For some time, both Trulia and Zillow have dominated the world of online real estate websites. Now, that domination is set to extend even further. Trulia was is being sold to Zillow in a $3.5 billion stock-for-stock deal. At the time of writing, both Trulia and Zillow's boards have already approved this deal. If the deal is approved by the shareholders as well, Zillow's biggest competitor will now be their own site.
This is how business tends to work. You might have a lot of different companies selling the same thing. One is stronger than the others and is able to buy them. They are then able to become a stronger company.
Both Zillow and Trulia have been prominent helping consumers find a value for their homes based on comparisons in local markets, as well as listing their homes. The two companies have some market overlap, but essentially cover two separate markets.
A lot of people use sites like Zillow to figure out how much property costs and which properties are for sale. It is an easy way to look things up. You can go to the website or you can use the app. If you are looking for a house to buy you will use it to get an idea about a home or even the neighborhood you want to move in to. It is a great way to keep tabs on the houses and see what they are doing. It gives you a little more information than a regular real estate site would.
For now, Zillow's primary plan is to cut costs and save money. However, it's likely they'll make even more big deals in the future. It'll be interesting to see what's in store for this real estate company. They now have a very unique place in the real estate world.
Many see this as an excellent move for Zillow. Because Trulia was their primary competition, they will now completely dominate the online real estate marketplace. They're primed for unprecedented growth in the years to come, and it will be interesting to see how they continue to built their site further. It also may be a good move for Trulia. The $3.5 billion dollar price is an excellent deal, even when the stock jump they experienced after takeover rumors is taken into account. It's a profitable move, and should make a lot of board members and stock owners happy.
This is how business tends to work. You might have a lot of different companies selling the same thing. One is stronger than the others and is able to buy them. They are then able to become a stronger company.
Both Zillow and Trulia have been prominent helping consumers find a value for their homes based on comparisons in local markets, as well as listing their homes. The two companies have some market overlap, but essentially cover two separate markets.
A lot of people use sites like Zillow to figure out how much property costs and which properties are for sale. It is an easy way to look things up. You can go to the website or you can use the app. If you are looking for a house to buy you will use it to get an idea about a home or even the neighborhood you want to move in to. It is a great way to keep tabs on the houses and see what they are doing. It gives you a little more information than a regular real estate site would.
For now, Zillow's primary plan is to cut costs and save money. However, it's likely they'll make even more big deals in the future. It'll be interesting to see what's in store for this real estate company. They now have a very unique place in the real estate world.
Many see this as an excellent move for Zillow. Because Trulia was their primary competition, they will now completely dominate the online real estate marketplace. They're primed for unprecedented growth in the years to come, and it will be interesting to see how they continue to built their site further. It also may be a good move for Trulia. The $3.5 billion dollar price is an excellent deal, even when the stock jump they experienced after takeover rumors is taken into account. It's a profitable move, and should make a lot of board members and stock owners happy.
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