...“Zillow” Sharon Edwards Indiana Tech College of Professional Studies MBA 5110 Management Information Systems Business Driven Technologies Chapter 8 Pages 116 - 117 Summary of the Facts “Zillow Group, or simply Zillow, is an online real estate database company that was founded in 2006 and created by Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia.”1 This website houses data for more than 90 million homes to buy, rental homes, rental apartments and rental properties, across the United States. Information on these properties includes size, bedrooms, bathrooms, kitchen, living room, location, cost, and even color. Zillow will let you know if properties are pet-friendly, what style the home is, what the cabinets are made of and what color the tile is in the bathroom. The site provides not only the information about the homes look, but it also about the cost and the valuation of the home. It also automatically recalculates the valuation of the properties every day to provide users with historical grafts of the properties over time, so with 10 years’ worth of history.2 Just like buying a car and getting all the maintenance history, renters or buyers can get the information on the homes and be better educated on what they are buying or renting. As one would imagine, having a website like this where a buyer could look at properties across the country if they are moving would save a great deal of time...
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...1). Zillow would need to use a database to run its business because without a database, Zillow would be unable to store and quickly query the billions of records. 2). Zillow uses business intelligence to create a unique product for its customers by analyzing internal organization information and external information such as market trends, competitor information, and industry trends. Through this analysis, Zillow could then analyze its business across markets, among its competitors, and throughout different industries. 3). The marketing department could use a data mart to determine which form of residence (house or apartment) is currently the best seller and then use that information to generate mailing lists to customers looking for potential homes. 4). a. Timeliness: Zillow’s information must be timely. If customers are receiving old and outdated answers to their queries, they will not use the website and head to a competitors. b. Accuracy: The website information must be accurate. c. Consistency: The website’s results must be consistent. Users will not find the system to be credible if it provides different results or prices for the same home on different dates or times. d. Completeness: Search results need to be complete and identify all homes the customer is looking for based on their query. e. Uniqueness: The users of Zillow expect to receive unique answers to their queries, not the same home listed over and over again. 5). Possible Entities=...
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...Zillow is usually thought of a competitor or a nuisance to most agents. It’s filled with incorrect data that tricks consumers. It doesn’t have every house on the market listed and paints an incorrect picture of neighborhood prices. However, there are ways you can use Zillow to your advantage. If you think of it as a marketing tool and not an enemy, leads can be won without paying advertising fees. There are a number of things you can do for free on Zillow in order to maximize this platform as a marketing tool. For the most part, homeowners use Zillow for information. That makes it a place you should stand out on, even if it’s not primarily used to find agents. If you set your profile up to stand out homeowners will contact you, either...
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...Financial Statement Analysis Project – Zillow, Inc. Part 1: Company Information What is your company’s name and ticker symbol? Zillow, Inc. (Z) What is your company’s most recent fiscal year end? December 31st, 2014 In what state is your company incorporated? Washington When was the company incorporated? December 13th, 2004 In what reportable segments or industries does your company operate? Sector: Internet and Software, Financial Industry: Data processing and preparation (SIC 7374), Data Processing, Hosting, & Related Services (NAICS 518210), Zillow, Inc. operates a real estate information marketplace dedicated to providing vital information about homes, real estate listings and mortgages and enabling homeowners, buyers, sellers and renters to connect with real estate and mortgage professionals. In what fiscal quarter does your company earn the most revenue? Zillow makes their most revenue during their fiscal fourth quarter. They gradually earn more revenue throughout the year (first quarter being the smallest). For the past 5 years, the fourth quarter has accounted for 29-31% of the yearly revenue stated on the annual income statement. What types of products and services does your company sell? Zillow serves the full lifecycle of owning and living in a home: buying, selling, renting, financing, remodeling and more. They operate under a living database of more than 110 million U.S. homes - including homes for sale, homes for rent and homes not...
