afraid of competing offers.

    If no home inspection is part of Zillow’s plan, then you have to assume they’ve built in a deep cushion in their offer that will maximize the damage to the homeowner’s hide.

    –Dee

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