Getting the Attention of the CEO of Zillow | The iBuyer Experiment - Stop & Chat #36

This week we are starting out with a viral video from Sean Gotcher that just asks a simple question.

He took on the big iBuyers with shit simple questions … What if? And that got the attention of the CEOs of Zillow and Red Fin!

What if everybody uses a home search site? And what of this site was collecting data about the buyer’s searches on the site? And what if in those neighborhoods buyers could afford some amount of money to live there? And what if this large company decided to buy up a bunch of houses? And what if they buy 30 of these houses at about the same price? And what if the 31st house they pay some amount over market value? And what if THAT house becomes a comp for similar homes in that neighborhood? And what if those 30 homes they bought at market price are now worth as much as the 31st? What if … They’d make about $1.2 Million in just that one neighborhood.

We’ll discuss this and what that might do the the market and the company and the neighborhood.