Zillow officially launches RealEstate.com for first time buyer
A new real estate search site, RealEstate.com, was launched by Zillow on Thursday. The site is designed to help millennials as well as first time home buyers find their dream home. This comes after Zillow obtained the rights to the domain name after purchasing Trulia in 2015. An important feature of the site is that if offers what Zillow calls an "All-In Monthly Price" for each of the listings. This includes information that is generally missing from standard listings such as closing costs, Homeowners Association fees, property taxes, closing costs, and average utilities costs in addition to the standard principal and interest. This will be especially useful to first time buyers in understanding the true cost of owning the home. Real estate agents who have been using This site gathers its information from a variety of sources, including brokerages, franchisors, and listing services. What is truly unique about the site is that it allows shoppers to sort though prospective homes that are within their budget by allowing the shopper to set the parameters of their desired down payment and monthly payment. Real estate agents who have been using Trulia and Zillow will continue to receive the same services through the new site, while first time buyers are afforded the opportunity to make sure that they do not go over budget on their new home.
Key Takeaways:
- Zillow launched a new web-site that aims to make the home search easier on millennials and first time home buyers
- Surveys show that especially first time home buyers find affordability and staying within their budget as the most important part of buying a new home.
- The site offers users an "all-in monthly cost" options which shows realistic expectations of all costs that go into owning the home/property. Such as insurance and realestate fees.
"What sets the new site apart, according to Zillow, is that RealEstate.com gives buyers a new way to search for a home"