First, it was Active Rain being bought out by Trulia. Now, it is Zillow buying Trulia. It has been announced that 3.5 billion in stock is the price of this company and the ink will soon be dry.
How will this affect us? As Rainers, and as agents and brokers, nobody really knows.
It is the talk of the industry right now. Things are changing. It seems the big guys get bigger and the small guys disappear. The old familiar saying, the rich get richer, poor get poorer.
The problem I have with this, is Zillow always seems to have so many errors. I have clients mention properties to me often that sold years ago and they think it is still for sale because they saw it on Zillow. Or old photos of a home before it was renovated years before still showing up. Zillow is rarely accurate in our area and I tell my clients not to pay attention to it.
Now, they will be controlling a lot more. They don't do a good job now, what will it be like later. I guess that means job security for me, so the clients can get accurate information.
RICKI EICHLER REAL ESTATE 2916 Memorial Blvd Kerrville, Tx 78028
(830)257-2520 www.reretx.com
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