As for the other aspects, I'm starting to use both equally for different reasons. Last year I used Zillow extensively for the greater Chicagoland area to buy a house. I thought some of their Zestimates were way off in both directions. But they gave me the tools to check their work. In the end, for the Chicago area, their estimates AVERAGED out pretty close. But you have no way of knowing which are good and which are bad, so you have to check them all yourself.
For the past 6 months, I've been using Zillow extensively to sell my home. When a house goes on the market in the MLS, I log onto Zillow and record their Zestimate and get the sq ft of the home since agents don't disclose that. When the house sells, I compare the sales price to the Zestimate. Again, some are way high and others way low, but they are averaging fairly realistic. Of course the Zestimate is much different before and after it is sold.
I like Trulia for the the Real Estate Guides and demographics and searching an exact home in Google. But starting with Trulia Find Home does me no good. The fact that Trulia doesn't have all MLS listings and doesn't allow FSBO, makes searching through them redundant. The only benefit is days on market +/- 30 days. There are other flaws as well and I think I put that on a different thread.
I'm no fan of Zestimates, but I think Zillow actually benefits those of us who are full time, full service realtors by giving us another venue to prove our value to our consumers! I'm new to Trulia, and I like what I've seen so far. But I really would like to invite all of you to visit my website and check out the interactive map search for properties called property point. Check it out and let me know if it isn't one of the easiest searches you've ever used!
Obviously I am here on trulia.com answering real estate questions for a reason.
As a real estate agent who prides himself on being on the edge of technology. I am convinced that "Trulia" is doing a far superior job with both the product and quality content compared to "Zillow".
Trulia has even added tools for both the agents as well as information to educate the typical home buyer & seller.
Kudo's to the team over at "Trulia"!!
Many believe that Zillow is positioning itself to become THE national MLS, and open up the monopoly that the public believes that Realtors hold over the consumers.
... and yet, Ally trusts the listings in Trulia to more up to date and accurate than those on Zillow in large part because they are entered and maintained by those same Realtors. As long as zillow allows it's listings to be input by the owners, and has not oversight on the content, it will not be competition even for the smallest of MLS's across the country. (just my humble opinion)
Zillow works the MLS better, but the Zestimates can be off by zillions (actually thousands), but Trulia has more "real deal" information like days on the market and area information.
We're never in a hurry, so I end up using both 3 or 4 months before any purchase ... afterwords I track every home we've ever looked at .. this way I know the true value now, and what it did 9 or 39 months ago.
Is it even a contest any more? I'd say Trulia is the champ, hands down!
I'm very new to Trulia. So far so good :) I hope Trulia can offer historical comp data down the road.
These two are very different companies at this time. Zillow focus (for now) is on appraisals and advertising revenue. We need to credit Zillow for starting more recent revolution in real estate. However, they cannot justify the huge investment to their investors ($60M), unless they will come with additional revenue sources. We donâ€™t know what they are, but names of founders are almost a guarantee that they have something â€œlurkingâ€ in their sleeves. Trulia is focusing on listings and client education and they have quickly become a second important catalyst of the current real estate revolution. A few minutes I answered a question regarding â€œone stop shopâ€ for homes in the US. Realtor.com is closest to it at the previous time, but event they cannot get the data from all 900 MLSâ€™ out there. So there is a tremendous market fro Trulia and other to capture.
Also, there some confusion about what is better, a local agent or Trulia. The answer is very simple. Clients need more different types of solutions than realtors are providing at the present time. Zillow and Trulia showed that there is a tremendous untapped market out there and those realtors (for variety of reasons â€“ but this is a separate subject) were not able to tap to it. But does it mean that those agents are going to be replaced entirely by on-line solutions? MOST DEFINITELY NOT. There are a lot of needs Trulia and Zillow will not be able to satisfy. There are plenty of great agents and brokers out there who provide unparallel service. Zillow and Trulia unleashed a revolution and thanks for them. A few years from now we will see a different world in real estate. How is it going to look? No-one really knows. But I can assure you that it will be world full of great agents, brokers, â€œZillowsâ€, â€œTruliasâ€, etc. Possible we will be down to 100 MLS (out of 900 today) and major brokers will be squeezed/replaced by many new, independent brokers and agents providing clients with services far beyond listing and closing. This way or another â€“ it will benefit clients!
Trulia is primarily focused on Real Estate Purchases. I'm a Mortgage Professional. I consistently receive notices from Trulia to increase my standing, I need to upload my listings. That's not my job.
