#One Team

[mrsafc86]

Big day for the Arsenal

Cunti cup for the girls

The boys against City for the title race

LFG Gunners 💪🏻💪🏻❤️🤍

[pernillecfcw]

This is so cute 🥹

[sunbentshadows]

So, about that outage, huh

[dweebspace]

"You can't be a lurker on tumblr." Yes, you absolutely can. I've been quietly reblogging things since 2014 and I haven't interacted with anyone in years.

[oneteamrealestateagents]

Zillow Listing Fee Explained: Is The Cost Worth It?

When it comes to selling or renting property online, Zillow is one of the first names that come to mind. With millions of users browsing through Zillow's listings monthly, it's a great place to get your property noticed.  

But here’s the catch: the pricing structure is pretty confusing, especially for beginners. Read on to understand all you need to know about Zillow’s listing fees and a detailed analysis of all its competitors.

What is Zillow?

Zillow is an online real estate marketplace that connects buyers and sellers renters with property listings across the United States. Founded in 2006, it offers users options to browse various listings and view detailed market insights to make an informed decision.

Check out the main features that make Zillow a popular choice for users:

Zestimate: Zillow has an Automated Valuation Model (AVM) that estimates the current value of any home based on public data from county records, tax assessments, previous sales, etc. It works based on an algorithm that is continuously refined with each transaction, making it increasingly accurate over time.

3D Home Tours: Sellers can upload panoramic photos of the property. Zillow stitches the pictures together to give the potential homebuyer the walk-through experience from his or her computer screen. That's a huge advantage for a potential buyer who wants to get a feel for the property before calling by on physical visits.

Rental Manager: Landlords can manage everything right from screening tenants to collecting rents, in a single platform. That means they no longer need to waste time by switching between multiple tools.

MyAgent: Once a user selects an agent, they’ll see only that agent’s information when browsing Zillow listings. It’s a huge plus for buyers who want continuity in their search.

Cost of Listing on Zillow

Zillow doesn't offer a one-size-fits-all pricing solution for everyone. It really depends on how you use it. So, let's take a closer look at the pricing model for various types of users.

Homeowners

Luckily, homeowners can add their home listings with no fee attached. However, this is applicable only if they are not hiring a real estate agent. Owners can add up to nine photos and one video to attract buyers.

The reach of free listings is very limited, considering the large number of sellers on the platform. So, homeowners can opt to improve their listing visibility through paid add-ons. The cost varies by location but usually falls between $10 per day for listing at a premium level.

A commission would also be paid if they decide to use the services of a Zillow Premier Agent. Again, the exact rate is dependent upon their agreement with the agent.

Realtors

Realtors charge a monthly fee of about $200 in relatively less competitive markets but explode upwards in high-demand areas.

In addition to the monthly fee, the agents are also required to pay per lead generated through the website. This usually ranges from $20 to $100 per lead.

Some agents opt for a commission-based payment structure instead of fixed monthly fees. Check out the commission details of various markets here. 

Rental Properties

The first rental property listed is free for the first 30 days. Afterward, landlords must pay a flat fee to keep the listing active.

For extended listings, the charges range between $5- $50 per week. Owners can either pay weekly or opt for a 90-day flat fee.

Comparative Analysis of Zillow's Main Competitors

Let’s have a quick look at how Zillow compares to some of its main competitors:

CompetitorMain FeatureListing FeeTarget AudienceOpendoorInstant cash offers on homes for quick salesA service fee of 5% for each saleHomeowners seeking quick salesRedfinFull-service brokerage with lower commission ratesAs low as 1%Tech-savvy buyers and sellersForSaleByOwner.comSell on your own without agent commissionsFree listing, but you can opt for a premium package that costs a one-time fee of $495. It comes with closing assistance from a licensed real estate advisor.DIY sellers looking to save costsOfferpadSimilar instant cash offer model as OpendoorNo upfront fees. A 5% service fee and an estimated 1% closing fee.Homeowners wanting convenience

Advertising Options on Zillow

Even though Zillow has many potential buyers, you can’t just sit back and wait for reach to kick in. Most probably, you need to try out a combination of ad strategies to gain exposure. Check out some of the significant advertising options available for various users: 

Premier Agent

If you are a real estate agent struggling with low property listing views, you can join the Premier Agent program. It promotes your listings on top of the feeds to gain more visibility. The pricing varies greatly depending on the area, ranging from hundreds to a few thousand dollars.

Featured Listings

Like agents, sellers can also boost the listing to the feeds for extra exposure. It is really helpful in highly-competitive markets. Rates are charged on a cost-per-click basis. You can expect between $50 and $200 per listing.

Promoted Communities

For a more targeted approach, you can promote the listing to specific neighborhoods through dedicated landing pages. Here also, rates depend on the communities that you aim to target and the campaign duration.

