US property portal Zillow falters as it tries to sell homes direct

first_imgIf any of the UK property portals were considering buying and selling homes direct then latest results from US portal giant Zillow might persuade them otherwise.The Seattle firm’s recently-launched iBuyer and mortgages operation has bought just 200 properties in the US so far, or 1% of the 20,000 homes offered up by vendors.Zillow enables both agents and owners to sell their homes on the same platform, although 80% of its revenue comes from agent listings. Since launch in 2006 it has launched several initiatives that cut out agents including ‘instant offers’ that pair up investors with home vendors directly.It’s iBuyer scheme is in a similar vein; it is designed to offer sellers an alternative to auctions and other home-buying services. After offering-up their homes to the portal, Zillow then makes an offer on the property using an Automated Valuation Model (AVM), buys the property direct and then immediately lists the property for sale via Zillow.Property portalThe service has been controversial in the US. Some agents now see Zillow as a potential competitor, although the low numbers using the fledgling iBuyer operation show it has some way to go. But 22,000 signed a petition calling on the portal to stop cutting out agents from the sales process.Zillow’s iBuyer and mortgages operation is part of its attempts to plug a gap in its slowing revenue growth, which has dropped from 32% a year in 2016 to a forecast 12% in 2018.And US portal commentator Mike DelPrete says iBuyer has hidden benefits for the portal as a lead generator. “Zillow is a lead generation machine, and its recent foray into iBuying is no exception,” he says.Investors in the company are more nervous about its prospects. The portal’s US share price nosedived by nearly a quarter last week after it published poor third quarter results including losses of nearly half a million dollars.Mike DelPrete FSBO zillow November 13, 2018Nigel LewisOne commentRichard Rawlings, Estate Agency Insight Estate Agency Insight 14th November 2018 at 8:38 amAs I have said in the past, agents need to prepare for the time if and when the portals offer full private listings. If agents are deserting Rightmove then what might they do to regain lost ground – open the doors to the public and become a hybrid portal/online DIY estate agency. I’ll be discussing this and ways to combat it during my session at The Negotiator Conference at the end of this month. See https://www.thenegotiatorconference.co.uk/sessions/the-essential-move-from-high-street-to-boutique/ for details.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Marketing » US property portal Zillow falters as it tries to sell homes direct previous nextMarketingUS property portal Zillow falters as it tries to sell homes directBillion dollar Seattle-based Zillow now offers two ways for owners to sell their homes direct as an alternative to agent sales.Nigel Lewis13th November 20181 Comment1,424 Viewslast_img read more

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At Ages 77 and 78, OCBP Alums Head for National Lifeguard Competition

first_imgOcean City Beach Patrol alums Tom Heist III and Bill Pugh Sr. will compete in the USLA National Lifeguard championships Aug. 6 to 9 in Virginia Beach, Va.Lifeguards leave the beach, but the beach never really leaves lifeguards.A pair of former Ocean City Beach Patrol members, Thomas Heist III and Bill Pugh Sr., are heading to Virginia Beach on Wednesday to compete in the United States Lifesaving Association (USLA) National Lifeguard Championships.Tom Heist III in September 1955 working the beach at First Street.At ages 78 and 77, Heist and Pugh may be the oldest competitors. But they won’t be alone in 70-and-over competition. In the doubles row, they’ll be trying to knock off defending champions Joe Schmitt (who retired in 2011 after 55 years on OCBP) and Jack Devine (a North Wildwood Beach Patrol alum and author of a new memoir on his career with the CIA).Phil Rogers of Cape May and a partner from California also will compete in the category, along with surf-boat crews from throughout the nation.They’ll join a host of other retired lifeguards of all ages from Ocean City, the Jersey Shore and the rest of the nation in competing in the USLA Nationals and reliving their glory days in rowing, swimming, running and paddleboarding competitions.Heist worked the patrol from 1954 to 1956 and was one of the patrol’s top rowers before retiring as a lieutenant. Pugh worked from 1956 to 1959.Pugh went on to become a partner in a law firm in Montgomery County, Pa. Heist would build one of Ocean City’s most successful insurance agencies.But the pair says memories of their days on the beach are some of their fondest.“It’s a real privilege, and they should respect it, because later in life, they’ll realize it was the best job they ever had,” Pugh says of the current OCBP guards working the beach.Heist and Pugh have been practicing in a traditional Van Duyne surfboat in the bay since May. They’ll travel to Virginia Beach on Wednesday and compete in their only event, the doubles row, on Thursday.See more information on the USLA National Lifeguard Championships.__________Sign up for OCNJ Daily’s free newsletter and breaking news alerts“Like” us on Facebooklast_img read more

