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Zillow Can Get Your Client Pre Approved in Minutes...NOT

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Real Estate Sales Representative with Elite Agents 625409

Zillow announced today that they will be offering clients a loan pre-approval in just a few minutes. Does anyone else see the error in the message being sent out to the public?  Talk about creating unrealistic expectations! 

How many of you would tell your sellers to accept an offer accompanied by a pre-approval written in minutes with Zillow? 

 

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C.J. Johnson, New Home Consultant

Email: cj@800cjsells.com

Toll Free: 1 (800) CJSELLS

Phone: (210) 844-2121

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Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

C.J.-i imagine the Zillow pre-approval, backed by some national lender, uses some sort of model like other lenders. Probably no weaker than other initial screens. But that means it's no better than other screens either.

Jun 07, 2014 08:15 AM