Memo – Real Estate Agents and Flippers! Zillow Is Coming For Your Income

To listen to the podcast version of memo click here —> Podcast Version

First, a message to anyone looking to sell or buy a home.

ALWAYS engage a quality Realtor. You cannot have the best outcome without doing so. As I always say, you could also do your own root canal, but the odds of you having optimal results are nil. 

There is so much talk today about Big Tech Companies encroaching on free speech, pushing smaller competitors out of markets and demonitizing them.

What Zillow is doing is a perfect example of this. In this case, the real estate agents and home flippers are being marginalized, demonitized and dehumanized.

Agents and Flippers, Zillow is now your direct competition and is openly looking to bankrupt you!

The Zillow Instant Offers Program is being expanded around the country and it will be coming to a neighborhood near you.

Basics:

1. Zillow buys properties directly from homeowners
2. Zillow’s flips them asap
3. This eliminates all real estate commissions
4. Local attorneys are eliminated for closings
5. Closing process is streamlined and cheap
6. Local flippers never see the opportunities so have no chance to bid.

The real estate inventory is already extremely tight and competitive.

Do you and your broker have a strategy to combat this big tech menace?

I believe it is crucial to your survival to develop one if you have none.

I know many real estate agents consider Zillow a trusted and important partner.

Remember, they are in business to make a profit without care for anyone.

A few Big Real Estate Tech firms want to eliminate the human element of real estate sales.

I believe we need a national effort to protect the Realtor. Eliminating them from the process would be a disaster and would leave most consumers at the mercy of Artificial Intelligence whose only purpose is to generate more profit, humans be damned.