If you're interested in the red-hot real estate market (or just curious about the value of your home and your neighbours!), Zillow.com has potential to become a valuable tool to quickly find the value of more than 40 million homes in the U.S. It's easy to use and provides information that used to be available to real estate agents. Using the clean and easy interface (there's no requirement to register), a search of a U.S. address produces a home's value, details (# of bedrooms, bathrooms, square footage, lot size etc.) and the value of comparable homes. A beta version of Zillow.com launched today, although you may have some trouble accessing it due to high traffic volume. The company, started by a group of ex-Expedia.com executives including CEO Rich Barton, said the beta is "just the first step in our long-term mission to empower everyone with information and tools to help them take control of the scary, frustrating and exciting process of buying and selling a home". As for the all-important question of how Zillow plans to make money, it will be from advertising. The company has raised $32-million in venture capital
P.S. How about expanding Zillow into Canada? We need some competition for the Multiple Listing Service!
Update: The domain Zillow.ca is owned by Stuart MacDonald, who started Expedia.ca before becoming senior vice-president of marketing for Expedia.com.
