When Zillow came on the real estate scene in 2005, the industry was still very anachronistic, and consumers hadn't yet been empowered by the internet the way they had in other industries, like travel. Created by the same guys who founded Expedia, Zillow was the first real estate solution for consumers--one, user-friendly place to find information. But 10 years later, things have changed. Now, there are local real estate search engines, like COListings.
Here are three reasons you should step into the future of real estate and use COListings, a Colorado real estate search engine.
We have EVERY Colorado real estate listing.
Currently, Zillow is not receiving any Colorado real estate listings. That's because the REcolorado Syndication Program launched last week, giving brokers and agents the ability to choose where each of their listings is syndicated. At launch, Zillow and Trulia were not included as options, because REColorado had not reached an agreement that was in the best interest of its members.
Even if an agreement is eventually reached, Zillow and Trulia still will not have every listing, because every office and agent will have ability to choose where they want to publish listings. And, real estate agents aren't crazy about these sites, because they tend to publish outdated information and create confusion among consumers.
We have timely, accurate information.
If you are buying or selling a home in Colorado, you know this is a red hot sellers' market. The inventory of homes is very low and the time on market extremely short. We update our listings from three, local MLSs every 15 minutes, ensuring our users the most up-to-date and accurate information. Zillow, on the other hand, updates every three to four days. In Metro Denver, homes are often sold in less time than that.
It's also important to note that Zillow's data, like the Zestimates the company is known for, are based on home prices in Seattle, Washington, where Zillow is based. Even Zillow CEO Spencer Rascoff has admitted Zestimates have a median error rate of about eight percent. And, localized median error rates on Zestimates sometimes far exceed the national median, which raises the odds that sellers and buyers will have conflicts.
COListings is run by liscensed real estate brokers.
That's important, because it means, once you find a listing of interest, we can answer your questions and support you through the buying process. If you are selling your Colorado home, we can coach your through it and provide specific guidance for selling your home in a strong sellers' market, where you have the upper hand.