The world of real estate has witnessed a significant shift in recent years, with technology transforming how properties are bought and sold. Platforms like Ownerly and Zillow have emerged as prominent players in this digital revolution, providing innovative solutions to property owners and prospective buyers.
In this article, we have discussed Ownerly and Zillow and a brief comparison between Ownerly and Zillow.
What is Ownerly?
Ownerly is a platform designed to assist homeowners in various aspects of their property. It helps you determine the value of your home, provides information on tax records and sale prices, and allows you to access other real estate details.
Additionally, Ownerly offers insights on personal loan providers, estimated renovation costs, mortgage and refinancing rates, insurance policies, and local sales. Through its app, you can conveniently view recent sales in your area, receive notifications about updates to your home’s value, and track your home’s appreciation and value history. By consolidating all this information in one place, Ownerly simplifies the search process and saves you time.
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What is Zillow?
Zillow is a comprehensive online marketplace for real estate transactions. Whether you want to buy, sell, or rent a home, Zillow provides a range of resources and tools unique to its platform. Through its website and app, Zillow offers the largest collection of property listings and keeps them constantly updated. It provides 3D home tours, allowing you to visualize yourself in a potential home.
Additionally, you can take self-guided tours for Zillow-owned properties without any pressure or appointments. Zillow also offers a personal rental profile feature, enabling you to explore house rentals and directly connect with landlords and homeowners renting out their properties. Moreover, Zillow’s Rental Manager tool allows renters to pay their rent online conveniently. However, please note that there is a transaction fee when paying with a credit or debit card.
Ownerly vs Zillow
| Comparison | Ownerly | Zillow |
|---|---|---|
| Primary Focus | Property management and empowerment of owners | Property search and valuation |
| Features | Property management, financial reporting, market insights, tenant communication | Extensive property listings, Zestimate tool for property valuation |
| Target Audience | Property owners | Prospective buyers and sellers |
| User Interface | User-friendly and intuitive | User-friendly and intuitive |
| Property Management | Yes | Yes |
| Property Search and Listings | No | Yes |
| Market Insights | Yes | No |
| Property Valuation | No | Yes |
While Zillow and Ownerly offer real estate-related services, there are significant differences in their pricing, geographic coverage, areas of focus, and specific services.
Ownerly specializes in assisting homeowners with selling their homes without the need for a traditional real estate agent. On the other hand, Zillow provides Agent Finder, which helps users locate real estate agents in their area and offers assistance with buying, renting, and mortgage lending.
Regarding pricing, Ownerly charges a fee to access its services, while Zillow only requires a one-time application fee and generates revenue through advertising. Despite their differences, both Zillow and Ownerly facilitate buying and selling homes. The choice between the two services will depend entirely on your individual requirements and needs.
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Price difference
Ownerly
Ownerly offers a subscription-based service with a pricing structure with a seven-day free trial period. The trial period requires payment of $1 to $5, depending on the chosen plan. Each plan allows you to check up to 25 addresses, and the more expensive plan grants you the ability to download reports in PDF format.
After the trial period, your subscription plan will automatically renew for $29.99 per month, plus applicable taxes. This renewal grants you access to another 25 reports every month.
When selling a house, there are common expenses to consider. These expenses include brokerage commissions, typically set at 3% to 6% of the cost of your home. Additionally, closing costs and costs are associated with preparing the house for sale.
Zillow
Zillow has no subscription fees, but it requires a one-time purchase of a $29 application fee. This fee allows you to use Zillow for any participating rentals for a period of 30 days. It’s important to note that you will not be automatically charged at the end of the 30-day period.
When selling a home through Zillow, there are various costs to consider. These include standard closing costs, expenses related to preparing the home for sale, potential concessions offered to buyers, and relocating your belongings.
Regarding closing costs, Zillow charges up to 6% in commissions and an additional 2% to 4% for property taxes, transfer taxes, and other real estate fees. You can visit a specific page on their platform for more detailed information about the cost of selling a house.
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