In 2015, I asked the following question:
How long until one of the big multi-billion dollar companies — Zillow or Realtor.com/NewsCorp –takes a stab at the local expert opportunity (in real estate)?
Perhaps we have our answer. I recently received the following email from Trulia…
Clicking “Leave A Note Now” took me to the following page (after filling in the ZIP code I live in)…
It’s nice to see I’m not the only one who believes the local expert opportunity is one worth pursuing. That said, I’m a little lost as to why I (as a consumer) would help Trulia by leaving a review. In the email, they say:
Every day, home seekers turn to Trulia to see what it’s like to live where you do. You can help. Share something about your Seattle neighborhood. Your new neighbors will thank you.
What if I don’t want more home seekers to buy in my neighborhood? What if there is actually a disincentive to increase the appeal of my area (travel advice suffers from the same dynamic)? If I don’t know my neighbors (most people don’t), how are they going to thank me?
What do I get out of leaving a review? The answer is nothing, which is why I deleted the email. If someone I knew asked me to do it, perhaps I would. But to me Trulia is a faceless entity which I have no allegiance to.
That said, real estate agents and sellers absolutely have a vested interest in making their areas more desirable to buyers. They also have relationships with clients and past clients to make the ask in a personal way. I’m still beyond puzzled why the industry hasn’t invested heavily in local expertise (read here for some context). Local advice/expertise is literally the one thing they have that the portals can’t easily replicate. If I was NAR — or RE/MAX, Realogy, Keller Williams — I would seriously seriously consider buying StreetAdvisor.
[Disclosure StreetAdvisor is a former consulting client of mine]