Zillow has many great options on their website...
however one issue that people question is the reliability of the comps.
Paul Hagey wrote an aricle for Inman News
discussing Zillow and the MLS
Real estate portal Zillow has appealed to multiple listing services to provide Internet Data Exchange (IDX) listings data directly to the site, originally claiming that it can "sometimes be days" before syndicators like ListHub provide new or revised listings to the site.
Zillow has since backed down from that claim, acknowledging that ListHub -- which is owned by Zillow competitor Move Inc. -- provides Zillow with updates every 12 hours, and has offered to increase the frequency to four times a day.
Bob Bemis -- a former MLS CEO who joined Zillow in February as vice president of partner relations -- recently emailed about 50 of the nearly 200 MLSs that provide listings to Zillow through ListHub, requesting a direct data feed.
"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 the June 29 email. "Because of the multiple hands through which the data passes, it can sometimes be days before a revised listing reaches us for posting."
The MLSs that received the email also provide IDX listing data to a Diverse Solutions, a company that powers websites for agents that Zillow acquired in November for $7.8 million.
"One of the solutions we are pursuing is to contract for that same data feed directly from the MLS," Bemis said. "This would allow Zillow to refresh our database multiple times each day, rather than on the much slower schedule we must follow now."
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