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Zupdates? Zhanges? Zillow's new features

By
Real Estate Agent with Bay Valley Real Estate

I don't post my full posts here because I've been told it isn't good for the SEO of my site. So, for the full post, please go to my site, mauryproperties.com/blog.

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I won't go into this too much, since Zillow's changes have been talked about all over the web, but I'll mention it anyway. There are posts all over for more details and I a few good links on my full post.

Anyway, Here is a basic rundown of the changes.

- "Make Me Move" - Allows homeowners to post a price on their home that will make them move. It's pretty much like a "Buy It Now" price on Ebay.

- Listings - Homeowners and agents can post homes for sale.

- Real Estate Wiki - Zillow has added a Wiki section to the site, which should develop into a great resource for buyers and sellers as more articles are written. I'm sure many blog writers will be adding to it.

- Search changes - When searching, the homes with a "Make Me Move" price or homes that are simply for sale, will have signs next to them. 

These are certainly some big changes, and it has certainly gained a lot of attention in the blogging world already. For any of these features to be valuable, the use will need to be pretty widespread - which is something they've done before. Some questions that I have are:

-Will "Make Me Move" prices be anything close to realistic?
-Even if they are somewhat realistic, I imagine that those "Make Me Move" prices will generally be above the market value - will buyers be willing to acknowledge this and still buy the home?
-Thinking about new developments that haven't yet made it into the Zillow database - will users be able to add these for sale?