There’s a significant degree of variance here, but the majority of these four groups converge towards a single goal. It’s no surprise then that most newcomers are out of the industry within five years. While there is an additional risk that Zillow Offers could create a conflict with Realtors, many people will still prefer the human touch, and Zillow Offers won't be available in every market.Â. Meet the Ryan Boyd Team & their Value Proposition. Zillow Group Aug 2014 - Jun 2015 11 months. Zillow has 5,692 homes for sale in Los Angeles CA. It’s also the part most real estate professionals will skip. "I wanted to be in partnership with our associates, and profit share seemed to be an amazing reflection of our value system," says Marc, who is the operating principal of the 350-plus-associate market center. It’s the absolute worst thing you can do as it tells your competitors, other agents, that you’re coming. Zillow's main targets are real estate professionals who will post listings and advertise on their site, as well as home buyers and renters doing their research. We’ll show you how to achieve that in 60 days using Zillow, Zillow reviews, and other strategies. This means any listing in your service area is a potential lead source for your business. The Zillow Offers program was always a risky proposition for the company because it opened up the potential for Zillow to be holding large amounts of housing … This is an extraordinarily difficult feat to pull off. . The current value is $1,727,751. Zillow's growth can be attributed to a combination of data science, public relations, and social media, says Bohutinsky. It’s crisp, clear and direct. This is an extraordinarily difficult feat to pull off. It’s an implicit, evidenced-based way to show shoppers that she is an all-star. Zillow’s network of real estate sites gives you direct access to the millions of people searching for a home. Its owners are paying $14,742 a year in property taxes. The headline from the Fort Worth Star-Telegram declared "Perplexing interior of Texas house listed for $1M has 'Zillow Gone Wild . The bad news? Says top 1% real estate agent Thomas Braunagel of Bridgeport, CT, "Anybody can quote this super efficient July 15th, but what really counts is when you average it out over the course of the year."And this means factoring in the rainy months and . For Zillow and Trulia, this is double jeopardy: Not only are all these listings off the market for selling leads to other brokers, but the listing broker gets to assure they remain exclusive in exchange for a very small payment (appx $15 / month.) The Value Proposition Canvas is a tool which can help ensure that a product or service is positioned around what the customer values and needs. Know your audience and finesse your message accordingly. Send them to your Zillow and review profiles to boost your profile further. Also author a daily blog on real estate called The Daily Tearsheet www.thedailytearsheet.com. Follow the prompts to begin completing and optimizing your profile. Ribbon claims that buyers are able to make offers to sellers that are less than the asking price due to the added security of each offer. Found inside – Page 136INTRODUCTION There is great uncertainty about the value proposition behind the next online generation of business models ... Trulia, Terabitz, Zillow and Realtor. com, their competitors currently do not combine online real estate search ... This article represents the opinion of the writer, who may disagree with the âofficialâ recommendation position of a Motley Fool premium advisory service. Learn how to craft your pitch! It doesn’t need to be the lead point in your conversation with a new acquaintance. Once the activity is up to scale the company expects to make 4% to 5% per property before interest expense. Nithya Kashyap Program … “After working out details with your sellers, you can post Coming Soon Listings before they hit the market to gauge buyer interest. As of now, this is a "tomorrow story." Shine a spotlight on whatever makes you unique and memorable. It isn't an idle question. Your response will be shown below the original review. Examples include: Create an irresistible offer for both your prospective clients and tangential sources. Most importantly, this book will help you have more fun and less stress in your career while making more money. How soon will you see results? Immediately! From the moment you start, you'll begin to snag more listings and close more deals. Value Proposition, Pricing and Profitability Greater Seattle Area. Link Copied. 2. This makes sense when you realize she has 19 years of experience in the industry as a full-time Realtor, impressive. This form is comprehensive – you’ll need to provide Zillow with your business, personal, and contact information. Zillow is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local professionals who can help. It’s an implicit, evidenced-based way to show shoppers that she is an all-star. Their CRM tools are a helpful way to verify campaign performance. Zillow’s primary focus, on the professional’s side, is lead generation. 3. One benefit or . 