Is Buying Zillow Mortgage Leads Worth It? Here’s A Comprehensive Analysis  

Wednesday May. 10th, 2023

 Zillow is one of the most popular online real estate marketplaces in the US, connecting millions of buyers and sellers with real estate agents and lenders. Zillow offers a variety of products and services to help consumers navigate the real estate market, including Zillow mortgage leads. These leads can be a valuable source of new business for mortgage professionals, but they also come at a cost. In this article, we will explore the concept of Zillow mortgage lead cost, how they work, and whether they are worth buying.
 

1. What are Zillow mortgage leads?

 
Zillow mortgage leads are leads generated by Zillow's online real estate marketplace. When potential homebuyers or sellers visit Zillow's website to search for homes or request information about a property, they may be prompted to provide their contact information. This information is then sold to mortgage professionals as Zillow mortgage leads. Mortgage professionals can use these leads to reach out to potential customers and offer their services.

2. How do Zillow mortgage leads work?

Zillow mortgage leads are sold on a cost-per-lead (CPL) basis. This means that mortgage professionals pay a predetermined amount for each lead they receive from Zillow. The cost per lead can vary depending on several factors, including the location of the lead, the type of lead (buyer or seller), and the number of other mortgage professionals competing for the same lead.

When a mortgage professional purchases a Zillow mortgage lead, they receive the lead's contact information, including their name, phone number, and email address. Mortgage professionals can then use this information to reach out to the lead and offer their services. It is important to note that Zillow mortgage leads are not exclusive, meaning that multiple mortgage professionals may purchase the same lead.

3. What are the benefits of buying Zillow mortgage leads?

One of the main benefits of buying Zillow mortgage leads is that they can be a valuable source of new business for mortgage professionals.
 
Zillow is one of the most popular real estate websites in the US, with millions of visitors each month. This means that there is a high potential for mortgage professionals to reach a large audience of potential customers through Zillow mortgage leads.
 
Another benefit of Zillow mortgage leads is that they can be a cost-effective way to generate new business. While the cost per lead can vary depending on several factors, Zillow mortgage leads are generally less expensive than other forms of advertising, such as print or radio ads.
 
4. How can mortgage professionals maximize the value of Zillow mortgage leads?
 
To maximize the value of Zillow mortgage leads, mortgage professionals should focus on building a strong relationship with the lead as quickly as possible. This can involve reaching out to the lead as soon as possible after receiving their contact information, offering personalized and timely communication, and providing valuable information and resources to the lead throughout the home buying process.

 
Additionally, mortgage professionals can increase their chances of success with Zillow mortgage leads by using a variety of marketing strategies, such as email marketing, social media marketing, and content marketing.
 
By providing helpful and informative content to potential customers, mortgage professionals can establish themselves as industry experts and build trust with their leads.
 
Mortgage professionals should also track and analyze their results with Zillow mortgage leads. By measuring the success of each lead and identifying areas for improvement, mortgage professionals can adjust their strategies and maximize their return on investment.
 
5. How can mortgage professionals evaluate the ROI of Zillow mortgage leads?
 
To evaluate the ROI of Zillow mortgage leads, mortgage professionals should track several key metrics, including the cost per lead, conversion rates, and customer acquisition costs. By measuring these metrics over time, mortgage professionals can determine whether Zillow mortgage leads are a cost-effective way to generate new business.

 
Mortgage professionals should also consider the lifetime value of their customers when evaluating the ROI of Zillow mortgage leads. While the cost per lead may be higher than other forms of advertising, the long-term value of a satisfied customer can be significant.
 
6. Are Zillow mortgage leads worth buying?
 
The answer to this question depends on several factors, including the mortgage professional's marketing strategy, budget, and target audience. Zillow mortgage leads can be a valuable source of new business for mortgage professionals, but they are not a one-size-fits-all solution.

Mortgage professionals who have a strong online presence and a targeted marketing strategy may be able to generate new business without the need for Zillow mortgage leads. On the other hand, mortgage professionals who are looking to expand their customer base and generate new leads may find value in purchasing Zillow mortgage leads.

Ultimately, the decision to purchase Zillow mortgage leads should be based on a careful analysis of the mortgage professional's specific needs and goals.
 
Takeaways
 
Zillow mortgage leads can be a valuable source of new business for mortgage professionals, but they come at a cost. Mortgage professionals should carefully evaluate the benefits and drawbacks of Zillow mortgage leads before making a purchase.
 
To maximize the value of Zillow mortgage leads, mortgage professionals should focus on building a strong relationship with the lead and using a variety of marketing strategies. They should also track and analyze their results to evaluate the ROI of their investment.