The financing of property in escrow, is the main ingredient for Agents to earn a living. Trulia, doesn't understand that. After all, it's not sold, until it's funded.
Zillow has Forums for both mortgage professionals & agents. Trulia, does not. But, the level of the questions & responses on Trulia are much higher and far more professional. .... Happy funding, Rudi
Continued | Asking a question on the same topic:
Iâ€™d like to make an attempt to rejuvenate this discussion, only this time I have a specific angle. First, I have to say that I had a much more intricate and responsive conversation at the Trulia booth in Orlando last year during the NAR convention, than I did at the Zillow booth (although, both are deserving of much respect). Secondly, the game has changed since this discussion was established (DOJ, NAR, GDP, REO, Chinese Drywall, etc. HaHa). Finally, before I forgetâ€¦if you manage to make it out to the NAR convention in San Diego this year, stop by the Trulia booth and ask them what they have underneath the props! Last year, â€œI was too old for MySpace, but you could find me on Trulia Voices,â€ so they gave me a t-shirt that stated just that (of course, it generates a decent discussion if you where it in public)!
If I had my way, Conan O'Brien would do a skit on June 1st titled, â€œIn the Year Twoo Thousuuundâ€¦ In the Year Twoooo Thousuuuund,â€ and include Realtor.com, Zillow.com, and Trulia.com in the limelight. I would be the guest, and real estate video production would be the angle. With this elaborate hypothetical situation in mind, what would Conan and I say? Well, my team of real estate techyâ€™s and I would have to receive a generous raise, but Iâ€™m sure we could come up with a few spoofs and puffs.
However, on a more simplistic approach, I have two basic questions.
â€¢ Can high quality real estate videos â€œstickâ€ in our industry?
â€¢ If yes, when Trulia vs. Zillow, who will develop the apps to be followed?
Yes, I might have a hidden agenda, but I believe this is a very important topicâ€¦especially when considering a consumer base currently â€œgrowing up Google.â€
Next (& Iâ€™ll miss 100 of them), Iâ€™ll call it a Realtor 3.0, W3C web standard, TAG LOTO:
Brightcove, Kaltura, Maven, Ooyala, VideoAFX, Vid2r, FLV, H.264, HD, YouTube, Social Networking, Tweet, FaceBook, MyFrontDoor, WellcomeMat, Comscore, SERP, SEO, REPO, FZBR, Blogosphere, Joomla, Wordpress, VOW, IDX, Adobe Creative Suite CS4, the Mac Line, Appleâ€™s Motion, Final Cut, Live Type, Windows, Real Estate?, Disclosureâ€¦maybe I already grew up Google?
Oh what a mouthful. Sadly, itâ€™s become my Broker Moto and lastly, Iâ€™ve become a product of my environment. But will it stick. Iâ€™m based out of Virginia (but originally posted in San Francisco for tech reasons) and I have to say, the VAR publications are increasingly becoming a road map to a plethora of web based education. Over the past 3 years alone, the articles have gone from, â€œyou should have a websiteâ€ to, â€œyou need to name the images on your website for the keywords you are trying to rank in the SERPâ€™s for.â€
With all that on the table and before I write my first book, itâ€™s Trulia vs. Zillow. Whoâ€™s going to win real estate video?
Obviuosly they recognise that Zillow and Trulia have value and want to provide members with more.
I like Trulia better by the way and am sorry I missed the martini party.
Either way, I am not a fan of Zillow, and I offer my own insta-compare solution on my website that simply gives the value of homes recently sold in the area and allows the client to extrapolate the price on their own.
You are invited. Please drop an email to email@example.com to get on the list. That goes for any others on Trulia Voices. It would be great to meet up with you all in person!
2. Zillow gets more traffic = better to advertise on for real estate professionals.
3. Zillow's api is better. Most agents think that zillow is out to get them, but with zillows api I can allow people to get the values of property from my website, and then guess on future home prices. When the future home price date is hit, they get an email from ME...trulia cannot do this. Look at web reference for an example.
So, as you can see, I like zillow better.
Surprising you should say that, as I have just the local solution. In the comming month, we are going to be revealing a local real estate portal for FSBO's, Realtors, agents, home buyers, etc. Plus, the site is already receiving over 6,000 monthly page views and has high rankings in the serp's. Wana find out more? Keep an eye on...