An email is sent out each day with new listings of homes for sale within my chosen ZIP code. If you’re watching the market out of curiosity, for yourself or for a client, this will augment that search with any new home entered on Zillow, by either an agent or a homeowner.
I recently asked them how they came up with this and learned that they developed a property notification application for one of their clients to allow them to target any ZIP Code in the country, looking for new listings of properties that may not show up in the MLS. In particular, in the current buyers market, their client was looking for properties that were being offered at a price substantially below calculated estimates for potential acquisition. As part of their contract with this client, they’re allowed to market this service on a “pay per ZIP” basis. They plan to charge $5 per zip code.
They’re soliciting any input as to the whether this is a useful service that provides value, and how to best present this to potential customers, so for a short time, they’re offering this service for free!
Just send your target zipcode to: special@eTerraFind.com
I’ve been receiving their emails now for several weeks, and it’s a useful and easy way to keep up with new listings of homes for sale by owner, not necessarily listed on the MLS.