
Homes.com Takes On Zillow: A Game Changer for Listings
In a bold move to support brokers and homeowners overlooked by Zillow’s private listings ban, CoStar CEO Andy Florance recently announced the enhanced capabilities of Homes.com. This feature, dubbed "Boost," gives listings that have been excluded from Zillow's platform a fighting chance to reach potential buyers. On April 29, Homes.com introduced this tool, and it is primed to strengthen competition in the digital real estate marketplace.
Why Zillow’s Ban Matters
Zillow's decision to enforce a private listing ban has been met with criticism, described by Florance as a “blacklist” that restricts access to markets for certain agents and properties. This move has prompted Homes.com to step in and offer a lifeline for those impacted. “We don’t think it’s right to ban people’s listings for your economic interest,” Florance stated, emphasizing a commitment to inclusivity in real estate listings.
The Power of Boosted Listings
The Homes.com Boost feature allows agents and homeowners to enhance the visibility of their property for a one-time fee of $260. Boosted listings not only gain prime positioning on search results but are also featured prominently in listings alerts and community email content. This ensures that agents can still market their properties effectively, even under restrictions imposed by platforms like Zillow.
What This Means for Agents and Homeowners
Listing brokers who have faced roadblocks with Zillow now have an alternative that promises to deliver leads directly to them. As Florance noted, if agents recognize they have options, like Homes.com, it diminishes the pressure to conform to Zillow’s guidelines. The platform's ability to connect agents with potential buyers will undoubtedly impact their listings, making it a favorable choice for marketing endeavors.
Toward a New Era in Real Estate Marketing
This development isn't just about Homes.com versus Zillow; it's indicative of a broader shift in the real estate landscape. With Redfin also signaling the implementation of a similar ban, Homes.com’s proactive approach could set the stage for more competitive marketing solutions within the industry.
As agents and homeowners begin to utilize Boost, it may challenge the established norms of how listings are presented online. The real estate sector is evolving, and with this new tool, Homes.com positions itself as a key player in transforming how properties are marketed in the digital space.
If you're a real estate professional navigating these changes, consider your options wisely and explore how you can adapt your strategies.
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