Zillow-Trulia will reduce the number of bad real estate agents
invite response
2014 Aug 11, 11:17pm 916 views 3 comments
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lostand confused
2014 Aug 11, 11:53pm
The zestimate is not that accurate-at least when I was looking. The trulia estimate seemed closer.
Tenpoundbass
2014 Aug 12, 1:28am
It's already the worse one.
No I doubt TZ will replace Realtors. They had a shot at it back when I was buying. I couldn't buy a house today and be as informed as I was about the properties I was interested in as I was then.
IN fact what information they have today is the same statistical information they had then, and the same age. Which was newer then, crime stats from 2006 and such. They don't go as deep with previous owners or what they paid, historical tax records. The multiple map views of the properties, even had high res satalite photos, today the maps are not even 20% of the resolution they were then.
They have this premium member thing. But from what I can gather, they don't give you better information, for that membership. But for that membership, you get Zillows/Trulias Future prediction of value on the property. They seem to be milking the homeowners emotions, rather than trying to be the services that I saw back in 2010, when I was buying.
http://ochousingnews.com/blog/zillow-trulia-will-reduce-number-bad-real-estate-agents/
The merger of Zillow and Trulia may force marginal agents out of the business and concentrate activity among the best producers.
American realtors have long maintained a system of high commissions that bloats the number of working real estate agents. Many poorly trained and poor performing agents stay in the business despite completing few transactions because they can make a great deal of money on the few transactions they do complete. Real estate recessions purges many of these bad agents, but like April showers bring May flowers, increased sales volumes sprouts tens of thousands of new agents who cling to the margins.
Source: http://ochousingnews.com/blog/zillow-trulia-will-reduce-number-bad-real-estate-agents/#ixzz3ABQqTa4p
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