Video or banner Ads

You can run either banners or short video clips as ads to showcase your property to potential buyers. Campaign pricing depends on several factors like exposure, duration, location, etc.

Is Zillow’s Fee Worth It?

In a nutshell: Yes, for many people, Zillow’s fee is worth it—but it depends on your goals.

First of all, Zillow does have millions of visitors every month. That means your listing is likely to reach more people than on other platforms. Investing in this platform gives you access to a set of advanced features like Rental Manager that make your selling way easier. The ease of managing everything in one place can make the fee worthwhile.

When it comes to agents, Zillow’s Premier Agent program is a goldmine. It lets them connect directly with buyers interested in similar listings. Such a targeted approach could lead to better conversion and ROI.

That said, Zillow’s fee may not be required for everyone. If you are simply listing a property for exposure rather than immediate interest, you might not see the same level of return. For them, the free listing option itself is enough.

5 Proven Listing Strategies For Success

Pumping in dollars to Zillow won’t guarantee success. Check out some tips to optimize your property listing to make the most out of promoting it:

Use High-Quality Images: Invest time in taking clear and well-lit photos of your property. This way, you are not just exhibiting professionalism but can even use them to attract more customers by showcasing the positive notes.

Compelling Descriptions: Write engaging descriptions highlighting the property's best features and nearby amenities. Try to fine-tune location-relevant keywords that buyers are likely to type in.

Price it Right: Remember, overpricing can scare buyers away. So, conduct proper research to set data-backed, competitive pricing. 

Utilize Zillow Features: Zillow has many attractive features, like 3D Home tours and featured listings, to help sellers. You can use them effectively to close the listings more easily.

Update the Listing: If you make any upgrades to the property, update the listing as soon as possible. A fresh listing keeps buyers engaged.

Frequently Asked Questions (FAQs)

1) Can I list my property on Zillow for free?

Yes. Homeowners can list their property for sale by owner (FSBO) at no charge. But if you want more exposure to the market, you would probably have to pay either for ads or premium features.

2) How do I track the performance of my listing on Zillow?

Zillow does have an in-built analytics dashboard that lets you track all your listing engagements in real time. You can assess the metrics over there to analyze the effectiveness of the listing.

3) What is the ‘Make Me Move’ feature on Zillow?

The 'Make Me Move' feature allows homeowners to list their property at a price they would accept to sell it. You can take this option if you want to attract buyers within a specified price range. Otherwise, Zillow's system might calculate your listing's Zestimate based on the available information.

4) Can I remove my listing from Zillow?

Closing a listing is fairly easy and does not involve much hassle. Go to the ‘listings’ section of your account and click on the option to ‘deactivate’ your listing. 

5) What are the benefits of Zillow’s Premier Agent program?

Agents enrolled in the Premier Agent program can get access to exclusive leads on the platform. The best part is that they can even target the leads based on specific locations or demographics to make the process of conversion even more effortless. Agents can even place their services next to the listing to attract more inbound clients.

Conclusion

As you consider your next steps in real estate—be it selling or renting—Zillow remains an invaluable resource that connects you with millions of potential buyers every month. Yet, jumping onto the platform out of the blue does not seem like a good idea. Consulting a real estate expert can make your side safe and get the most out of the deal.

At One Team, we have a team of experienced agents to guide you through every step of the process, right from listing to closing. Get in touch with us today to get started!  Content Source: https://homesbyoneteam.com/blog/2024/11/7/zillow-listing-fee-explained-is-the-cost-worth-it

[artrsw]

Built for the court. 🏀 Every dribble, every hustle, every shot—made to own the game. Strength, speed, and skill come together here. Click this link : https://tinyurl.com/45pp4anv

[starspilli]

batkids game night. they’re playing fortnite

(click for full quality <3 also available as a print!)

[kensatou]

"we know how to move our bodies, but i didn't know how to manage my heart, so you need help for this"

hi we need to talk more about judo gold medallist christa deguchi.

[quixoticprince]

So how's playing tf2 again going?

I basically picked up where I left off I suck lol

[spielzeugkaiser]

Since I was on the nostalgia train: Another old thing I coloured just for the funsies of it!

[150en]

Co op harvesting Creaking hearts was the coolest thing ever, it felt like a totally different game.

[mrsafc86]

The boys in the women’s warm up gear

Showing once again we are one Arsenal

[ophelieverse]

“Visenya why aren’t we burning the dornishmen?”

[aphel1on]

compilation of dunmeshi images saved to my computer under variations of "FOUND FAMILY REAL":

[teamdarkdaily]

day 309: if the world chooses to become our enemy, we will fight like we always have

[oneteamrealestateagents]

What is the Best Day of the Week to Reduce the Price of a House?

When it comes to selling your home, timing matters a lot. Yet, most sellers don’t realize that even the day you choose to reduce the property price does have a major stake in the deal. 

