What does this post have to do with Hamptons Real Estate?  Yes, I know, we are so very extraordinary and no other market in the world is like ours.  True, we are very special and unique. That being said, so are Manhattan, Santa Barbara, Key West and Nantucket.  And they put their pants on one leg at a time, just like we do.  All politics and real estate are local, but the 80/20 rule applies and 80% of real estate is done the same way everywhere, whether it is done with dollars or pounds, in English or in French. Property, sellers, agents, buyers.  We need to be smart enough to enjoy our uniqueness, but see the leverage of using tools and practices that work the world over. md

Where Trulia Went Right…Trulia has built relationships with many of the most highly-respected figures in the real estate industry. Pete Flint, Trulia.com’s founder and CEO, is a true diplomat and politician. Also, he is clearly able to articulate his vision in a way that excites people and engages them.

TOP INDEPENDENT AND FRANCHISE BROKER EXECUTIVES TO JOIN TRULIA.COM REAL ESTATE ADVISORY BOARD   RISMEDIA, April 11, 2007-Trulia.com, the national residential real estate search engine, announces the addition of four highly respected real estate industry executives to its Real Estate Advisory Board… Hanna, Phillips, Saunders and Therrien join fellow broker and industry leaders from across the country including: Anthony Azar, CEO, Realty Executives Southern Arizona; Sherry Chris, COO, Coldwell Banker Real Estate Corporation; Bill Plattos, COO and general manager, First Team Real Estate; Van Davis, consultant and Former CEO, Foxtons; Michael Koval, SVP and CIO, Long & Foster Real Estate, Inc.; Jonathan Miller, president/CEO, Miller Samuel Inc.; Robert Moles, chairman, Intero Real Estate Services; Steve Ozonian, chairman, Realty Information Systems Inc./Help-U-Sell Real Estate; Michael Pappas, president, The Keyes Company; Bob Peltier, president, Edina Realty, Inc; and Kaira Rouda, COO, Real Living, Inc.  more here

…and where Zillow went wrong…Zillow has not followed Trulia’s example of relationship-building.  They have tried to step over the largest group of independent business people in the US (Realtors) and form direct relationships with the consumer that supercede the Realtor. They wore on their chests as a medal the fact that they put tens of thousands of travel agents out of business with Expedia.com.

The idea behind Zillow is very clever indeed; however, the execution of the idea was not very clever at all. Arrogance has its price. See Chicken and Real Estate. md