If you are a realtor, appraiser or lender in a market that has Zillow Offers, what are you doing in relation to comps and Zillow Offer sales?
There are testimonies of owners receiving 5-20% over market value on homes. I have not verified this, but, it appears that since Zillow is owner of their own services like title/closing, lending, appraisal and brokering, they are leveraging their bottom line to be capable of offering over and beyond market value.
Are these true comps or are these sales causing artificially-inflated unusable sales because Zillow is capable of extending their bottom line savings (on a national scale) to the customer? Needless to mention, no other buyer has been able to perform like this in American history nor will they be able to…Banks will never support it.
These buying margins will be unmatched.
So from an appraisal standpoint, how are these sales used in relation to comparable sales in markets where Zillow Offers exist?