Big news on the national real estate front. Real estate sites Zillow and Trulia have announced they plan to merge. And it could signal significant changes for the industry in the coming years. Our own John Skrabec, Founder and Broker/Owner of Live Urban Real Estate chimed in on the issue, in a article published today at InsideRealEstateNews.com.
John Skrabec, founder and owner ofLive Urban Real Estatein West Highland in Denver, said the proposed merger is interesting on a number of levels.
œI think that it will mean that it will be more and more important for Realtors to focus on hyper-local markets, Skrabec said.
œReal estate agents that live and work in neighborhoods have more to offer than the big guys like Trulia and Zillow, because they will never know and understand a local market the way an agent does who lives in a neighborhood, Skrabec continued.
œAn algorithm is never going to replace the knowledge of a Realtor living in a neighborhood, Skrabec said.
A MLS has to take away the same message, he said.
œIt is going to raise the bar for multiple listing services, too, Skrabec said. œLike real estate agents, a MLS is going to have to be on top of its game to compete.
However, he agreed with Bauer that a merger could be eventually be good for consumers.
œI think it will be great for consumers because more information is always better, Skrabec said. œThat is a good thing.
Read the entire article here:http://insiderealestatenews.com/2014/07/30/zillow-trulia-merger-raises-questions/
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