Zillow to acquire Trulia, consolidation Good or Bad for the industry?

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Real Estate Agent with Peachtree Realty Group, LLC 163226

News flash just now on CNN.com that Zillow is acquiring Trulia for 3.5 Billion dollars. Do you think this consolidation is good or bad for the real estate industry, will it stay business as usual or change dramatically? What do think about it? Zillow is saying that both brands will remain intact for now. I wonder if there are any other suitors out there? Seems like a rich price for it.

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 Serving the Woodstock, Canton, Acworth, KennesawMarietta and Roswell real estate markets for single family homes, townhomes, and condominiums.

 

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David Karp

The Karp Team

Peachtree Realty Group, LLC

Woodstock, GA

404-419-6244 x100

www.peachtreerealtygroup.com

 

 

 

Disclaimer: All information in this blog is deemed to be reliable but it is subject to change at any time and is not guaranteed to be accurate nor are there any warranties either expressed or implied. This blog is not intended to offer any legal, tax or other advice.

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Rainmaker
1,587,208
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Totally bad and it could backfire once Realtors® understand that it means further loss of control of their listings through syndication and ad sales to competing agents. I believe more agents will choose to cease syndication as offered through their respective MLS systems. What is the value to Zillow then? Zilch

Jul 27, 2014 11:25 PM #1
Ambassador
2,953,912
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Well I guess Trulia was smart to gooble up everything it did... AR, market leaders, poslets ect.... because it made a package that looked attractive to zillow.  Oddly enough in my area Trulia never seemed to have an impact and consumers never used or mentioned it.  I just hope I can keep the price I have now with the services I have with both of them.  We'll see.

Jul 27, 2014 11:28 PM #2
Rainmaker
346,217
David Karp
Peachtree Realty Group, LLC - Woodstock, GA
Woodstock, Marietta GA Real Estate

Norman, I feel that way,too. 

Tammy, I hope you can, but they seem to jack prices up at will.

Jul 27, 2014 11:30 PM #3
Rainmaker
1,523,810
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I think it is never good for one company to have a vritual monopoly in our free enterprise system, because the result can be really poor customer service.

Jul 27, 2014 11:31 PM #4
Rainer
6,165
John Battaglia
Woodstock, GA
Atlanta Home Inspector

All we have to do is look at every other industry where a few companies monoplize the market... When was the last time anyone said they liked Comcast?  

Sep 15, 2014 01:58 AM #5
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Rainmaker
346,217

David Karp

Woodstock, Marietta GA Real Estate
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