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...changing their behavior or characteristics (Near& Miceli, 1995). Whistleblowers are normally having an educational background and have professional positions in the workplace. The whistleblower is intelligent as such can think through situations clearly and make concise decisions (Near& Miceli, 1985). They are pragmatic and will deal with situations in realistic ways rather than theoretical considerations. They are self-conscious hence not easily carried away by other people’s beliefs and attitudes. Whistleblowers are morally obligated to help others in the best possible manner. They have a high sense of morality (Near& Miceli, 1985). A former Zillow employee Chris Crocker sent an anonymous letter to realtor.com operator Move Inc. Crocker was the vice president of strategic partnerships in the company. In his letter, he alleged that Zillow was stealing data from agent websites and scrapes from realtor.com. Crocker indicated that he noticed unlawful practices from colleagues Mr. Samuelson and Mr. Beardsley in the organization. The letters content claimed that...
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...November 2015 Case Study Assignment 2 2.) Industry trends, competitor information, and markets trends are used in order to maintain an advantage over competition. These are the internal organizational information and external information used to create a unique product for its customers, in essence, they are using business intelligence to formulate a calculated strategy that benefits their customers. 4.) Accuracy, consistency, timeliness, completeness, and uniqueness are all pivotal with regard to high quality information. Accuracy is the most important information. Having an incorrect value of information can damage a company’s reputation. Firstly, Zillow cannot provide a dependable service if information...
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...Alma C. Gutierrez is our family realtor. Alma Gutierrez has helped my mother, cousin, and aunt purchase a home when the time was right for them. Alma Gutierrez has been doing real estate in the side for about 10 years. Alma Gutierrez target region is Orange County. Alma Gutierrez currently works for Prudential California Realty in Brea. Alma Gutierrez loves the reputation and brand recognition of Prudential California Realty. Prudential California Realty helps Alma Gutierrez when she has questions, concerns, and they also helped her invest in property; however, Alma’s biggest complain is that the broker keeps to much of the money and is really strict with all the paperwork. Alma Gutierrez is also a part time school counselor for Kraemer Middle...
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...of $8,000 tax credit for home buyers. What this helped was the ability to buy a house with money they didn’t have. This increased the demand for houses because those consumers, who were eligible to receive the tax credit, get extra money for buying a home and qualify for the loan. When it expired, people were unable to qualify any longer for those houses, putting the whole housing market in a downward spiral again. Currently there are an astounding number of new foreclosures. These foreclosures are drastically decreasing the price of a home. When the price of something goes down typically the demand will increase however in the current situation the demand is staying unchanged causing only the quantity demanded to change. According to Zillow, home values dropped in the first quarter by almost 3% compared to last year’s first quarter making it a consecutive 57 weeks of falling prices. The overwhelming surplus of homes on the market will continue to drive prices down until the “clearing price” is reached. The expectation for 2011 was unrealistic. The housing market was showing progress last year so economist expected the market to hit bottom late 2011. However, the $8,000 tax credit showed that the progress was short-lived. Once the tax credit expired the deprecation on the market began again and has continued to drop ever since. Stan Humphries, Zillow's chief economist believes “prices won't hit bottom before next year and expects they will fall by another 7% to 9%”. Doug...
