In a significant move aimed at promoting fair competition within the online real estate marketplace, CoStar Group’s CEO, Andy Florance, has revealed that the company will offer its Homes.com Boost marketing tool at no cost for listings that have been banned by major platforms like Zillow and Redfin. This decision underscores CoStar’s commitment to empowering real estate professionals and ensuring that their listings receive visibility, irrespective of the challenges posed by dominant industry players. The Boost tool is designed to enhance the exposure of property listings, allowing real estate agents and sellers to connect with potential buyers without the financial constraints typically associated with high-traffic marketing platforms.
This bold initiative reflects a strategic shift in the competitive landscape of real estate marketing, emphasizing the need for alternatives that champion a level playing field. With Zillow and Redfin wielding considerable influence over market accessibility, CoStar’s offering is poised to disrupt the status quo. The move not only positions Homes.com as a viable competitor in the industry but also aims to alleviate barriers faced by professionals who might otherwise struggle to market their properties effectively. Overall, this initiative could signal a new era of equitable marketing practices within the real estate sector, fostering increased choice for both agents and consumers.
**Key Points:**
– **Free Marketing Tool:** Homes.com will provide its Boost marketing tool at no charge for listings banned by competitors.
– **Empowerment of Real Estate Professionals:** The initiative aims to enhance visibility for agents and sellers, regardless of their challenges with larger platforms.
– **Strategic Competitive Move:** This offering is a concerted effort to alter the competitive dynamics in real estate marketing, positioning Homes.com as an alternative to Zillow and Redfin.
– **Focus on Equity:** The initiative is designed to level the playing field for real estate professionals by providing free tools for property exposure.
– **Potential Industry Disruption:** CoStar’s announcement may lead to increased competition in the marketplace, benefiting both agents and consumers through improved access and options.
You can read this full article at: https://www.housingwire.com/articles/homes-com-to-boost-listings-banned-by-zillow-redfin/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
