Zillow your house…
February 9, 2006
and your neighbor’s house… and your parent’s house… and your friends’ houses!
My old Microsoft officemate, Nate, quit last year and told me he was joining up at Zillow, a new startup funded by some of the original Expedia people. At the time, all he could tell me was that it was something to do with real estate and I didn’t think much of it. Well… it launched yesterday and all I have to say is: wow!
Since we started playing with it in the office, everyone has spent at least 20 minutes zillowing their house and any other houses they have addresses for. Sitting next to me, Dan has been zillowing Bill Gates’s house and Larry Ellison’s house; it’s a voyeur’s dream!
The place I’m currently renting is worth $750k (pretty much dead on I think) and the place I used to live in downtown San Francisco is appraised at $820k (also dead on given the recent selling prices of units in the same building). Which just highlights how ridiculous house prices are here in the Bay Area – and what a bargain renting is. If I bought my place, the mortgage would be $5000 / mo + $7500 a year in property taxes, but I currently pay only $2300 / mo in rent…
Last night at 106 miles, people were debating between whether to release early and often, or to go stealth and create a product that will wow the end-user. Well, score one for the stealth mode camp; IMO, Zillow delivered huge 🙂