Is it just me or are realtors pissed because they're cut out of the action?
If someone is willing to sell their home at a given price, what's the problem?
If someone is willing to sell their home at a given price, what's the problem?
"Realtors will lose millions in commission" is point #2. As if anyone other than Realtors would see that as a bad thing
I can understand if it causes homeowners to set unrealistic expectations regarding the value of their property, because, lets face it, there are a lot of "unsophisticated" home owners / buyers out there. Some of these homeowners / buyers make life decisions based upon bad information. Yes, they should know better, but many don't.
A home buyer / owner is looking for trusted authority for their property value. The only legitimate authority to make that determination is an appraiser. Zillow puts themselves forward as a trusted authority, which they definitely are not. The unsophisticated buyer / owner sees them as a way to avoid paying for an independent appraisal. But mistake.
It's a transactional relationship that exists only as long as it benefits both parties, and there's no moral aspect to it.