Category Archives: Zillow

Selling A House On Amazon!

Check out this Home Listing On Amazon!

Call it marketing technique or desperation. The description of the listing goes

Product Description
SHORT SALE!! Owe bank $292,994.. Hardship, pre-foreclosure. Resort Living with Pools, Spa, and Tennis located in Mountain View Gated Community”. The best house available. Buyer to pay closing cost. Patio Cover in back yard. Large Corner Lot. Panoramic View of Mountains. Newer home. Comparables from $380 – $412 K. Next to Golf Course. North of Mission Lakes Blvd. 9 Miles to Palm Springs. Upgraded galore Beds: 3 Baths: 2 Sq. Ft.: 1,500 $/Sq. Ft.: $195 Lot Size: 7,900 sq. ft. Property Type: Single Family Residential Detached Year Built: 2006 Stories: One Level View: Mountain Area: Desert Hot Springs Subdivision: Mountain View Country Estates County: Riverside MLS#: 41294751 Additional Rooms * Master Suite * Living Room * Breakfast Counter/Bar * Breakfast Nook Flooring Information * Ceramic Tile * Wall-to-Wall Carpet Water & Sewer Information * District Water Source * Front Sprinklers Only * Auto Timer for Sprinklers * Sewer Connected & Paid Pool & Spa Information * Has Pool * Community Pool * Has Spa * Community Spa Interior Features * Window Blinds Property Information * Has Yard * CC&R’s * Gated Community * Land: Fee School Information * School District: Palm Springs Unified Fireplace Information * Has Fireplace * In Living Room Appliances Included * Dishwasher * Garbage Disposal * Microwave * Built-In Gas Building Information * Direct Garage Access * Main Floor Master Bedroom * Concrete Tile Roof * Square Footage Source: Seller Patio Information * Has Patio * Concrete Slab Patio Lot Information * APN: 661470021 * Lot #: 310

It can’t be a joke since Amazon actually assigned an ASIN (Amazon Store Item Number?) for this house and it’s B00106CN44.

I can already imagine mashups between Amazon.com and Zillow.com with all the MLS listings!

Now how do you like creating a Wishlist for houses, My Favorites for Houses, a Listmania, A deals widget for Houses, an Omakase (contextual) links and may be even recommendations based on your past purchase history (of houses or other things on Amazon)! Or may be even a donations widget asking people to fund your favorite home.

Right now it seems to be a 3rd party seller’s listing. Now, imagine if Amazon were to enter into a real estate brokering business. Using it’s dynamic price optimization, you would see one price and someone else a different price, give or take a few thousands of dollars!

And all of a sudden you get New Homes, Used Homes and Like-New homes. If a roof is newly done or a kitchen is remodeled, then it could even go as a “Refurbished Home”! Of course, there is no packaging with UPC code that has to be sent to get a manufacturer’s rebate. Practically, everything that Amazon does with it’s products, I am imagining how it goes with a house listing!

Here is the best thing, some kid puts a home in the shopping cart and a day later the rich dad with no credit limit tries to buy a book using One-Click and guess what, “Honey, the monthly credit-bill this month came to a million plus, what did you buy?” Just kidding!

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Filed under Amazon.com, Home Selling, Realestate, Zillow

In the last 30 days, this house increased by $58K!

What? How? Why?

Well, I found on Zillow.com

* Zestimate: $843,569
* 30-day change: $58,598
* Value Range: $767,648 – $970,104
* Last updated: 09/11/2007

And then, looking at the neighborhood,

Past:        This
              home 	 94555  Fremont  Alameda  CA     US
30 days      7.5% 	-0.7% 	-0.1% 	-0.4% 	-1.5% 	0.4%
1 year 	      6.4% 	-0.4% 	-1.3% 	-1.5% 	-6.0% 	-5.6%

So, when the entire neighborhood is decreasing, why on earth did this house shoot up so much? No clue! I worked on enterprise business intelligence systems in the past and I know unless you can drill-down to the details, no one will trust the numbers.

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Take Zillow with a pinch of salt (may be more than a pinch)

A house in San Mateo listed in ZipRealty for $629k. The same house in Zillow has been estimated (rather zestimated) to be $772k. That gave the house the following stats

30day +1.7%
1yr +9.6%
5yr +92.4% and
10yr 141.0%

and since last sold? +12.9% (sale date 08/11/2005). Unless Zillow starts tweaking it’s zestimate algorithm to the changing real-estate reality landscape, the numbers will only fool you. Also, for buyers doing online research, try out multiple sources including ZipRealty, Zillow and Redfin. Depending on where you live in the US, some other website catering to your local market.

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Filed under real estate, Zillow