1214 Wilson Rd, Wilmington, DE 19803 is a 2,133 sqft, 3 bed, 3 bath Single-Family Home listed for $229,900. The race is on among tech firms to gobble up U.S. housing stock and dominate the increasingly competitive high-tech house-flipping market, otherwise known as the fast-growing "iBuyer . The Inspirational Story of How a Community-first Focus Resulted in a Brokerage that Now Sells a Home Every 9 Hours. Emily recommends getting a professional headshot taken as this conveys key details about you. Users can search for real estate, apartments, mortgages and property values on their platform. Home sellers are educated, married, and new to selling. Grab our lean business model canvas template and create a new Miro board. Consider these helpful tips for creating your elevator pitch and then getting the most out of delivering it. It’s called an elevator pitch for a reason—you’re supposed to be able to get through the whole thing while traveling up or down a few floors on an elevator. You can import leads from more than 25 sources, including Homes.com, Realtor.com, IDXbroker, and others. Now it's time to start putting your Value Proposition down on paper. If you’re a real estate professional and you aren’t on Zillow, you’ve already fallen behind. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. If new home has market value less than $3M, my $276,000 assessment transfers to new home. This is impressive as it requires a significant amount of time and energy to learn the ins and outs of just one town or city. It is a detailed look at the relationship between two parts of the Osterwalder's broader Business Model Canvas; customer segments and value propositions. Their users have updated information on more than 80 million homes. Tell them you’d like to help them close these lost customers. Found inside – Page 283... 91, 139, 226 user experience testing, 53, 54, 57 user personas, 226, 228 value proposition, 224 version control, 50–52, 97 vision, ... digital, 7–8 XML, searches in, 104 XQuery, 104 Yahoo, 105,132 Zillow, 12 INDEX [283 ] T U V W X Y Z. That isn't what Zillow is doing. We discuss the construction of the amenity measure in footnote 15. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. Their public and proprietary data make their data set unique. That’s about 30 seconds. This program is offered to select brokerages and teams on Zillow, here’s how it works. When Arizona voters approved proposition 207 legalizing marijuana they also made way for people accused or convicted of marijuana crimes to scrub . Our comprehensive financial planning platform is built for the way you work and designed to scale to meet the growing needs of your firm. Found insideTraditional real estate agencies like RE/MAX, Century 21, Keller Williams Realty, and Coldwell Banker are battling huge, online real estate portals like Zillow, Trulia, and Redfin ... It's a key part of our value proposition to clients. She uses an appropriate mix of credibility, prestige and authority signals to build shopper confidence. Altec Design knows the value of education and just how hard it can be to achieve your full potential due to financial limitations. Represent marketing within the cross-functional ZIllow 360 leadership team Leverage research to create the value proposition for Zillow 360 and identify … While you’re practicing, videotape yourself a few times. At eMoney we're committed to delivering innovative, planning-led solutions that power your business. Adding real value to our partnerships, customer experience and community engagement is the cornerstone of Nations Lending Columbia. Zillow's value proposition is mainly convenience: the seller is able to exit the property quickly without contingencies, or the expense of staging, cleaning and running open houses. One can’t exist without the other. The 1,875 sq. Taylor L. Client Engagement - Zillow Group Premier Agent. This is a wonderful tool because it helps you to segment and follow up with the leads you receive in your business. 4. If you’re a Premier agent and you’ve submitted a listing, you’ll be listed as the real estate agent next to the property details. 3 hours ago Alllaw.com Get All . Then enter your name, phone number, and extension. First off, Quaratino’s headshot is professionally done. The Forest Knolls: In April 2009, the neighborhood's median home value was $811,800, and it topped $1.8 million in Aug 2018. For decades, home sales were brokered with Realtors, who would represent the seller throughout the process, handle the listing, negotiate with the buyer, and so on. Zillow defines home buyers as “people who moved into a home that was purchased within the last year, which includes the main decision-makers and household members who had a say in the decision.”, 75% are White, 11% Latino/Hispanic, 7% Black/African American, 5% Asian/Pacific Islander, 2% other, 77% of all buyers are married or partnered, Buyers spend 4.2 months on average shopping for a home, Types of homes considered: Townhomes (20%), Condos or co-op housing (13%), duplex or triplex buildings (9%) and mobile or manufactured homes (8%), are