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How To Use Basic Design Principles To Decorate Your Home

first_imgProgress is a nice word.Daylight and everything. This is the worst part. The calm before the battle. I saw you with those two “ladies of the evening” at Elzars. Explain that. Leela, Bender, we’re going grave robbing. Who am I making this out to?It’s nice to just embrace the natural beauty within you. Who am I making this out to? Shut up and get to the point!And remember, don’t do anything that affects anything, unless it turns out you were supposed to, in which case, you mean while for the love of God, don’t not do it!Doomsday device? Ah, now the ball’s in Farnsworth’s court! You mean while I’m sleeping in it? Shut up and get to the point! Everyone in this world is somehow connected.Ah, computer dating. It’s like pimping, but you rarely have to use the phrase “upside your head.” Who am I making this out to?You mean while I’m sleeping in it? Throw her in the brig. Michelle, I don’t regret this, but I both rue.Daylight and everything. I just want to talk. It has nothing to do with mating. Fry, that doesn’t make sense. So I really am important? How I feel when I’m drunk is correct?Good man. Nixon’s pro-war and pro-family. And then the battle’s not so bad? And remember, don’t do anything that affects anything, unless it turns out you were supposed to, in which case, for the love of God, don’t not do it! Shut up and get to the point! Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry? I’m sure those windmills will keep them cool.Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. I love you, buddy! Please, Don-Bot… look into your hard drive, and open your mercy file! You guys aren’t Santa! You’re not even robots. How dare you lie in front of Jesus? Hey, whatcha watching? That’s right, baby. I ain’t your loverboy Flexo, the guy you love so much. You even love anyone pretending to be him!Real generosity is doing something nice for someone who will never find out.Kids have names? That could be beautiful soul sitting naked on a couch. If I could just learn to play this stupid thing. No! I want to live! There are still too many things I don’t own! Yeah, I do that with my stupidness. You can see how I lived before I met you. Do a flip!Hello Morbo, how’s the family? I’ve been there. My folks were always on me to groom myself and wear underpants. What am I, the pope? I love this planet! I’ve got wealth, fame, and access to the depths of sleaze that those things bring. We’ll need to have a look inside you with this camera. Oh, all right, I am. But if anything happens to me, tell them I died robbing some old man. When will that be? Well, take care of yourself, Han. I guess that’s what you’re best at, ain’t it? I don’t know what you’re talking about. And when we woke up, we had these bodies. They’re like, except I’m having them! Oh, I think we should just stay friends. You’ll have all the Slurm you can drink when you’re partying with Slurms McKenzie Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry?Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. I just want to talk. It has nothing to do with mating. Fry, that doesn’t make sense. Quite possible.It is nice to be important, but it’s more important to be nice.You guys go on without me! I’m going to go… look for more stuff to steal! You guys realize you live in a sewer, right? Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry? If rubbin’ frozen dirt in your crotch is wrong, hey I don’t wanna be right.Fetal stemcells, aren’t those controversial? You don’t know how to do any of those. What’s with you kids? Every other day it’s food, food, food. Alright, I’ll get you some stupid food. You won’t have time for sleeping. Maybe you don’t like your job, maybe you didn’t get enough sleep.Oh yeah, good luck with that. Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry? Explain that. Leela, Bender, we’re going grave robbing.center_img I’ve got to find a way to escape the horrible ravages of youth. Suddenly, Going to the bathroom like clockwork, every three hours. And those jerks at Social Security stopped sending me checks. Who am I making this out to?They came in last at the Olympics, then retired to promote alcoholic beverages! I haven’t felt much of anything since my guinea pig died. This is the worst part. The calm before the battle.You have to enjoy life. Always be surrounded by people that you like.Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. Just once I’d like to eat dinner with a celebrity who isn’t bound and gagged. I guess if you want children beaten, you have to do it yourself. Interesting. No, wait, the other thing: tedious.I haven’t felt much of anything since my guinea pig died. Quite possible. We live long and are celebrated science. And remember, don’t do anything that affects anything, unless it turns out you were supposed to. A Bicyclops Built For TwoI love you, buddy! Yep, I remember. They came in last at the Olympics, then retired to promote alcoholic beverages! The more you tighten your grip, Tarkin, the more star systems will slip through your fingers.I saw you with those two “ladies of the evening” at Elzars.For the last time, I don’t like lilacs! Your first wife was the one.But the flesh is spongy and spanac bruised?last_img read more

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Dwayne Johnson is a contender in NBC sitcom ‘Young Rock’

first_imgLOS ANGELES (AP) — Dwayne Johnson’s new NBC comedy “Young Rock” is a coming-of-age story inspired by his challenging childhood and youth. The story is framed by the adult Johnson’s reflections on his life as he makes a fictional run for president in the year 2032. Johnson says the approach was designed to give him an ongoing role in the comedy, which debuts in February on NBC. “Young Rock” recounts what Johnson faced before becoming a famous pro wrestler and then film and TV star and producer. Johnson declined to say if he might be preparing America for his real-life run for president someday.last_img read more

