Buying a new home is always a very big decision. When you’re looking to purchase a new property, using all of the tools at your disposal is very important. One great online tool that can provide you with amazing information and services is Trulia. below are some very common frequently asked questions about Trulia.
Are Trulia and Zillow the Same Company?
Trulia and Zillow are affiliated organizations. Trulia was founded as an independent private organization in 2004. Due to its continued growth and great service that it provides, Trulia was acquired by Zillow in 2014. Today, it is considered an affiliate of the parent company, the Zillow Group.
Are Tulia Estimates Accurate?
Yes, a Trulia Estimate is considered to be very accurate as it is based on a variety of information that is used to determine the value of a property. A wide variety of information is used to come up with a Trulia Estimate for a home including the property’s physical characteristics, property tax information on the home, and nearby sales comps and competing listings. The estimate, however, is limited based on the accuracy of the information provided. If a homeowner does not provide accurate info, it will impact the value estimate.
Are Trulia Mortgage Estimates Accurate?
When you look at an active listing, Trulia will come up with an estimate of what your mortgage payment and total housing payment will be. This estimate will use a variety of assumptions including the down payment (assumed to be 20% by default), market interest rates, property tax payments, insurance, and reported HOA. There can be some variability in these payments depending on how much you put down and your credit worthiness. However, you can change down payment and interest rate assumptions to see what the impact would be to the mortgage payment and PMI.
Are Trulia Property Taxes Accurate?
Yes, Trulia is able to pull current property tax records for each property that is listed. These can either be pulled from the MLS or the local county. Trulia likely will not be able to provide an estimate of how taxes will change after a sale is made.
How Did Trulia Get Its Name?
When trying to come up with a name for the company, the founders of the organization wanted to come up with a name that exuded honesty and truthfulness. The founders felt that “Trulia” could make people think about being “truthful.” This would hopefully give a user a sense that they were getting the most accurate and honest information available.
How Did Trulia Get Started?
Trulia was founded by Pete Flint and Sami Inkinen, who met while getting their MBAs from Stanford. When looking for a new place to live in 2004 while still in school, the co-founders discovered there was not a good online resource available to get quality information. This then led to the concept of Trulia and the website was formed in 2005.
Does Trulia Provide Estimates?
Yes, for home values Trulia will be able to provide a “Trulia Estimate”. This estimate is based on a variety of market and property information. The website can also provide you with an estimate of what your monthly housing payment will look like based on market mortgage rates, specific property taxes, average insurance rates, and a variety of other factors.
Does Trulia Cost Money?
Trulia is completely free for users. You can always search for homes for free and even post rental listings for free on Trulia. The website will make money through marketing and advertisements.