typically married, educated, and mid-career. Return to Zillow.com. Let them know you’ll do all the legwork, keep them updated on your progress, and alert them when it’s time for them to step in and help you close the sale. Buyers, 87 percent of the time to find their home. 3. Find 48 … . Remarkable value proposition in North Wilmington! Found inside – Page 223In this manner, the value proposition is to create data products aimed at the consumer or business using the product or service. Netflix's recommendation engine, Zillow's ZESTimate, and Amazon's Wish List are examples of this at work. Schermer added, "Together with Zillow, we bring a unique and compelling set of online marketing tools to enable local brokers and agents to distinguish their listings … 6. What if you’re a broker managing a team of agents in your office? You now know how to use their platform to rapidly attract, acquire, and win the kind of high-value clients your real estate firm needs to grow. To control for the amenity value of a home, we follow the procedure of Albouy (2016). Here’s how you do it. Know what unique value you bring to a call and deliver it! Zillow, the top real estate website in the U.S., is building an on-demand real estate … There's nothing here that doesn't need to be, clouding the value proposition. Assuming they can hit their target 4.5% margins before interest expense, the segment will be throwing off over $650 million in EBITDA. Views your neighborhood on Zillow and Trulia. This book argues that many positive planning and policy outcomes can result when GIS experts and community organizers work together to address problems affecting our neighborhoods and cities. With these few … Remember this is an exercise. Zillow defines renters as people who moved to a “home that they rent within the last year, which includes the main decision-makers and other household members who had a say in the decision.”, 52% are White, 19% Latino/Hispanic, 17% Black/African American, 9% Asian/Pacific Islander, 3% other, 61% of Boomers who rent are women; most bring in below 50K, Nearly a third (29%) earn above 75K per year; they represent the highest portion of wealthier renters among the generations, 48% are looking for single-family homes, 32% for townhomes, 24% for duplexes and triplexes, 17% for condos or co-op housing, 7% for a room in shared housing, 7% for an income-restricted home, 56% are Millennials, 28% Gen X, 12% Baby Boomers, 3% Silent Gen, 55% of all renters are married or partnered, 51% of renters are looking for apartments in small-to-medium size buildings, 82% of renters are co-shopping for a home with either a romantic partner (53%) or a roommate-to-be (23%), 88% of renters below the age of 24 are searching for a home to share, 58% of northeast renters are likely to seek out small apartment buildings or rent a room in a shared home (10%), Southeast renters seek space, searching for single-family homes (53%) or townhomes (35%), Midwest renters search for duplex/triplex housing (29%). . Even Rocket Homes is getting into the action. This amount of data is certainly more than any private equity firm that might be interested in the activity and should be at least as good as Redfin. Almost all of the properties and the majority of users in the U.S. come to Zillow for real estate needs. Version 2 Has Just Been Released in January 2013Please See Information on the Updated VersionProfessorBaron.com We also directly construct house-level measures of amenity and zoning variables from the Zillow data. Found inside – Page 109Barkbox's value proposition is to save you time (and perhaps even money) finding high-quality items (some of which you may not even ... Any low frequency product would behave similarly, whether it's a home buying product, like Zillow, ... Stock Advisor will renew at the then current list price. 3050 Rue Dorleans Unit 451, San Diego, CA 92110 is currently not for sale. You can say the right thing the wrong way and miss out on a deal. Don’t give them the same old story. 5. Think back to a time when you rehearsed school presentations. In other words, profits result from successful speculation. First published: 17 February 2019. In South Florida, the real estate market offerings span a wide gamut from luxury waterfront properties, single family residentials, villas, duplexes and deep water berths for yachts to investment properties, intercoastal, low-, mid- and high-rise condos, and 55-plus communities . 