What is next? What is next? Who is next really. First House Values.com and Electronic Appraisal. Next who knows? Let me guess - ForSaleByOwner.com. Larry Cragun, just a guess.
Broker in L A CA
HousesValues.com is a "lead-trapper". Users fill out a form with their information and the lead is sold to a subscribing real estate broker. Some brokers pay big $$ for leads coming thru this kind of service.
ElectronicAppraiser.com will sell you a property report for $29, or you can fill in the form for a broker to contact you. So Electronic Appraiser evidently make their income from both selling leads to brokers, and selling property reports.
It would seem Zillow is relying solely on advertising (note their new financing tab) to create an income stream.
If you were to ask a neighbor what the value of a house on the block is worth, my guess it would be more accurate than Zillow. So I say the next house value website will be "AskANeighbor.com"
To broker in L A Ca: You are correct. However, my point was that both took a big hit the night Zillow went live. Whatever is next for Zillow will have the same result for some poor company. Larry Cragun
Broker in L A CA
Larry, Gotcha. Zillow has shown folks that they can obtain the information instantly, anonymously, and for free. Anyone outside of that business model will take a hit.