{"id":343600,"date":"2021-09-24T02:47:54","date_gmt":"2021-09-23T23:47:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/zillow-exposed-tiktoker-presents-nefarious-theory-and-everyones-talking-about-it\/"},"modified":"2021-09-24T02:47:54","modified_gmt":"2021-09-23T23:47:54","slug":"zillow-exposed-tiktoker-presents-nefarious-theory-and-everyones-talking-about-it","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/zillow-exposed-tiktoker-presents-nefarious-theory-and-everyones-talking-about-it\/","title":{"rendered":"#Zillow Exposed?! TikToker Presents Nefarious Theory And Everyone\u2019s Talking About It!"},"content":{"rendered":"

“#Zillow Exposed?! TikToker Presents Nefarious Theory And Everyone\u2019s Talking About It!
\n<\/strong>”<\/p>\n

\nA certain online real estate marketplace company that may or may not start with the letter Z and rhymes with willow may or may not have some explaining to do\u2026<\/p>\n

Hopping on TikTok<\/strong> last week, a longtime real estate agent named Sean Gotcher<\/strong> took the time to present a theory that, if true, would expose alleged manipulations of the market for an unnamed company\u2019s personal gain. In the viral video, he dropped a hypothetical scenario in which the business that \u201ceverybody used and everybody knew of to look for new houses\u201d starts purchasing homes in a neighborhood at a significantly less price than what the place may actually cost. He explained:<\/p>\n

\u201cSo that company they just sit back, and they just collect all that data. They just know what zip code is looking at what zip code and how much those people can afford. Everyone\u2019s looking at this one zip code. Everybody seems to be able to afford this certain amount, and let\u2019s say that billion-dollar company uses that information to go into that zip code and start purchasing houses because the people that are selling their houses even though they sell it for a little bit less sometimes than what the home could actually be worth, and they pay these high fees to this billion-dollar company. It\u2019s a convenience factor. So this company is scooping up houses for less than what they actually could cost.\u201d<\/p>\n<\/blockquote>\n

Related: Mexican TV Host On The Run After Allegedly Embezzling $146 MILLION! <\/strong><\/p>\n

Gotcher then provided an example, saying that the company allegedly picked up several homes in a specific location for $300,000. However, after buying 30 houses, the company willingly shells out $340,000 for a similar pad, which inevitability boosts the value of the other residences in the neighborhood:<\/p>\n

\u201cWhat that just did is create a new comp, so when they go to see these other 30 homes, that extra $40,000, you can say this one just sold for $340,000, just made them $1.2 million off that one neighbor because they know from their research how much people can afford in that zip code.\u201d<\/p>\n<\/blockquote>\n

Mind blown! FYI, real estate comps are recently sold places that are similar to the property someone\u2019s trying to either buy or sell based on the location, size, condition, and features. Comps are often used to determine the home\u2019s market value through the sales of another property. So what Gotcher is basically getting at here is that the big corporation is fixing prices for more profit by inflating the comps. Ch-ch-check out the entire wild theory (below):<\/p>\n

\n
@seangotcher<\/a>
\n#housing<\/a><\/p>\n

\u266c San Tropez \u2013 Illect Recordings<\/a> <\/p>\n<\/section>\n<\/blockquote>\n