There are many great Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 585-3636 for a FREE home buying or selling consultation to answer any of your real estate questions.
What does Zillow's buyout of Trulia mean for You?
What we want to talk about some breaking news in the real estate industry. Recently, internet home search juggernaut Zillow has purchased their biggest competitor, Trulia, for $3.5 billion. If you are reading this article, no doubt you have visited one of these sites before to check out homes before you bought and the sheer volume of people that visit these sites is incredible.
A lot of our clients have called us to ask specific questions about these sites. One of the most common questions is in regard to automatic home valuations that these sites offer and how accurate they are. Not to sound overly critical, but they have not had a lot of success in establishing a reputation for accurate home values in any market.
So, as a buyer or seller, the numbers haven't been that helpful for correctly estimating a home's value. They do, however, provide helpful statistics and resources.
People are now starting to worry that Zillow will now take over the industry and make their site a one stop shop for home buyers. Ironically, we have noticed the more we have seen technology make things easier for us online, the more we realize there is no good substitute for a local expert who can give you real, specific resources and advice. It's all well and fine to talk about different market trends and statistics, but what you need to know about is your personal situation and what makes sense for you individually. It's going to be a while before we see any nationally syndicated resource fill that need for people.
If you have any questions about this merger, or about anything real estate related, give us a call or send us an email. We'd love to help out.