Zillow to start buying Homes

[Tim B.]

So the bellow post is an article about Zillow buying up to 1,000 homes by this years end in Las Vegas and Phoenix.

Shouldn't they be working on making their numbers somewhat accurate instead of being a value indicator and a competitor?

I can see where this gives them a competitive edge.

https://www.foxbusiness.com/markets/zillow-to-buy-and-flip-homes-in-las-vegas-and-phoenix

[Bill B.]

I assume anyone that gets an offer from them will look at what a realtor says they can get them and what the website says. If the realtor promises more most will go that way. If Zillow’s website is wrong and offer too much seller will go that way. So either their website is right or sellers win. I’m good either way. 

What’s the alternative? A “law” that says Zillow can’t buy houses?  Offer-as and Opendoor have been doing it for more than a year here in Vegas as well as Phoenix. I assume they’ll offer the same services s other wholesalers. A quick close in current condition. That’s worth a bunch to some sellers. 

Ps. There are onto 3300 houses for sale in Vegas without an offer accepted on them. How many can they buy? I hope they buy a 1,000 that should be a sweet impact on pricing. It’s their money, or ther investors money, let them decide how to use it.