Zillow buys Trulia

By
Real Estate Broker/Owner with CastNet Realty TREC#263257

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

 

Comments (6)

Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Ricki ....I have your same concerns when I read this today ....we can only hope for the best!

Have a great night!

Jul 28, 2014 10:20 AM
Josh Gidcumb
Keller Williams Realty - Champaign, IL
Real Estate - 217-202-0571, Champaign, IL

I don't think there should be too much to be concerned with... As far as accuracy of Zillow, it is a large site with a lot of data. It would probably take years to update every home on there. But I agree in telling clients not to pay attention to it since the information is outdated and/or wrong.

Jul 28, 2014 10:55 AM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Hi Rob,  Hoping... Have a good night :)

Hi Josh,  outdated for sure and wrong most of the time I think!

Jul 28, 2014 12:32 PM
Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

Maybe someone will finally do something about the stupid way we have to add pictures. But I doubt it.... I sure would be happy though if they did! HA! :)

Aug 01, 2014 12:00 PM
Yolanda Cordova-Gilbert
Richmond, TX

Ricki,

 Ditto what you said, I too hope for the best!

Aug 03, 2014 10:29 AM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Hi Joni,  yes that would be an improvement.

Hi Yolanda,  Hope is all we have :)

Aug 04, 2014 12:45 AM