Episode 217

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Published on:

19th Apr 2021

Breaking News - What will be the impact of CoStar buying Homes.com?

If you thought Zillow was taking over, now we’re adding CoStar to the list.

With the announcement of CoStar buying Homes.com for $156 million, it’s clear the real estate industry is shifting. CoStar is a publicly-traded real estate technology firm. They mostly focus on the commercial side of the business and first entered the residential side of the business with Apartments.com going toe-to-toe with Zillow in the rental market.

It’s speculated that one of the reasons why CoStar is getting into the residential space as they are is because of the flurry of lawsuits coming out about transparency and commissions. CoStar is thinking there may be significant changes with the data so they’re positioning themselves in an Agent-friendly way. It’s possible that the purchase of Homes.com is to allow the everyday consumer to directly list their homes, to basically “get rid of” Agents. This forces Agents to really step up their game and expressing the worth of Agents. Or maybe the long-term strategy to be a competitor on the MLS?

Listen in as Jeff and Phil share their insight as to why CoStar made this move to buy Homes.com and what they think this means to the future of Real Estate and how it could potentially affect what’s going to be decided in the next 20-25 years.

Learn more about the National Association of Real Estate Teams: https://realestateleopard.com/

#realestate #realestatetips #coaching #realestatecoaching #realtor #realestateagent #realestateindustry

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About the Podcast

The Solution a Real Estate Podcast

Marketing strategies, industry news, and everything that has gone into building the #1 Agent in Phoenix-Metro according to the Phoenix Biz Journal

The Solution - A Real Estate Podcast is brought to you by Jeff Sibbach and Phil Sexton with the Sibbach Team, a team that's achieved over $392 Million in sales last year, with Jeff alone doing close to $100 Million.

Featuring real estate industry news, technology, and marketing tips so you can learn how you can transform your real estate business.

Join the conversation and learn more about getting into real estate: https://www.agenttruth.com/

#realestate #realestatetips #coaching #realestatecoaching #realtor #realestateagent #realestateindustry

About your hosts

Jeff Sibbach

In 2018 Jeff was ranked the #1 Agent in Phoenix-Metro by the Phoenix Business Journal. Jeff Sibbach was ranked in the Top 1/10 of 1% in Maricopa County for sales volume in 2018 and in the Top 1% 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, and 2013, 2014, 2015, 2016, 2017, 2018, and 2019. In 2014, 2015, and 2016, 2017 the Sibbach Team was voted #1 Real Estate Team in Arizona by consumers via Ranking Arizona.

Jeff lives, breathes, and eats real estate. The Sibbach Team is a market leader. We are real estate market experts that focus on delivering the best service in the industry to buyers and sellers. Jeff wants to earn your business today and forever so you will be treated like it. He built a team that understands technology and how to use it to sell houses faster and for 5.3% more, and deliver great service doing so. Jeff was also the only Arizona realtor to be named a finalist as the “Most Innovative Real Estate Sales Person of 2016” by Inman, and was named a finalist as the “Most Innovative Real Estate Team of 2017 and 2018”.

Phil Sexton

Co-Owner of the Sibbach Team at eXp Realty. Phil Sexton has held his Arizona real estate license since 2006. After leaving a corporate Director of Marketing position, he joined forces with Jeff Sibbach in 2012. Since then, they have grown the Sibbach Team’s yearly sales volume by 1,700% to over $276 million in 2020.

He’s a Lumberjack! Graduated from the Northern Arizona University where he studied marketing and customer service. Now he lives in North Scottsdale with his smokin’ hot wife and three kids.

He gets a kick out of public speaking and has been a featured speaker at Inman Conferences, National Association of REALTORS® Conferences, and Arizona REALTORS® Conferences.