First off, thank you all for taking to chime in and start a passionate discussion.
The short answer to the questions and speculation is that nothing will change in the near term. Our focus on helping agents connect with consumers and close more transactions remains our top priority.
So what does this mean for you in the long term?
We believe that this transaction will be beneficial to agents. The combined company will provide agents access to more inventory and a larger audience of potential buyers. The transaction will also enable the combined company to bring products to market more quickly and efficiently.
We will keep all agents updated as we move forward with the transaction, and what changes you might see, if any, at the appropriate time.
We are pretty excited about what the future holds, and hope you are too.
Examine North Korea, Cuba, China, Turkey, most middle east countries and observe how a society can be distorted by controlling the information they consume.
When there is only ONE SOURCE of real estate information available to the consumer, TRANSGRESSION WILL OCCUR.
But not against the real estate professionals here. "Trust me, I'm from the government."
Of course, "nothing will change in the near term"....................the buyout won't be official until the shareholders vote for it.....from what I read that won't happen until sometime in 2015.......but who knows (and cares).......happen it will.
Quite frankly, I am more concerned that this site has so many ongoing glitches .......so many inaccuracies and ridiculous stats on the new profile pages.....the merger, or buyout....or whatever, is totally irrelevant to me.
I don't pay for anything here, and never will......(been there, done that) but I do like the Q&A section, and I would like to see it run smoothly .....and to see my profile page reflect honest stats & information.....
Zillow will NEVER do anything which would cause a direct drop in revenue. Real estate agents are willing to pay thousands (not hundreds...THOUSANDS) per month for big ad packages on both Truila and Zillow. The agents do this because (at least every now and then) they get some BIG commission checks...and they'd like MORE of them.
The aggressive telemarketers at BOTH Trulia and Zillow are essentially selling the dream that says, "Just send us a bunch of money, we give you expsoure and buyer leads, and you close more deals and get MORE of those big fat checks! Heck, once the money starts rolling in, the advertising pays for itself. Our service to you is essentially FREE!"
That's the fairy tale inside the heads of most agents and the marketing team only needs to tap into it.
Now imagine trying to get a lot MORE, smaller checks from fear-soaked sellers who only sell a home a few times in their lives. The telemarketing teams would be in their own little hell. They do all the work to get a seller signed up but once they do and the seller sells the home, they go away and have to do it all over again next month!
Again, compare to a real estate agent. Phone teams actively pursue over time, get the agent on board and the agent pays again and again. If s/he's good and can convert the leads, s/he might continue paying forever. If not, they pay for at least half year.
Zillow is NOT going to kill the goose that lays the golden eggs.
There are other ways to get quality leads, other then these sites.
I do pay for the services of both, and to be honest with you find Zillow leads to be better quality.
Where did you get your merger information, it would be interesting to read if it available?
This merger would be like Coke and Pepsi merging.....Zillow is a houshold name, when people use the word "Coke" for any type of soda.....I get more "my Zestimate says my house is worth __________" then "Trulia says my house is worth ______________"
Maybe now you are in a position to see your vulnerability.
All of you know what you must do. To cry foul now is truly insincere.
Best of success,
Annette Lawrence, Broker/Associate
Palm Harbor, FL
The bottom line is... the bottom line - keep the shareholders happy............ and they should be happy as stock prices rose with the mere suggestion this merger or takeover might occur.
As far as anyone from Trulia even reading this forum and commenting?
It seems as though the Q&A section has pretty much been set adrift with all the glitches and ongoing issues...no one (from T) is reading what is posted here anymore...........not like they used to.
You won't even be notified when new answers are posted here - notifications stopped many months ago.
One thing with Zillow - when they have site issues, they fix them...and they don't have that annoying captcha!
Please don't proceed with a merger! You will ruin a good thing!!!!
Nicole Fedorchek, Realtor