Zillow's Big Flop: What Does That Mean For You?

In a big twist of events, Zillow, has announced that it will be terminating its home flipping business after failure to accurately predict housing prices.  This led to more than $550 million in losses on homes purchased in the second half of 2021. As a result of this big loss, a quarter of their staff is being laid off. 

So what is next for the former real estate empire?  Zillow plans to sell 7,000 properties for a total of $2.8 billion, meaning there is a possibility that tons of inventory will be hitting the market in the months to come, and the influx will be felt well into next year. 

If you’ve been thinking about selling, NOW is the time to strongly consider that move - prices are skyrocketing, demand for homes is high, and mortgage rates are historically low! 

Why are we saying NOW? We want you to get ahead of the excess inventory that could tank all of these “perfect storm” factors. Sellers—you are sitting on a gold mine that won’t last forever!

You can’t predict the future, and you can’t expect that things will remain in YOUR favor.  As a real estate team that has been through the worst housing market crash in history, our team is well prepared and knowledgeable to help our clients through all of the unpredictable changes that come with the market.

We always want our sellers to hit their goals when selling their home and take advantage of the market before it’s too late! If you are thinking about selling your home, give us a call TODAY at 417-812-5055 to find out what your home could sell for or click HERE to get your home value instantly!