"What’s remarkable about both sites is how little they’ve actually changed the selling and buying of homes. That’s mostly by design. Both were founded nearly a decade ago with a healthy respect for the intractability of the real estate market, with its unique dual-agent process (one representing the buyer, and one the seller) and with its multiple listing services (MLS), which has a stranglehold on home listings.Zillow-Trulia Merger: Will It Change How We Buy and Sell Real Estate - Businessweek
Zillow founder Rich Barton had helped destroy the travel agent business with his previous company, Expedia, but he understood that the real estate market was unique: Buyers and sellers liked getting professional advice on such a large transaction. Instead of trying to revolutionize real estate in one stroke, as local Seattle company Redfin was attempting at the time, Barton set out to change it from within, slowly building an audience by unlocking new kinds of information for buyers and sellers."
Tuesday, July 29, 2014
Zillow-Trulia Merger: Will It Change How We Buy and Sell Real Estate - Businessweek
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