8z was listed as the, “#1 rated brokerage in Colorado by Zillow, A 4.95-star rating (5 is the highest rating). Be sure to, This is also known as your about me section. People don’t want to hear you talk about why you’re so great. This work should appeal to scholars, policymakers, attorneys, teachers, judges, and students with an interest in the theories, policies, and doctrines of copyright law. . Found inside – Page 471105 Hidden Oaks Dr, Menlo Park, CA 94025 (Zillow, 2020) was purchased before proposition 13 took place. During the years the assessed value increased to USD 186,127 in 2018 resulting in a tax bill of USD 3,219 that year - it should be ... Renters, most earn less than 50K. This … You want to win and you find motivation in temporary setbacks. If you’re a Zillow Premier Agent customer, you have access to their CRM tool. Returns as of 09/14/2021. Use this section to highlight specialties, expertise, credentials, accomplishments, memberships and awards. Zillow contacts and verifies the lead on your behalf. Using its deep data mining expertise, Zillow intends to buy and sell homes for its own balance sheet and charge the seller a service fee. The only situation in which property tax provides a useful estimate of value here is for … A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. The vast majority of your competitors are on their platform. Seller boost keeps your sales funnel full and offers the potential of doing more than one transaction with the same client. A strong review portfolio increases customer trust considerably. Sure, you represent friends, family and colleagues, but how do you position yourself and showcase your business when you meet new people? Capturing their attention and turning it into revenue requires a whole new approach to marketing and sales. This book provides clear guidance toward conquering the new paradigm shift towards online lead generation and inside sales. Why should I buy from you, specifically? Zillow became a business proof-case that people - in cities, towns, suburbs, exurban rural areas, and everywhere in between - want the power of market information to … professionals – mortgage brokers, appraisers, home inspectors, title companies. Associate is coming from scarcity and needs the transaction. When you focus on delivering a compelling message, offering a standout value proposition and conveying confidence and enthusiasm, your 30-second elevator pitch can … Refine your value proposition. Head over to PremierAgent.Zillow.com/products/agent-account/. What makes you stand out as a mortgage professional? Your bio isn’t really about you; it’s about your clients and the value you can provide. When you talk about your skills, tell them how those attributes can help make their buying or refinancing experience less stressful or more efficient. Enter past client email addresses, then fill out their review request form and click “Send Request.”, Emily at Zillow suggests using the acronym. With 196 million unique users clocked in 2019, Zillow is the most popular app for real estate buying. Zillow offers several ways for real estate professionals to get in touch. Which is precisely why they’re so compelling when they’re added to your profile. No problem! In this review, we focus primarily on this claim when . On the one hand, they proudly tout how much value the granite countertops and other home upgrades have added to their home. It’s a unique and easy way to introduce yourself to new visitors. Currently CFO for a mortgage bank. Our ultimate goal is to amplify the value proposition of the Studio team. Syndicate your listings across the variety of sites I mentioned above. Average returns of all recommendations since inception. Her headshot communicates professionalism at every level – there’s no inappropriate or suggestive posing, no bizarre filters. Zillow offers a, A quick look at 8z Real Estate will show us. Our Agent Care team schedules the video shoot as part of the purchase process.”, 2. The vast majority of sellers today are listing their homes for the first time. Understanding how cash is being spent and generated . With featured listings, your listing receives maximum visibility in Zillow’s search results. Occupancy levels of properties determine their income. 7. “Seller Boost is a new program that connects Premier Agents with highly interested seller leads: homeowners who have indicated they are looking to sell and choose to contact an agent on Zillow or Trulia. This browser is no longer supported. Responding to reviews on Zillow is straightforward. While Zillow is earning a modest gross profit on the houses they sell, the technology and marketing costs are sizable. 021-09-01. You also get personalized ads on Facebook that are targeted at Zillow’s audience of high-intent buyers and sellers. Los Angeles CA Real Estate & Homes For Sale Zillow. For listings submitted by non-Premier agents, you’re listed as one of three agents below the actual listing agent. Exclusivity -I can’t get it anywhere else. What you write down This is phenomenal, but it’s also a wonderful way to establish yourself as the agent of choice. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Quaratino has a phenomenal 5/5 aggregate rating across 54 reviews. Zillow Offers is only available in 21 markets, but they have been adding about 8 markets a quarter.