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Make me move

Link link by tomtolman on 29 November 2007, tagged as zillow, real, estate, house, and market

I just found out about Zillow's make me move feature [in which homeowners who aren't actively selling their houses post a price they would accept] via this Wired article. Zillow's CEO says, "Whether or not a home is for sale is not binary. It has been fo

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Home sale is not binary by tomtolman :: NR5

Here's the rest of the quote which got cut off:

"The more confident all market participants are in the veracity of the data, the more likely they are to trade. I'm fascinated by the ramifications of our Make Me Move concept [in which homeowners who aren't actively selling their houses post a price they would accept]. Whether or not a home is for sale is not binary. It has been forced to be binary by the structure of the marketplace, but everything is for sale to a certain degree. And many homes have uncollected and unsystematized interest from potential buyers. I think, as we put that information together, you'll see transactions that would otherwise not have happened."

And a link to the Make Me Move page on Zillow.

Posted 29 November 2007, Hide, Reply
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Alternative by Brandon :: NR9

I think this is a good idea, but there is an existing and similar alternative: List your house with a Realtor and refuse to budge from a "make me move" price.

Posted 29 November 2007, Hide, Reply