SEATTLE, Dec. 15, 2015 /PRNewswire/ -- Today, leading
real estate and home-related marketplace Zillow® (NASDAQ: Z, ZG)
launched Price This Home, a new tool that enables home sellers to
create a custom, private value estimate for their home based on
comparable home sales and listings, personal knowledge of their
home and surrounding neighborhoods, and local market
conditions.
Selling a home is a stressful process, with many sellers
primarily focused on selling their home for the maximum possible
price. Along with the help of a real estate agent, Price This Home
helps sellers understand what their home is worth in the current
market by allowing them to quickly and easily compare their own
home with homes currently on the market, as well as those that have
recently sold.
"Deciding to sell a home can be stressful, and many homeowners
spend a lot of time researching home values and market conditions
before contacting their agent," said Jeremy
Wacksman, Zillow chief marketing officer. "Price This Home
is an excellent tool in those early days. It shows sellers how
their home stacks up against other homes on the market, and allows
them to provide extra information to create a more customized value
estimate."
Price This Home uses the home's Zestimate® home valuation, the
estimated market value, as a base, and allows the homeowner to
select information that will give them a more customized value
estimate. To create a Price This Home value estimate, homeowners
take several steps.
- Verify their home facts are correct by claiming their home on
Zillow and updating facts like numbers of bedrooms or square
footage.
- Select from a list provided by Zillow, of for-sale and recently
sold homes that are similar to their own home, based on location,
square footage, number of bedrooms and bathrooms, curb appeal and
interior condition, and eliminate those that are not.
Since no two homes are exactly the same, Price This Home clearly
shows sellers the differences between their home and the comps they
have chosen, and how those differences impact the value estimate.
Once comparable homes have been chosen, Zillow provides a private
estimate to the homeowner, and helps connect the homeowner with a
real estate agent to help list their home.
Many buyers and sellers use the Zestimate, Zillow's computer
generated algorithm, as a starting point for determining a home's
value. Zestimates are displayed on over 100 million homes
nationwide. This new tool is designed specifically for homeowners
who are preparing to sell to privately show them what their home is
worth based on comparable for-sale, and recently sold homes.
Zillow
Zillow® is the leading real estate and rental marketplace
dedicated to empowering consumers with data, inspiration and
knowledge around the place they call home, and connecting them with
the best local professionals who can help. Zillow serves the full
lifecycle of owning and living in a home: buying, selling, renting,
financing, remodeling and more. In addition to Zillow.com®, Zillow
operates the most popular suite of mobile real estate apps, with
more than two dozen apps across all major platforms. Launched in
2006, Zillow is owned and operated by Zillow Group (NASDAQ:Z and
ZG) and headquartered in Seattle.
Zillow, Zillow.com and Zestimate are registered trademarks of
Zillow, Inc.
(ZFIN)
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/zillow-launches-price-this-home-new-feature-lets-home-sellers-create-a-custom-home-value-estimate-300192774.html
SOURCE Zillow