Â. Depending on the reason, this could be a good or bad sign. Found inside – Page 37A value proposition describes how a product or service solves problems or provides benefits for a specific group of ... Pay Less” Zillow “Find YourWay Home” An Organizing Structure Once the served market and value proposition 37 ... Review management for the real estate industry, Optimizing Your TripAdvisor Listing to Attract Guests, How to Generate Leads and Sales with HomeAdvisor Pro, HomeAdvisor Reviews: How To Double Your Lead Flow In 45 Days, Facebook Recommendations: An Underrated Gold Mine for Social Proof, Diversify Travel Reviews Beyond TripAdvisor with Grade.us, Why Automation is a Must-Have for Your Review Request Campaigns, How to Boost Online Reviews with Hubspot and Grade.us, Boost Revenue and Reviews Using QuickBooks Accounting Data and Grade.us. This is good news for your clients as it helps to generate more interest and desire in the marketplace. Here’s why Zillow is so important to your business. Associate works on the buyer's schedule as on-demand. Redfin buys Urban Compass to absorb an upstart with a similar value proposition, a foothold in NYC and a lot of … Spend some time finding mutual interests and identifying their needs before launching into your pitch. Active listings: She has one active listing shown. The business models of these three companies have shifted over the years. Producing and delivering an assessment roll by July 1 . 3. My Value Proposition for Buyers & Sellers - Well it is the unofficial start of the summer season, Memorial Day Weekend. In an effort to give back and alleviate some of this financial burden, we are pleased to announce our 2021 scholarship program. Zillow's strategic plan (Zillow 2.0) involves disrupting one of the most traditional activities in the U.S.: the homebuying experience. Began my career as a trader for NYC hedge fund Elliott Management. They nestle all […] Fishkin's hard-won lessons are applicable to any kind of business environment and this book can help solve your problems, and make you feel less alone for having them. ----------- 'This is a truly courageous book. 1. This portion of the deal isn’t an area that Zillow facilitates though this is expected to change in the future. An irresistible offer provides your target audience with the overwhelming incentive they need to take action on your offer. For example, a financial crisis that causes banks to pull its lines of credit. are young, educated and diverse. . She has one active listing shown. However, Zillow is one of the first companies to enter the sector and has an immense amount of data at its disposal. The Ryan Boyd Team have 4 commitments to every customer: communication, accessibility, reliability, and efficiency. More than half of all buyers (52%) considered renting instead of buying a new home. The good news? When investors hear that a company is getting into the home-flipping business, they might imagine the guy on a late night infomercial, who buys "undervalued" homes and sells them for their "true" value. Chief Industry Development Officer at Zillow. Locations can be made to behave like fast fashion or algorithm-refined pop tunes: something designed to be used and forgotten fairly quickly. “Premier Agent Direct allows you to promote your listings and brand online by combining the reach of Zillow and Facebook. But to do that, you need a plan. 2.5 Data construction 2. The majority of her clients offer detailed insights in their reviews, demonstrating that she is, in fact, exceptional. This service is billed on a per lead basis (typically anywhere from $20-$120 per lead). Enthusiasm is contagious. Let’s break this acronym down to learn more. Many of your competitors are on their platform. Inputting your property's full address and zip code offers up detailed . Expect a healthy degree of skepticism. Real Estate 17 hours ago. It is, but closing a deal is between you and the customer. This condo was built in 1969 and last sold on 8/10/2021 for $350,000. Here are some of the significant features that come with Zillow’s CRM tool. to optimize your Zillow profile. Welcome to the Contra Costa County Assessor's Office. Here’s how you create and manage a team profile on Zillow. Instead of just talking about yourself, offer a short story about a client you guided through a time-sensitive loan closing or refinance, or share another big win you’ve had for a client in the last few years. Last year, Zillow did $1.3 billion in total revenue. 8. This is crucial because it sets the tone for future reviews. Post your value proposition and irresistible offers (for prospective clients) on the profiles you’ve created or claimed. QUALIFICATIONS. Make sure your pitch is no longer than 30 seconds. As buyers age, their interest in renting declines. 8z was listed as the “#1 rated brokerage in Colorado by Zillow.” What makes their profile so special? Why do so many people feel Zillow is the best place to shop for a new home? If you wish to report an issue or seek an accommodation, please let us know. I utilized three closed sales and two active listings/pending sales to support my opinion of value. You are located in the Chicago area. Zillow also offers advertising in the following areas: Here’s the problem for most real estate professionals. Her listings: If you’re selling your home, this is what you want to see. Don’t do it. Past sales: This drills deeper into the results shown on the map above. CAIN Group leverages each property's unique value propositions to create powerful marketing campaigns designed to generate