It’s Like Google For Real Estate: Zillow.com!
Right now, the United States economy is at an intriguing place that it has never been at before. As the country continues to emerge from its recession, the housing market remains understandably depressed (understandable because financial issues in the housing market precipitated much of the current economic malaise). While a shaky economy and even more problematic housing market are nothing new, this is the first time since the Internet became a household tool that these conditions have existed. This means unprecedented opportunities for fast access to information about real estate. Rather than searching the totality of the Internet or allying yourself with one realtor, you might want to check out Zillow.
Zillow.com is essentially a search engine for properties that are on the market . . . or in distress enough to appear on the market soon. With powerful searching capabilities and a number of display options for the results you find, Zillow is the Google of the real estate market. If you are ready to look for properties or want to explore your options for a mortgage, Zillow can be an incredible tool.
Like most familiar search engines, Zillow has a simple bar into which you may enter your search terms. The default setting for Zillow is “Homes,” which requires you to enter an address, neighborhood, city and state or ZIP Code for the search engine to collate data for. While the “Homes” search usually includes rental properties, there is a separate tab for only “Rentals.” Another useful tab is “Mortgage Rates,” which is conveniently tied in to the location you search for “Homes” (i.e. if you are searching for property in New York State, the Mortgage Rates searches are detailed for New York; when you change your state for your home search, it changes for the mortgage lookup information as well). Other tabs on Zillow include Advice, Local Information (specific non-real estate-related information based upon the area in which you are searching), and a Blog on the real estate market.
When searching for homes on Zillow, the results come up in an intriguing and easy-to-interpret way. Zillow displays your home search results as a map of the area in which you are searching. Each property that is available appears as a tiny red house and when you click upon it, basic information about the property – cost, acreage, number of bedrooms and a small photograph – appear. If you like what you see, you may click upon a “more info” prompt to get a much more detailed listing for the location. Zillow collates all of the information found online for any property.
One of the especially handy aspects of Zillow is that its database includes pre- and post-foreclosure homes that are bank-owned and may not be represented (or easily found) by real estate agents in the area. Using Zillow may help you find some incredible real estate deals as a result.
The Internet is a vast collection of websites; Zillow can make organizing the real estate sites user friendly for you!
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