Zillow Offers...Overextended?!?! 😏😏😏 (Mindset)
We are always so thankful that our devoted listeners and #DealHunters tune in every week to hear the latest in real estate news from the #ForeclosureDealsCoachPodcast team, so pat yourselves on the back for being so cool. A brief sabbatical won't stop the momentum, and today we're talking about one of our...favorite companies, Zillow, and more specifically, their Zillow Offers branch. If you've been paying attention, you've probably noticed Zillow buying up properties in the market over the last few quarters. However, they recently announced they would be stalling acquisitions until 2022. As investors, we should be happy, right? Removing a big player like Zillow gives us access to more deals, but paying attention the whales in the industry can help you forecast where the market's heading. Whatever caused Zillow Offers to stall will have an affect on the mom & pop investors if you will, but if you're tuned into the market, you should be able to capitalize on this shift. Listen up as we try not curse Zillow for a whole episode, and see what you should be expecting as you look to lock up your next deal in the fourth quarter.
Mentioned in today's episode
Propstream
Launch Control
Foreclosure.com
RentReporters
Here's a link to the article Donny discussed in today's episode:
Here's Why Zillow Won't Be Buying Any More Homes To Renovate Or Resell This Year
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