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Real Estate Training & Coaching School

Zillow's Failure a Victory for Real Estate? [Real Estate Coaching]

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, Careers

4.7669 Ratings

🗓️ 3 November 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

Zillow's Failure a Victory For Real Estate? | Leading Real Estate Coaches, Tim and Julie Harris bring you the facts (and opinions) about the demise of Zillow's iBuyer program. It's not just 'on pause', it's OVER. Schedule A Free Coaching Call Listen on iTunes Listen on Spotify Listen on Stitcher

Transcript

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0:00.0

Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.

0:10.2

This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.

0:18.2

What's really working in today's market, how to generate more leads,

0:21.8

make more money, and have more time for what you love in your life. And now your host, Tim and

0:28.3

Julie Harris. Welcome back. It is November the 3rd. This is Real Estate Coaching Radio.

0:35.1

And we have an unusual show for today. And this show is about,

0:39.0

frankly, Zillow's epic failure in the home buying space. And what we're going to be doing is we're

0:43.9

going to be sharing with all of you essentially all the stuff that you need to know. Not a lot of

0:48.4

conjecture that we are going to start up by reading an Inman article. And then we're going to jump into

0:52.0

why it failed, why their IByer model failed, what it means

0:55.6

the industry and what probably is going to happen next for Zillow.

0:59.2

These things are especially relevant to those of you in markets like Phoenix, where Zillow had

1:03.8

actually become a real credible, you know, essentially competitor when you were going on listing

1:08.2

appointments.

1:09.2

Well, good news for all of you in those markets, that is no longer going to be the case. And you're going to see some sanity return to essentially

1:16.1

investors of what investors are willing to pay for houses in those particular markets. So this is

1:21.0

great news for most of you from Aboots on the ground tactical perspective. And from an industry

1:25.6

perspective also, I think you're also going to see the

1:28.4

fact that a lot of these tech companies, because the bruising that Zillow is going to take as a

1:32.3

result of this epic, colossal, historic failure, it's going to make it so that any other companies

1:38.2

that decide to get into their real estate space and to disintermediate, which means remove the

1:42.9

middleman, and by the way, you are the middleman

...

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