Zillow analyzed data on actual sales prices compared to asking prices, the number of days listings spent on Zillow and the percentage of homes on the market with a price cut, and ranked the 30 largest metro areas in the country to determine whether buyers or sellers have more negotiating power in a given market.
Billionaires have been plunking down extravagant sums for trophy homes the country over since 2011, injecting would-be sellers with confidence to try their hands at turning a hefty home sale profit.
The excited executive can be counted on to travel the country (at his own expense) presenting this letter to prospective sellers, with the unwritten understanding that he will be an equity participant and member of the management team of any completed acquisition.
Besides promoting marketplace to sellers through fee reduction and aggressive promotion through television customers, the company also invested in its largest competitor in the country, Snapdeal.