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...1. Recommendation A. Valuation Technique #1: Sales Comparison The Sales Comparison Method uses data from the sale of properties with similar characteristics to establish a market value for property. The characteristics analyzed may include, but are not limited to neighborhood, square footage, number of bedrooms and bathrooms. Using the online real estate database Zillow, I was able to find nine recently sold comparable properties within close proximity to the property of 2712 P St. NW, Washington, DC 2007. B. Valuation Technique #2: Discount Cash Flow Analysis a. Best The scenerio illustrated below takes into consideration that the asking price for the subject property b. Most Likely c. Worst Risk Quantification E(r)= (.01)(.1085) + (.75)(.0342) + (.15)(-.1417) E(r)= .0152 E(r)= 1.52% Θ^2= (.1085)(.0152) ^2 (.01) + (.0342)(.0152)^2 (.75) + (-.1417)(.0152)^2 (.15) Θ^2= 0.00483284 Θ^2= √(0.00483284) Θ^2= 6.95% CV= 1.52/0.0695 CV= 4.56 Z-Score = -1/4.56 Z-Score= (0.22) P(Loss)= 41.32% The quantified risk in the purchase of 2712 P St. NW Washington, DC concludes that there is a 41.32% chance that you will receive a return on 100% of capital. Valuation Technique #3: Stagier Method The Stagier Method is a quick approach to finding the value of a property. The method...
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...many maintenance issues. For example a roof or landscaping, and often times if something does break there is a maintenance person on site that can fix it for you. I personally love condo living, getting to know your neighbors at the pool and the social aspect is certainly my favorite. Condos on the beach in Gulf Shores, Alabama are high demand real estate just as condos in downtown New Orleans. On average homes in America sell for 4% less than the listed price. How does one go about obtaining high demand real estate? You don’t want overpay, though you don’t want to insult the seller with a low offer and lose your chance at your dream property. I took a sample of 30, 2-3 bedroom condos on the beach in Gulf Shores, Alabama from the site Zillow. I found that often the listing/asking price was not far from the price sold, and in some cases the listing price was exceeded. In this study I will analyze the difference in the price listed versus the price sold of high...
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...Max Stickel Daniel Romero Kristine Mathiasen GS1145 October 22, 2015 Team Development Project Name | Max Stickel | Daniel Romero | Email | max.stickel@gmail.com | romerod8751@gmail.com | Phone # | 908-442-4154 | 720-636-4983 | Day/Time on campus | M: 6-11 T: 6-11 F: 6-10 | M: 6-11 T: 6-11 F: 6-10 | The cost of transportation from Denver to Boulder can get quite costly. Especially if you’re driving your own car. It is approximately 30 miles to get from Boulder to Denver, and with this being said the average fuel economy of cars by 2016 will have be “39 miles per gallon in cars and 30 mpg for trucks by 2016” (Obama With the commute from Denver to Boulder and Vice Versa companies are coming up with new ways to get qualified candidates from point - A to point - B. The average cost of gasoline in the Denver Metro area right now is a ball park range of $2.09 - $2.29 a gallon. The average mileage it is from Boulder to the Denver Metro area is roughly 60 miles to and from. Without traffic this leads to being a 40 minute drive however with traffic it can take anywhere from an hour and a half to 2 hours. The average cost of this commute as well in a car that hold typically 13.5 gallons worth of gasoline in the regular unleaded is around $28.22 - $30.91 on average a week. Add that up and the normal amount that you are spending for the month is $112.88 - $123.64. The reason we are discussing this as a topic is because most startup companies get tax credits when...
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...I'd like to know more about your skills, please send me a list of what you can do for me based on what I am looking for, here is a list of the items that I need to complete for my project, my business is a real estate and the systems I use are very friendly user however I need someone that can work fast pace, the tasks are as follows" 1. Website maintenance 2. Input listings/properties onto the MLS system with full description you must have good grammar skills 3. Promote my website on google and promote all of our listings in all social media FB,Tweeter, Linkden, zillow trulia, instagram, realtor.com, yahoo, craiglist, eBay, etc.. 4. Edit videos and pictures for professional exposure 5. Spinner: gather information and change the words around to be a new and unique blog, story, definition, and topics. 6. Graphic design for flyers and other pieces of marketing Search online to create the following blogs: 5. Financial Programs for first time buyers 6. Financial programs for 2nd home owners/Do you need 20% down payment to buy your second house? 7. Tax benefit on owning real estate 8. How to create wealth with real estate 9. What’s an escrow and what is their responsibilities when you are in a transaction 10. Other topics relating to real estate 11. What professional expert are talking about. 12. What’s a trust? 13. What is mortgage insurance? 14. Market conditions & statistics La County riverside & San Bernardino? 15. 5 thing not to do when...
