How exactly is Zillow in 2018
Zillow vs. Trulia: What's the Difference?
Zillow vs. Trulia: An Overview
If you've ever done research online to rent, buy, or sell a home, or just wanted to see how much your home can be worth, you have probably used Zillow (Z) or Trulia. Both websites are real estate databases that provide sales and rental listings to the public and connect people with real estate agents. They have some important characteristics. They are now also part of the same company: The Zillow Group acquired Trulia in February 2015 for $ 3.5 billion.
Both websites present listings with photos, a detailed description, prices and information about neighborhoods. The property information displayed on each website is generally similar as both are based on MLS lists. Visitors can search for apartments based on certain criteria on any website, including price, number of bedrooms, type of structure, square footage, and lot size.
While the two are pretty similar, there are a few key differences that set the two locations apart. Zillow offers so-called zestimates, which are estimates of house values based on publicly available information. Each site is graphically represented in a different way, giving the user a different experience. For example, when looking for listings in a city on Zillow, the search results are on the right with a map of the area on the left. The experience is mirrored to Trulia, where the search results are shown on the left and the map on the right.
We will take a closer look at this and the two following passages.
The central theses
- Zillow and Trulia are real estate databases that offer sales and lease offers and connect people with listing agents.
- Zillow gives users a very graphical real estate search experience while Trulia offers a simpler website design.
- Zillow offers Zestimates - the estimated market value for a single property - and lists properties in the US and Canada.
- Trulia provides users with a visual breakdown of the monthly cost of a property as well as crime map data.
Zillow was founded in 2006. The Seattle-based company was founded by two former Microsoft executives, Rich Barton and Lloyd Frink. According to its website, Zillow is "the leading real estate and rental market" for consumers, connecting them with the information and real estate professionals they need to buy, sell or rent a home. The site lists more than 110 million properties, including those that are not currently on the market.
According to Statista, Zillow is the most popular real estate website and had 36 million monthly visitors as of January 2020. The website can be used free of charge by property owners as well as real estate agents and landlords. Most of the revenue comes from advertising and selling space on its websites - including Zillow, Trulia, Hotpads - to property management companies, mortgage lenders and other companies.
Compared to Trulia, the Zillow user experience is much more graphical. On the left you will see a map of all the available properties in your search area that match the criteria you selected. As you scroll over each item, a small thumbnail will appear with the price, as well as the number of bedrooms and bathrooms.
Individual properties are located on the right side of the screen, starting with the latest offers in the market.
Real estate information is easily accessible in different departments:
- On the left, you can scroll through the property's photos and click to enlarge them.
- The most important information is summarized in the upper right corner of the result, including price, number of bedrooms and bathrooms, square footage, and location.
- You will find an overview of the property directly under the key data. This section contains the number of days on the site, the number of times the property has been viewed, and the number of times other users have saved it. There is also a detailed description of the property provided by the agent, features of the home, other homes in the community, and information about the community.
- You can use the "Contact" button to immediately connect with the agent or the person responsible for the listing by sending a message.
Another feature that Zillow offers is its zestimates. This is the estimated market value of the location for a single property. The website emphasizes that zestimates are only a starting point in determining the value of a home and should not be viewed as an official appraisal. The zestimate is calculated daily using a range of data obtained from public sources and users. The website also offers a Zestimate Forecast, which predicts the price of your home after a year. This number is based on current information on home and market.
Zillow's Research tab is also a great place to keep up-to-date with trends and research in the real estate and housing market. This section is broken down into different sections that list the latest news, dates, markets, buying and selling, rental and market guidelines.
Statista reports that Trulia was the second most popular real estate website, having around 23 million monthly visits as of January 2020. The company was founded in 2005 and is still headquartered in San Francisco.
Just like Zillow, Trulia has real estate listings for potential home buyers, sellers, and renters. Just like Zillow, Trulia makes the most money in advertising.
Although the company is now owned by Zillow, it offers users a different online experience. The search results produce a map on the right and listings on the left. Once you click on a specific list, the key information - price, address, number of bedrooms and bathrooms, square footage - is listed above along with an estimate of the monthly mortgage payment. Property photos and listing information including broker contacts are provided below. This is followed by a detailed description of the property provided by the real estate agent, features and similar homes in the area.
Trulia claims its 34 neighborhood map overlays give consumers more insight into life in a home and the neighborhood. Trulia also provides a visual breakdown of the monthly cost of the property, including your mortgage payment, property taxes, home insurance, etc., club fees and mortgage insurance. This gives potential buyers an idea of whether they can afford a particular home.
Another feature of Trulia is the crime map data. The website aggregates neighborhood crime data from both local law enforcement agencies and news reports so that users can determine the safety in the community.
In contrast to Trulia, Zillow goes beyond the United States in his listings. In 2018, Zillow announced a partnership with a number of Canadian brokerage and real estate firms to list properties on the property. Properties are listed for a variety of Canadian cities, including Toronto, Vancouver, Ottawa, Calgary, Edmonton, and Kelowna, depending on location.
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