Sellstate strives to ensure that our members are informed about exciting developments happening within our real estate industry.
Zillow CEO Spensor Rascoff has recently announced that the real estate giant will be entering a definitive agreement to acquire competitor Trulia for $3.5 Billion in stock.
Since custom upgraded listings on Zillow are being provided as part of our Sellstate’s value proposition, our members will surely experience the benefits of an increased web presence by Zillow.
The combination of these two companies sets the stage for us to offer even more real estate tools and services to empower consumers and thus have the ability to drive even more business to our offices and agents.
The acquisition will require the approval of shareholders, which might take several months. For now, the companies will continue to operate independently.
We will provide additional details as they become available. We are ecstatic about our strategic partners continuing to make moves that ultimately benefit our members.
You can read the entire press release here.
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