When the average consumer is looking to price a house, where do they go? The answer is often Zillow. People want to know the value of their homes and they want to know what other homes are worth, and they immediately look at the Zillow estimates or Zestimate®.

Three years ago Zillow started Zillow Offers which was their iBuying arm of the business. Often Zillow would buy homes at premium prices with the goal of flipping the house and selling at a profit. Unfortunately for Zillow, things didn’t work out as planned…