HotPads is an online platform for home buyers and sellers to search, compare, and schedule showings with local real estate professionals, as well as for agents to manage their listings. It was founded in 2006, spun off from the Zillow website in 2014, and is now part of the Zillow family of brands.
Zillow was one of the first real estate listing and search websites, and it has been a popular resource for many years.
As part of the Zillow Group, HotPads is owned by Zillow, an online real estate marketplace. The company was originally created as a platform for buying and selling homes. It later expanded to include the listing of commercial and multi-family properties.
Zillow purchased the HotPads website in 2016.
No, HotPads is still an independently owned company. While Zillow purchased the website in 2016, the company still has its headquarters in Seattle. The website’s new owner, Zillow Labs, is a division of Zillow and works on the company’s innovative, mission-driven research.
The purchase included the ability to integrate listings with Zillow's site, as well as the ability to use Zillow's data and tools to help consumers find a new home.
The purchase also includes the purchase of Zillow's competitor, the online marketplace known as HotPads. HotPads allows users to search for listings in their area and receive customized information about the properties, including a summary of the listing, the asking price and the number of days on the market. To make a purchase, a buyer must verify that they own the house and must pay a mortgage contingency.
For the most part, the two sites continue to operate as separate entities.
The short answer is no. While neither Zillow or Trulia technically owned HotPads, the real estate listing website did control the advertising business on the site. This allowed Zillow to charge a commission to each listing agent who advertised their listings on HotPads. This change was made in late 2017.
However, the two companies are working together to strengthen the real estate experience for consumers.
Zillow is the first company to list a home on the HotPads platform. However, the two companies are working together to strengthen the real estate experience for consumers. Currently, if you want to search for a house listed on HotPads, you will need to enter your information on Zillow. Likewise, if you are searching for a house listed on Zillow, you will need to enter that information on HotPads. This allows both companies to gather valuable data on your preferences and helps them better understand what homes you like best.
Zillow is also working to integrate its technology with HotPads so that it can provide consumers with even more coverage of their homes.
Zillow is a privately held real estate company headquartered in Seattle, Washington. The company was founded in 2006 by two former Microsoft employees, Avram Segal and Rich Barton. Zillow has raised $1.3 billion in venture capital to date.
In the future, Zillow may integrate other home listings into its platform, which could give its listings a boost.
Similar to how the company has licensed its Zestimates to other platforms, Zillow may one day own the listings on its Zestimates platform. This would give its listings an added boost. The company is likely to only buy up listings that provide a lot of value to its users. If you’re wondering whether Zillow is planning to own its Zestimates listings, keep an eye on the website to find out.
Conclusion
Zillow is the parent company of HotPads, although the two are distinct companies. HotPads is a vacation rental marketplace that connects homeowners with renters. As of May 2019, Zillow had a portfolio of around 400,000 listings, and the company is adding around 10,000 new properties per year.
Related Links
How do I find local apartment listings?How do you use HotPads?