Compare Trulia and Jovio
For Buyers
Answer: Trulia is a Multiple Listing Services (MLS) aggregator while Jovio is a full-service real estate agent that offers savings to homebuyers and home sellers
Buying and Selling with Trulia
Trulia is an MLS Aggregator that allows buyers and sellers to list homes and find out what local homes are available for sale. Trulia aggregates home listing data from thousands of private MLS databases across the United States.
By making this otherwise unavailable information to consumers, the company creates a positive value-added experience with local results for a vast majority of available listings.
Trulia generates revenue with ads using Zillow Group's Premier Agent and Premier Broker programs.
Trulia Pricing
Trulia does not offer paid services to consumers directly, instead, portal generates revenue with ads and referral fees from real estate brokers as part of the Zillow Group.
Listing Services
- This Service Does Not Represent Sellers
Buyer's Agent Services
- This Service Does Not Represent Buyers
Trulia Editor's Review:
Trulia is a Zillow Group subsidiary with similar search results, data, and options available to consumers. Trulia is an Internet MLS aggregator, where brokers and consumers may post listings independently. Until recently Trulia was an Internet company, not a real estate broker.
In 2018 Trulia’s parent company Zillow Group began to operate a pilot program called Zillow Premier Broker.
This program operates as an actual real estate broker in order to collect hidden referral fees from any leads originated via Trulia. Anytime consumers use Trulia and provide this portal with private information, this information is then sold for referral fees to a select group of brokers willing to pay for it. This fee is backloaded and paid only if the consumer is persuaded by the real estate agent to enter into a representation agreement.
Trulia’s original revenue generator is called Premier Agent, this is an ads-based process where agents advertise their services and consumers contact an agent themselves.
Unlike Premier Broker leads pipeline, Premier Agent process is not “blind.” When consumers use Trulia, it is impossible to tell if private information is sold to Premier Brokers and what brokers get to see it. When using Trulia, consumers should be careful not to leave any private information such as email, name or a phone number.
Where does Trulia operate?
Buying and Selling with Jovio Real Estate
Jovio is a full service real estate agent based in Austin, TX. Jovio offers consumers listing savings and buyer's refunds in select service areas across Texas.
Jovio Real Estate Pricing
Offers consumers listing savings to sellers (1% listing fee) and buyer’s savings (33% buyer’s commission rebate)
Listing Services
- MLS Listing
- Zillow, Trulia, etc. Listing
- Accept and Deliver All Offers and Counteroffers
- Hold Open Houses
- Professional Photography
- Professional Floor Plans
- Yard Signage Installation
- Spare Key Lock-box Installation
- Schedule Inspection Services
- Schedule Private Showings
- Closing Duties
Buyer's Agent Services
- Find the Property
- Accept and Deliver All Offers and Counteroffers
- Recommend Other Professionals
- Attend Inspection Services
- Schedule Private Showings
- Negotiate Needed Repairs
- Closing Duties
Jovio Editor's Review:
Jovio offers excellent representation services for buying and selling a home. Jovio is a tech-enabled brokerage with the knowledge and tools built to help consumers archive an excellent real estate transaction experience.
Jovio listing service includes posting home on the MLS and MLS Aggregator services, professional photos, and all typical services offered by a traditional real estate agent. Jovio charges a listing fee of 1% of the final sales price of your property. A minimum listing fee of $3,995 applies. If at any point during the term of the listing agreement the seller decides to terminate the said agreement, she is only responsible for paying $495 setup fee.
Jovio recommends offering a cooperating buyer agent commission that helps to attract buyers who are already working with an agent. Sellers are free to offer any amount they like to buyer’s agents, but 2.5% - 3% Buyer’s Agent Commission is recommended. Buyers can easily negotiate a rebate with their agent to reduce the costs of the Buyer’s Agent Commission amount. Eventually, all closing costs are paid by the buyer.
Jovio claims to list a home in as little as 24 hours. The majority of Jovio sellers get their home listed within several days of meeting with Jovio. To determine your home’s listing price, Jovio first gathers local information about comparable properties in your neighborhood. Jovio furthers helps to evaluate your home’s condition and any recent upgrades or improvements to come up with the best listing price for the home.
When self-represented buyers approach Jovio about the seller’s listing, Jovio reduces the 3% Buyer’s Agent Commission to 2% in favor of the seller and then splits its commission with the buyer, meaning buyers receive 1% (33% buyer’s commission rebate) back on their new home. This allows all parties to save a significant amount in buy-side commissions, but it also requires the buyer to accept the potential downside of dual representation.
For buyers, Jovio Real Estate offers on-demand home tours and an excellent client web portal for monitoring the purchase process. Jovio offers overall great value to consumers looking to buy or sell a home.