If you choose the right day, your property listing will gain significant traction in the market and attract more potential buyers. Let’s have a look at how you can make the most of your price reduction by picking the right day.

Best Days for Price Reduction

Thursday

Thursdays are often considered the best day to reduce the price of a house. By reducing the price on Thursday, you give potential buyers time to consider the updated listing before the weekend. Check out some other reasons that support this claim:

Just Before Weekend Surge: Thursday price reductions allow realtors to update potential buyers in time for the weekend. Users are more likely to engage on property platforms on Friday nights when they are free from work.

High Realtor Activity: So, why not update the price on Friday? Well, in fact, realtors are always busy and tend to finalize the weekend schedules on Thursdays. A Thursday price reduction gets your listing in front of agents without any delays.

Increased Buyer Browsing: Buyers who are aiming for Saturday in-person home searches often browse through listings on Thursday. A fresh price reduction can make your home stand out to attract immediate interest.

Monday-Wednesday

Even though Thursday is popular, reducing your price earlier— Monday to Wednesday— can also be a strategic good move. Here are the main advantages you can expect:

Captures Weekday Buyers: Some buyers begin browsing listings for new home listings as early as Monday. Most of them could be serious, and the chances of conversion would be higher for them.

Extra Time For Marketing: Reducing the price at the beginning of a week gives you enough time to market the new price on online platforms, social media, newspapers, etc. 

Why Weekends Are Not A Good Choice for Price Reductions

Weekends are generally not the best time for reducing your home’s price. Here’s why:

Realtors are often busy with their schedules. Most probably, they may push their personal engagements to weekends. So, price reductions made during that time will be more difficult for them to catch up. 

Most buyers go through heavy browsing before wishlisting one listing. So, by the weekends, they may have already viewed all the top listings and may be overwhelmed by the options. A price reduction during this period might get lost in the shuffle.

If a price reduction goes live late on a Friday, there’s limited time for buyers and agents to plan visits. They may postpone the visit to next week. Over time, the planned visit may get drowned up in their busy schedules.

Still, weekend listings can catch the eyes of last-minute browsers who browse through the listings only on free Saturdays. However, that’s just a minority. 

Thursday vs. Monday-Wednesday Price Reductions: Pros and Cons

Thursday Price Reduction

Pros

Gets the attention of weekend users.

Realtors are more likely to notice the price update.

Catches buyers that plan weekend viewings.

Cons

May miss early week browsers.

It can be competitive as many sellers choose this day.

Monday-Wednesday Price Reduction

Pros

Captures early-week serious buyers.

More time to promote the reduced price.

Cons

May not attract as much attention as Thursday for weekend showings.

Lower midweek browsing activity overall.

5 Top Price Reduction Strategies To Increase Visibility

Simply reducing the price won’t make you gain more interested leads naturally. You need a well-planned price reduction strategy in place to get the most out of it. Here are some strategies that you can try:

Coordinate With Your Realtor

In case you have a real estate agent, connect with him before deciding on the price reduction. Realtors can provide valuable insights into local buyer trends. They might also have data that reveals specific days when properties tend to get more traffic in your area.

Avoid Major Holidays

Holidays like Christmas and Easter are a big red flag. Such events usually pull down browsing activity. Price reductions made during these days may go unnoticed as buyers are likely focused on other things. Aim for a quieter week to maximize attention.

Consider A Small Reduction First

Do not drop the price by a large amount, all of a sudden. Instead, start with a smaller reduction to test the market response. You can break down the reduced price into 4 or 5 parts and update it each week. This can sometimes generate interest from buyers who may be more willing to negotiate if they see a recent price change. Moreover, it keeps the listing active and appears at the top of the feed.

Utilize Digital Marketing

Never expect buyers to knock at your doorstep. You must promote your price reduction online through social media and email blasts. You can even send notifications to interested buyers about the price reduction through the listing platforms themselves. Make sure that your home’s listing on real estate sites shows ‘price reduced’ or ‘new price’ to attract attention.

Plan Around Local Market Trends

Market trends can play a big role in how buyers respond to price reductions. For example, homes in some locations tend to sell faster in spring and early summer. So, in such localities, timing your price reduction during these periods can maximize your visibility. Connect with your realtor to track such trends and schedule accordingly.

Conclusion

Reducing the price of a home can be a smart move if it is timed right. To do so, you must have a firm grasp of local market trends. Plus, there are many factors to consider, such as user behavior, competition, realtors' schedules, etc. Collecting data on all these aspects could be pretty challenging. That’s where you need a trusted real estate team.

At One Team, we combine our years of market expertise with personalized strategies to help you get the most out of your price reduction. All the suggestions we give are data-backed to make the process stress-free. Contact us now to book a consultation! Content Source: https://homesbyoneteam.com/blog/2024/11/11/what-is-the-best-day-of-the-week-to-reduce-the-price-of-a-house