SOURCE: ZipRealty


September 01, 2009 10:10 ET

ZipRealty Launches New Online "Seller Tools" to Reveal Local Commission Rates and Active Buyer Volume

EMERYVILLE, CA--(Marketwire - September 1, 2009) - Homeowners looking to sell their homes can now quickly and easily get a snapshot of the current, local real estate sales commission rates in their area, as well as see the number of active buyers shopping for homes in their neighborhood, thanks to a new suite of online tools recently launched by ZipRealty (NASDAQ: ZIPR) (

ZipRealty, a full service residential real estate brokerage whose Web site provides access to MLS-listed homes, is a popular online destination for home buyers and has amped up its offerings for sellers with the following new features:

--  Cost of Selling -- Not sure whether the typical local sales commission
    for real estate agents is still 6 percent, or closer to 5.25 percent? Or is
    it even lower now? Type in your ZIP code and find out within seconds what
    homeowners in your area are offering to real estate agents who bring a
    buyer for their home based on buy side commission rates in that ZIP code as
    reported in the MLS.
--  Buyer Match -- Considering selling your home but not sure anyone is
    even looking in your area? Get a field check on the market by typing in
    your ZIP code to immediately see the number of active ZipRealty users who
    have searched for houses in your home's neighborhood within the last nine
--  Price My House -- Not sure what your home might be worth in today's
    market? Enter your address and get three estimates, instantly and free.
    ZipRealty provides home estimates from three third-party sources:  Zillow
    (Zestimate), Cyberhomes and eppraisal.

"As a homeowner considering the sale of a home, having all the information you need about the local market, from the costs to sell, to the estimated value of your home, and who's shopping in your area is invaluable in making informed decisions," said Pat Lashinsky, chief executive officer for ZipRealty. "These new seller tools help provide that information for consumers and are a further extension of ZipRealty's commitment to transparency and innovative, useful tools for our clients in this important life decision."

Sellers can access these features and more seller tools at

About ZipRealty

ZipRealty is a full-service residential real estate brokerage firm and operator of a leading residential real estate website. The Company utilizes its user-friendly website and employee real estate agents to provide home-buyers and sellers with high-quality service and value. ZipRealty's website provides users with access to comprehensive local Multiple Listing Services home listings data, as well as other relevant market and neighborhood information. The Company's proprietary business management system and technology platform help to improve productivity and reduce costs, allowing the Company to pass on significant savings to consumers as permitted by law. Founded in 1999, the Company operates in 36 major markets in 22 states and the District of Columbia. For more information on ZipRealty, visit or call 1-800-CALL-ZIP.

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