SEATTLE – March 11, 2011 – Zillow.com announced that it’s adding a new feature to its website – an estimate of monthly rents for about 90 million homes or apartments, whether they’re available to rent or not.
According to Zillow, “Rent Zestimates” will help renters determine a fair monthly value for comparison, and it will be a tool landlords can use to set a price. The company claims it comes up with Rent Zestimates based on public records and public listings data, and that the estimates will cover both apartments and single-family homes in the U.S.
Zillow’s “Zestimates” of home values has been criticized in the past, with many homeowners saying it used inaccurate numbers or simply did a bad job estimating values. Still, many buyers and sellers use the site for pricing information.
“Many would-be sellers in today’s housing market are considering whether to become landlords rather than sell at a loss,” says Zillow CEO Spencer Rascoff. “We created Rent Zestimates to empower people with information and data to make the right real estate decision for them.”
© 2011 Florida Realtors®
No comments:
Post a Comment