By Matt Quarte, Eric Malitsky, Mike Swisher, and Tom Hadala
The Creation <ul><li>It was created by Rich Barton and Lloyd Frink the President and Vice-President of Expedia.com </li></ul><ul><li>Frink got the idea after spending hours at his computer searching homes, inputting information into a spreadsheet and doing complex calculations to determine home values. </li></ul>
What It Does <ul><li>Zillow allows you to search home values and view information about homes and their locations. </li></ul>
Information It Provides Home Information Demographic Information
Web 2.0 <ul><li>Zillow has interactive maps that you can search and move similar to the way Google Earth is used. </li></ul><ul><li>There are also discussions boards that have various topics on buying and selling homes and home estimates. </li></ul>
Why We Chose It <ul><li>We chose zillow.com because we believe that Web 2.0 is more important for its ability to provide actual, tangible services rather than simply social networking. Zillow can be a very useful tool in the real estate business or for personal use. If you are looking for a home in a certain area the interactive map allows you to see how many houses are in the neighborhood, what commercial areas are in the neighborhood, what the land is like surrounding the house, and other details that you wouldn’t be able to find out unless you physically visited the house. The possibilities for scavenging around are endless. </li></ul>
Profits <ul><li>It’s free to use zillow.com and it is free to post your house for sale on this website. They make all their money from on-page advertising. </li></ul>
The Next Big Thing <ul><li>We have no doubt that Zillow has a chance to be a really big thing, if it isn’t already. It’s not going to produce a ton of buzz because it’s targeted for older people who are looking to buy or sell their homes (so don’t expect it to generate talk like Facebook). But in the real estate world this clearly has a chance to be very popular because of how useful, interactive, and easy it is to use. Also, the creators are the same pair who started Expedia.com, which is a well-known online travel company that advertises on television. Therefore, the company clearly has legitimacy and credit to its name. </li></ul>
Ease of Use <ul><li>Zillow is extremely easy to use. It combines map searches similar to that of Mapquest with home information similar to that of Homes.com. </li></ul>
Other Websites <ul><li>Domania provides the same information, but you pay a fee to view it. </li></ul><ul><li>Homes.com gives you information only on houses for sale. </li></ul><ul><li>Housevalues.com forces you to give information just to be able to search. </li></ul><ul><li>Realestate.com gives a map with the search, but only lists houses for sale. </li></ul>
What We Wish It Did <ul><li>Most of the houses on Zillow have few pictures, even the ones for sale. We thought it would be helpful if the site gave more pictures. </li></ul><ul><li>It would be even better if the real estate companies could post pictures or virtual tours of the house that are listed on their own website. </li></ul>
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