Ownerly vs. Zillow: A Comprehensive Comparison
When seeking property information, many turn to platforms like Ownerly and Zillow. Both services offer distinct features and capabilities, making them valuable resources for home buyers, sellers, and landlords alike. Understanding the advantages and disadvantages of each can help you select the most suitable option for your needs.
Overview of Each Platform
Ownerly
Ownerly focuses primarily on providing detailed data for individual properties, including current and historical information, as well as property value estimates. This platform caters especially to homeowners looking for specific property details.
Zillow
Zillow operates on a broader scale by connecting buyers, sellers, renters, and landlords. It offers comprehensive services, including property listings, financing tools, and resource guides, making it a more versatile platform.
Feature Comparison
Key Features
| Feature | Ownerly | Zillow |
|---|---|---|
| Starting Price | $37.99/month (after a $1 trial) | Free |
| Property Value Estimates | Yes | Yes |
| Property Listings & Neighborhood Data | Yes | Yes |
| Rental Property Management | No | Yes |
| Home Financing Tools | Limited | Yes |
| Home Buying Resources | Limited | Comprehensive |
When to Use Each Service
Use Cases for Ownerly
- Access detailed property value estimates
- Research historical sales data
- Identify previous owners and property demographics
- Examine natural hazard data related to properties
Use Cases for Zillow
- Connect with real estate agents and lenders
- Research and compare property listings
- Manage rental properties and applications
- Access financing calculators and resources
Pricing Structure
Ownerly Pricing
Ownerly offers a $1 trial for 7 days, allowing users access to up to 25 property reports. Following this period, the standard price rises to $37.99 monthly.
Zillow Pricing
Zillow is primarily free to use, allowing users to access property listings and estimates without charge. Landlords can list rental properties for free or opt for a $29.99 premium service for enhanced visibility in search results.
Property Value Estimates
Ownerly’s Approach
Ownerly employs automated valuation models (AVMs) to estimate property values. While the methodology is not explicitly detailed, AVMs generally consider various data points, such as recent sales prices of similar properties.
Zillow’s Approach
Zillow’s valuation tool, called Zestimate, utilizes publicly available information along with user-submitted data. Zillow reports that its median error rate is 1.94% for on-market homes, underscoring its reliability in providing estimates.
Rental Management and Financing Tools
Ownerly’s Limitations
Ownerly does not offer rental management tools, making it less suitable for landlords seeking comprehensive property management solutions.
Zillow’s Comprehensive Services
Zillow provides various rental management services, including tenant screening, lease agreement creation, and payment collection solutions, making it a preferred choice among landlords.
Conclusion
Both Ownerly and Zillow serve as valuable tools for different segments of the real estate market. While Ownerly excels in providing in-depth property data beneficial for individual homeowners, Zillow provides a broader range of services, including rental management and financing options. Your specific needs will determine which platform is the best fit for you.
Have you had experience with either Ownerly or Zillow? We invite you to share your thoughts in the comments section!