Read Dave Liniger’s Take on the Zillow Buyout of Trulia

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ZillowTrulialogoOnline real estate search portal Zillow recently announced that it is purchasing its competitor Trulia in a $3.5 billion stock deal expected to close in 2015. 

Although some in the real estate industry have expressed concerns over third-party real estate search portals, RE/MAX Chairman and Co-Founder Dave Liniger, welcomed the news. 

“Some people in my industry panic and think the Internet is going to put Realtors out of business,” Liniger said. “But we don’t sell a commodity. We sell unique properties; each one is different. The value of someone to guide you through a [home] purchase is far more important than simply viewing homes online.”

Liniger added that companies such as Trulia and Zillow have the capital and technology resources to build sophisticated search platforms. Brokerage networks like RE/MAX have thousands of agents who have established personal relationships with buyers and sellers in their local markets.

“We look at the portals as our friends,” Liniger said. “We wish them success.”

For more information about the Zillow Buyout of Trulia, read the full Zillow press release.

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