Zillow selling homes below cost.

Discussion in 'Other News' started by Chinatown, Nov 1, 2021.

  1. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  2. Chinatown

    Chinatown Road Train Member

    61,712
    124,685
    Aug 28, 2011
    Henderson, NV & Orient
    0
    Last edited: Nov 1, 2021
    Rideandrepair Thanks this.
  3. Chinatown

    Chinatown Road Train Member

    61,712
    124,685
    Aug 28, 2011
    Henderson, NV & Orient
    0
    [​IMG]
    $547,500
    4 bed rooms
    4 bath
    2583 sqft
    Viera, Florida
     
    Rideandrepair Thanks this.
  4. REO6205

    REO6205 Trucker Forum STAFF Staff Member

    11,056
    48,070
    Feb 15, 2014
    California.
    0
    Zillow is kind of shady. They advertise that they'll buy your home from you. What they don't mention, at least not at first, is that they won't pay you very much for it. They'll get you out from under your mortgage but that's about all. You still pay them the realtor fee.
    They pretty up the house a little and sell it quick...and get another realtor fee. Anybody see a pattern here?
     
  5. Chinatown

    Chinatown Road Train Member

    61,712
    124,685
    Aug 28, 2011
    Henderson, NV & Orient
    0
    That didn't happen to me though.
    Bought my house off Zillow and it worked out well.
     
    Rideandrepair Thanks this.
  6. Capacity

    Capacity Road Train Member

    1,469
    3,051
    Jul 28, 2019
    Neenah Wi
    0
    Why does Vegas always make the shady Real Estate deal , you think they would have learned over the last dozen BKs.
     
    Rideandrepair Thanks this.
  7. buddyd157

    buddyd157 Road Train Member

    12,661
    31,544
    May 25, 2017
    under a shade tree
    0
    i got that certain feeling that many new home buyers, spending hundreds of thousands of dollars, (close to a million at times) during this panic buying craze, will be underwater in short time.

    many homes in my area alone, went well above the $800,000 point. glad i did not sell mine, cuz then i''d have to pay that much (or more), and be underwater in a very few short years from now.

    sucks to be them.
     
    Rideandrepair, nredfor88 and Catmando Thank this.
  8. Midwest Trucker

    Midwest Trucker Road Train Member

    5,644
    19,887
    Aug 31, 2018
    0
    I wondered why they paused buying a month or so ago. They blamed it on lack on contractors at the time.
     
    Rideandrepair and buddyd157 Thank this.
  9. Chinatown

    Chinatown Road Train Member

    61,712
    124,685
    Aug 28, 2011
    Henderson, NV & Orient
    0
  10. sevenmph

    sevenmph Road Train Member

    2,883
    12,117
    Jan 26, 2007
    Pinellas county Florida
    0
    And it’s a simple thing like this that can trigger a crash. I’m not saying that’s going to happen. Just sayin
     
    Rideandrepair Thanks this.
Draft saved Draft deleted