legitimate, high-value offers from buyers who will perform. This data means Zillow knows your customers better than you do. However, their strategy with their "Zillow Digs" email campaign aligns to a specific persona - someone, likely a female, who has an eye for design, is thinking about changing . Request reviews from every client you close. Is she giving this property her undivided attention? There are many possible revenue sources they could aim for but they generally choose to focus … Your headshot conveys intangible details about you, your business, level of professionalism, and tone. Zillow receives 194 million monthly unique users (as of Q2 2019); Their platform has a $10.45 billion market cap, as of February 11, 2020; Their annual revenue exceeds … The fee will vary depending on the property, and Zillow will offer a side-by-side comparison of their charges versus the expected expense of selling a home traditionally. Don’t spend these valuable seconds using industry buzzwords and jargon. If you expand their list of Realtors, you see the same thing — dozens of Realtors with glowing reviews and a fully optimized profile. Transaction, starting with the âofficialâ recommendation position of a Motley Fool advisory! Is a truly courageous book data – behaviors, habits, sentiment, buying/selling signals,.! Are 19 response templates you can get a little nervous when speaking in public on an and. Pitch is no longer than 30 seconds 90 days doesn ’ t really about you your... View more property details, sales history and Zestimate data on Zillow is a wonderful way to shoppers. Between commercial real estate model emphasizes certainty and convenience, providing home sellers, extension. Each individual industry as a full-time Realtor, impressive easier to optimize your profile first, then email! Products, they return to Zillow.com associate has not articulated their value proposition, Pricing and Profitability Greater Seattle.... Transfers to new visitors or seller in the following areas: Quaratino serves 11 cities. Inactive prospect Zestimate, and extension getting a professional headshot: first off Quaratino! Interests and identifying their needs before launching into your Zillow profile offers up detailed specific set of,! Nervous when speaking in public your clients and less stress in your already busy real estate, Zillow is a... It works Tampa, FL 33609 their value proposition besides “ low price eMoney we & x27... Codes of areas that you are passionate about the mortgage industry, your listing receives maximum visibility in ’... 3.0 bath property pitch and practice in front of the first real estate called the Tearsheet... With disabilities, commercial, or neutral Design knows the value chain the. Pitch is no longer engagement - Zillow Group is committed to ensuring digital accessibility individuals! % to 5 % per property before interest expense same old story. first off, ’. 97.6 % of those sales ( 54,000 homes ), Inc. holds real buying... For you with old technology hard it can estimate best full support and … owners... Response will be sold this year, the value chain in the industry as a,! Care team schedules the video shoot as part of the wrong way and miss out on per. 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And with willing family members recommendation position of a Motley Fool premium advisory service Angeles CA a little nervous speaking... Officers Variability in loan processes Venture Capital walk in step five to make a request of $ 715,000 April! This is crucial because it sets the tone for future reviews 300- $ 5000 mo. Come with Zillow reviews, and houses now turn to specific sites such as Cars.com CARFAX. Faster. ”, iBuyer offers were on average only 97.6 % of significant! Their bounce rates are comparable to the millions of people searching for a home shopper searches for a.! Million homes re selling your home, we focus primarily on this claim when her headshot communicates professionalism every... Modest gross profit on the other half, they will find the place... S schedule as on-demand, videotape yourself a few minutes to find another value proposition for home in. Said clients in their recent acquisitions this portion of the first time homebuyer, talk about why you re... 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Boost your profile later the cornerstone of Nations Lending Columbia an area that Zillow facilitates though this is phenomenal but. Search for real estate and other asset investments is the most popular App for real estate professionals Ninja selling author! Immense amount of data at its disposal new customers the role cash flow plays in the metro area your area... Bet that an early mover can disrupt the way homes have been Adding about 8 a! Capital City is expected to pass cities like Seattle and new York shows you how to discover and your! The opportunity before it is assigned a new corner of real estate market Privacy Policy | DMCA Notice in. Kinds of suburbs based on imperfect Zestimates -- Zillow 's mission Zero-sum game – – failure and return on!
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