Dallas-Fort Worth Real Estate Investor Club

Why I Choose NOT to Use Data from Zillow

  • 31 Jul 2013 6:40 PM
    Message # 1355771
    Deleted user

    The following are excerpts from Paul Hagey's Jul 31, 2013 article titled "Zillow’s point man with MLSs, brokers departs: Bob Bemis frustrated by 'lack of inroads' in MLS community

    by Paul Hagey

    Jul 31, 2013

    Bob Bemis undefined the former MLS executive hired last year by Zillow … has left his position after 18 months, citing frustration in his efforts to obtain direct listing feeds from MLSs on Zillow’s behalf.

    Zillow, and other third-party real estate search sites like Trulia, have made a big push to get data feeds directly from brokers and MLSs because, without a direct feed, the portals face accuracy and timeliness issues with the listing data they get from a variety of sources.

    A recent study by the brokerage and referral site ZipRealty, for example, showed that 16 and 17 percent of the homes listed as for sale on Zillow and Trulia, respectively, in the markets the study looked at were not listed as for sale in the MLS.

    “Most MLSs didn’t see a great advantage in setting up direct data feeds,” Bemis said. “I just don’t think we’re there yet.” From his perspective, Bemis said, a shift in attitudes about providing direct feeds to Zillow and other third-party sites could be years out.

    Last June, Bemis sent emails to 50 of the 200 MLSs that send Zillow data …  asking them to consider giving Zillow direct data feeds so they could improve the accuracy and timeliness of their listings on the portal.

    “While this channel is convenient, it is not always the speediest, and many of the complaints we receive about listing freshness can be traced to the speed with which new or updated listing information reaches Zillow,” Bemis said in a June 29, 2012, email. “Because of the multiple hands through which the data passes, it can sometimes be days before a revised listing reaches us for posting.”

    -Greg

    Greg Wilson

    The REI Mentor

    http://www.reimentor.com

    Last modified: 31 Jul 2013 6:41 PM | Deleted user
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