Zillow (https://www.zillow.com/) is an American online real estate marketplace company that was founded in 2006 and was created by Rich Barton and Lloyd Frink.
Zillow has data on approximately 110 million homes across the United States. The company offers several features including value estimates of homes, value changes of each home in a given time frame, aerial views of homes, and prices of comparable homes in the area. It also provides basic information on a given home, such as square footage and the number of bedrooms and bathrooms. Users can also get estimates of homes that have undergone significant changes, such as a remodeled kitchen.
Zillow, with around 36 million unique monthly visitors, is the most popular real estate website on the internet and has the most listings. The site can be used for all activities real estate-related – buying, selling, renting, financing, and even remodeling.
When you’re house-hunting, Zillow gives you an immersive photo experience to help you get a full picture of the property.
When deciding on home prices, Zillow has its own process. The ‘Zestimate’ home valuation model uses data provided by their own users and other sources to appraise the value of homes using factors like home facts, location, and market conditions. This is used for rental properties as well as houses for sale.
Zillow provides a tool for prospective renters to submit a credit check and eviction history report to landlords.
Zillow has a service, called Zillow Mortgage Marketplace, that allows borrowers to get custom loan quotes without revealing personally identifying information.
Zillow produces home value reports for the nation and over 130 metropolitan statistical areas. The reports identify market trends including, but not limited to: five and 10-year annualized change, negative equity, short sales and foreclosure transactions.
Zillow determines an estimate, also known as a “Zestimate,” for a home based on a range of publicly available information, including sales of comparable houses in a neighborhood.
Zillow provides Rent Zestimates which provide estimated rent prices for 90 million homes.
Zillow also has more than two dozen apps across various platforms, making it the operator of the most popular suite of real estate apps.