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...The Right of Usage of Private Property Diana Vazquez University of Redlands Author Note This paper was prepared for Business, Ethics and Society, taught by Mr. Jensen Analytical Essay: The Right of Usage of Private Property The Right of Usage of Private Property. The city of Santa Monica, California is facing a dilemma, which is not unique to Santa Monica as this is a situation affecting other cities throughout Southern California as well as the rest of the United States. The question is, do private property owners have a right to freely rent or lease their property on a short term basis or does the local government have a right to institute laws and restrictions on private property owners wishing to rent or lease their property on a short term basis? What is private property? According to Business dictionary.com (2015), private property is… “Tangible and intangible things owned by individuals or firms over which their owners have exclusive and absolute legal rights, such as land, buildings, money, copyrights, patents, etc. Private property can be transferred only with its owner's consent, and by due process such as sale or gift.” John Locke was an influential English political philosopher who believed that God gave man the earth in common, meaning everyone had a right to it. That man had the right to use all that the earth produced, fruits, vegetables, water, animals… the necessities to maintain life and to allow human comfort. He believed that man was...
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...Professor Hodgdon AC405 11 November 2015 On September 21, 2015, Starwood Waypoint Residential Trust (SWAY) announced that it would be merging with Colony American Homes Inc. (CAHS) in an all-stock deal. These two entities are among the biggest landlords in the single-family residence renting industry. All of the details of the acquisition are disclosed in the PREM14A form that Starwood Waypoint filed with the SEC on September 21st, which I was able to utilize for most of my research. This merger should be classified as a statutory consolidation. In the proposed deal, Starwood Waypoint will merge with Colony by acquiring all of its outstanding shares. Colony investors’ shares will be converted into an aggregate of 64,869,583 common shares of the combined company which will be named “Colony Starwood Homes.” The resulting company’s shares will be listed and traded on the New York Stock Exchange under the ticker symbol “SFR” (single-family rental). Colony investors will form the majority of ownership of the new entity, holding approximately 59%, on a fully diluted basis. I think this is a great deal for Colony’s investors, as Starwood proposes that the increased scale and density of the new company will allow it to optimize operations and result in a reduction of operating costs, as well as provide many beneficial strategic and financial opportunities in its industry. Altogether the company will own over 30,000 homes, among an estimated total assets of $7.7 billion, and expect...
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...TABLE OF CONTENTS Introduction – Part 1 Retirement Analysis – Part 2 Retirement Property Investment Analysis – Part 3 Recommendations - Part 4 Appendix – MLS Brochures Introduction Team B of Investment Asset Managers Inc, has been tasked with a major project of preparing a recommendation of alternative residential retirement properties for a couple. The team intends of offering an option that will fulfill all of the couple’s needs, wants and within their yearly budget. Since the couple wishes to remain anonymous, Team B will work directly with their representative lawyer, Kenneth Strang. The team has determined that the work requested should take approximately 2 weeks and will includes four members at a full time rate of $30 per hour. Total cost for the project will be $9600. Team B’s members include Geoffrey Ramsay, Brett Sheppard, Wayne Johnson, and Michael Smith. Retirement Analysis 403 (b) Retirement payment options: Plan Option One: Investment: $277,770 Joint Lifetime Income With a 20-Year guarantee period (Also Known as Joint and Survivor With 20-Year Period Certain) and 100% continuing benefit to Survivor Monthly Payment for Owner: $1,291 Monthly Payment for Surviving Owner: $1,291 Minimum Payout: $309,840 What it means to you: This annuity provides income to you and another person (e.g., a spouse) for as long as either of you is alive. When one of you passes away, the survivor continues to receive income at 100% of the original amount. If you and...
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