Why do people save or "favorite" homes on Zillow, Redfin, etc?

[Anonymous]

I just like to follow the market in my DC neighborhood, which has had pretty healthy appreciation in the past 10 years. I get alerts when there's a price drop, open house, pending, and when it's finally sold.

[Anonymous]

Because I’m nosey

[Anonymous]

Usually to see what a house eventually sells for either because I like it or because it could be a comp for our house. Occasionally I save it as an inspo for decor or renovations. We are not looking to move so it has nothing to do with my actual interest to buy that house.

[Anonymous]

I do it because I'll never make enough money to buy a home but I still like to look.

[Anonymous]

Anonymous wrote:I favorite to see what it sells for.

+1 We’re in a small mile-square town and I favorite everything that’s for sale so I can keep track of the market.

[Anonymous]

1. Saw a house I really liked but not ready to buy (current house not on market yet) so I like to keep tabs.

2. A house I loved the renovations and decor l like to look back for inspiration.

[Anonymous]

Anonymous wrote:So, like many on this board, we are trying to sell in the slow market. Our home has been saved as a favorite by dozens of people but we're not getting much traffic. I realize neighbors might be saving the listing to watch for their own interest, but what about others? Waiting for the price to drop?

I.need.to.stop.looking.

I will do this when I like a house, but also when I like a house’s interior design it or aspects of the architecture.

[Anonymous]

Anonymous wrote:I have a TON of favorites on Redfin. I live in an up-an-coming DC neighborhood, so as soon as a house goes on the market, I favorite it so I get a notification when it sells. Often I'll favorite things that are WAYYYYY overpriced for the same reason.

If a dilapidated / abandoned house goes on the market and I've favorited it, I get a notification when it sells, and then I get another notification a few months later when it's flipped and back on the market for 3x the price. It feels good knowing my area is doing well and prices have increased substantially just in the last 18 months.

I thought they all came and went

[Anonymous]

Anonymous wrote:They like the paint, decor, layout etc. home renovation ideas

This! Don’t know if I’ve ever favorited a house but my contractor asked for specific examples of bathroom renovations and details so I’m always looking at same model/year houses as my current on Zillow.

[Anonymous]

Anonymous wrote:I like to favorite homes that are similar to ones I'm looking at. So that way I know what they sell for (how much less or over the price).

Now that I bought a house, I favorite ones in my neighborhood to see the sale price to compare it to mine.

I do this too. All the time, meaning almost every day.

[Anonymous]

Sorry, OP. We are tracking what homes eventually sell for.

[Anonymous]

This post is 10 years old.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For people waiting for price to drop, why? Why not just put in an offer for the price you're willing to pay? If a house has been sitting, it's not like you'll have competitors, and the seller would be more likely to consider your offer.

Because I want the sellers to feel really desperate and I want to know that it’s actually within reach without insulting them. Our house was originally listed for $550k and dropped to $530k and then to $520k. When we saw the $520k (yes, because we favorited on Redfin) price we jumped to to see it and I decided I wasn’t paying a penny over $500k for it. Guess what, at that point the house had been on the market for almost 2 months and they were extremely annoyed but we were the only solid offer they had. Had we offered $500k at the $550k or even $530k price point it wouldn’t have been taken seriously.

Well done, PP.

[Anonymous]

Anonymous wrote:I do it because I'll never make enough money to buy a home but I still like to look.

Same!!

[Anonymous]

Could be bots doing it?