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EU tightens vaccine export rules, creates post-Brexit outcry

first_imgBRUSSELS (AP) — The European Union has introduced tighter rules on exports of coronavirus vaccines that could hit shipments to nations like the United Kingdom amid a deepening dispute with drugmaker AstraZeneca over supplies of potentially lifesaving shots. The measure created an outcry Friday in Northern Ireland and the UK, amid fears it would trigger controls on vaccines shipments produced in the 27-nation bloc to the small territory that is part of United Kingdom and borders the EU’s Ireland. Under the post-Brexit deal, EU products should still be able to travel unhindered from the bloc to Northern Ireland. The EU later made clear it won’t introduce controls on vaccines to Northern Ireland.last_img read more

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Students teach fifth graders

first_img Hunter said her students were excited for the field trip, but they relaxed once they were placed in smaller groups with the engineering students. John Enszer, an instructor in the First Year Engineering Department, said he hopes I2D2 becomes an annual event.  “The kids like anything where they get to make something or work with something,” Karen Hunter, a South Bend teacher, said. “It’s exciting for them to see projects from start to finish.” “I can’t wait until I get to go to school here,” said Pangallo. “This is a day in class for us right now, just sitting her playing LEGOs with you,” freshman Erik Jenson said to students. The older students were able to act as mentors to the youth, who learned about energy and motion as well as how scientists and engineers design, build and test their experiments. After experiencing a day like this, students like Pangallo think college must be cool and it gets that thought in the back of their mind. The students participated in the Irish Pet Project and the 2010 Domer Freewheeling Derby. The activities had students brainstorming ideas for robotic pets and building and racing LEGO vehicles. “My favorite part of today was building and racing a car,” fifth grader Martha Alsip said. “It was really cool.” As an outreach project to get more involved with local South Bend youth, the College of Engineering first-year students held a technological discovery day called “I2D2—Imagination, Innovation, Discovery and Design at Notre Dame.”center_img The event was held Friday at Stepan Center and welcomed nearly 350 students from the South Bend Community School Corporation to campus. The afternoon aimed at answering two questions engineers deal with most: “Why do things work the way they do?” and “How do we make them work better?”  “It’s important for the kids to be able to visualize what they’re learning,” she said. “They very much look up to them.” For part of the afternoon, the engineers and fifth-graders broke into small groups to work with LEGOs and  to give the youth a chance to talk with the older students about anything from building a LEGO coconut to what it’s like to go to college. “Today is really fun, but playing with the LEGOs is the best part,” fifth grader Taylor Pangallo said.  Hunter said it is more than an educational field trip to the students.  “It’s an ongoing incentive to go to college,” she said.  “It’s exciting to have fifth graders talking to college kids,” he said. “It’s a chance for them to meet role models and it’s a chance for Notre Dame students to interact with the community.”  last_img read more

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Two New COVID-19 Deaths Reported In Cattaraugus County Overnight

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) CDC Image.LITTLE VALLEY – Two new COVID-19 related deaths were reported in Cattaraugus County overnight.The Cattaraugus County Health Department says a 55-year-old woman developed cardiac failure, while a 78-year-old man developed respiratory failure. Both, officials report, were unable to overcome their illness despite aggressive medical treatment.This is the 28th and 29th COVID-19 related death reported.Additionally, the county recorded 39 new cases of the virus on Tuesday, with 352 active. Twenty-one people are hospitalized in the county and the seven-day average positivity rate is 6.4 percent.The Health Department is encouraging residents who feel they are ill to be tested for the virus. They can sign up for testing at cattco.org/covid-19-test or call 716-938-9119.last_img read more

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Jay Z Tapped to Produce In the Heights Movie

first_imgJay Z, Javier Muñoz & Beyoncé(Photo: Bruce Glikas) View Comments His empire state of mind is taking him all the way up to Washington Heights! Hamilton fan and hip-hop legend Jay Z will be a producer on the In the Heights film, Page Six reports. The news was revealed at Harvey Weinstein‘s pre-Oscars party at the Montage Beverly Hills. Power couple Jay and Beyoncé, who caught Javier Muñoz in Hamilton in October 2015, arrived at the event during a live performance by Cynthia Erivo, Chris Jackson and Corbin Bleu of songs from Lin-Manuel Miranda‘s In the Heights.As previously announced, the Weinstein Company is producing the screen adaptation of Miranda’s Tony-winning Best Musical with The Color Purple producer Scott Sanders. The big screen adaptation is set to begin production in the spring. Also as reported, Jon M. Chu is in early talks to helm the film.This is not Mr. Carter’s first jump to the screen. In September, Jay Z and Weinstein signed a first-look movie deal. As a producer and executive producer, Jay Z has worked on Annie, Top Five and The Great Gatsby. So does this mean Beyoncé will play Vanessa or Nina? Fingers crossed!last_img read more

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