My prediction: Amazon will acquire Zillow and anyone else

By
Industry Observer with Paratex

Good afternoon all! I'm going out on a limb here. Most of you are probably aware of Amazon's announcement to enter the real estate marketplace. It will be interesting to see what form that takes.

I remember when BoA acquired Countrywide Home Loans. I predicted it and was actually interviewed by Inman. Back in the day!

Now I think the time is ripe for Amazon to acquire other real estate based entities. Both Zillow and Redfin have a model that Amazon might be interested in.

For some, Amazon is the 800 pound gorilla. They definitely understand the current customer and the need for quick delivery. How does that translate to real estate? I don't know but an agent who is savvy online will prosper in my opinion.

I say embrace the new  and of course welcome your comments here. Have a great day!

Posted by

Paul McFadden

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Rainmaker
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Paul McFadden - I think you would be the perfect person to write a Year In Review story on the Real Estate Industry. 2017 has been the year of many BIG gorilla stories, hasn't it!

Dec 08, 2017 05:22 PM #25
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Paul McFadden
Paratex - Seattle, WA
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Thanks Patricia. That's very kind of you!

Dec 09, 2017 09:48 AM #26
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I am waiting and watching. Not sure Amazon has has that in their market plan.

Jan 24, 2018 06:25 PM #27
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Paul McFadden
Paratex - Seattle, WA
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Not immediately Debbie although I read they're working real estate related stuff. I don't think Zillow and Redfin can survive without being acquired. They are hemoraghing money.

Jan 24, 2018 06:30 PM #28
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
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I hope you will soon come back to sharing more of your insights with all of us. 

Feb 06, 2018 08:39 PM #29
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Paul McFadden
Paratex - Seattle, WA
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Debbie:It's a work in progress. No new news yet. Thanks!

Feb 07, 2018 06:21 AM #30
Rainmaker
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Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

It would be interesting to see what would come of a merger like this.

Feb 12, 2018 01:02 PM #31
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Paul McFadden
Paratex - Seattle, WA
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Georgie: Thanks for commenting. Although both Zillow and Redfin are public companies and have good models they are also hemmoraging money. Who knows if they survive without a merger. Amazon seems to be doing everything right these days. Have a great day!

Feb 12, 2018 01:07 PM #32
Rainmaker
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Paul McFadden - I do believe the handwriting is on the wall and the way we do business will change in ways most agents couldn't believe. Do you think the threat of a monopoly is possible? 

Feb 27, 2018 10:04 AM #33
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Paul McFadden
Paratex - Seattle, WA
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Indeed Patricia. People need to adapt or die. Thanks!

Feb 27, 2018 11:55 AM #34
Rainmaker
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

All I can say, Paul McFadden ... is how did that Countrywide acquisition go for BofA??  Amazon beware??

Gene

Mar 02, 2018 01:38 PM #35
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Paul McFadden
Paratex - Seattle, WA
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It appears Amazon has it all figured out right now. Technology is where it's at. Thanks friend!

Mar 03, 2018 07:46 AM #36
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Yolanda Cordova-Gilbert
Richmond, TX

Paul,

 I think you need to blog more your posts are good we just need more of them! I hope you have a great Easter weekend!

Mar 30, 2018 02:19 PM #37
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Paul McFadden
Paratex - Seattle, WA
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Thanks Yolanda. I wish I had more time! You have a great Easter too!

Mar 30, 2018 08:58 PM #38
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hello Paul McFadden .  Amazon is such a strong presence, I wouldn't be surprised if they entered RE at some level. Thanks for the post.

Apr 23, 2018 07:16 AM #39
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Paul McFadden
Paratex - Seattle, WA
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Yes they are. For now. I just finished reading "The Third Wave by Steve Case, founder of AOL. He mentions some interesting stuff. The next wave will shepherd in new start ups as well. Stay tuned!

Apr 23, 2018 08:11 AM #40
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Paul I love your post and no I do not agree with you the Egos at Z will not sell vs.Red... will be open to it...  the end result I love the new attitude and the revolution that is taking place in the Realtor Community so with that said... I do not believe it will be a wise investment on buying either one of them... but so what Jeff B has so much money it will not hurt him if he buys a lemon...Endre

May 18, 2018 09:53 PM #41
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Paul McFadden
Paratex - Seattle, WA
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Thanks Endre. I don't believe the Redfin and Zillow models work unless they can start turning a profit. Automization is the new wave and Amazon seems to have it figured out right now. Interesting how they gambled or predicted the trend. The next generation loves their model. Have a great day!

May 19, 2018 10:15 AM #42
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I was looking for your current blog posts. I hope all is going well for you.

May 20, 2018 08:47 AM #43
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Paul McFadden
Paratex - Seattle, WA
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I wish I had more time. I'll see if I can carve some out. Thanks Roy!

May 20, 2018 08:50 AM #44
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