Home › Forums › Closed Forums › Buying and Selling RE › I Need a Buyers Agent Referral – Temecula and Murrieta
- This topic has 80 replies, 8 voices, and was last updated 16 years ago by sdrealtor.
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November 17, 2008 at 8:07 PM #306593November 17, 2008 at 9:33 PM #306704temeculaguyParticipant
I agree with sd, the raw data from websites is a mess. One big problem is they all count repos back to the bank as a sale, that isn’t a true market indicator and it can be a large chunk of the sales. Either get a realtor or study your area and make frequent visits, I found drinking with realtors and picking up the tab dislodged some info but each sale has a story. Some unusually low ones were inside rigged sales or the place was destroyed inside. redfin runs a few weeks behind but you get into the neighborhood pages by zip code and just pick the tab for recent sales, or have them mapped. Zillow blows, I don’t even check it anymore, redfin imports zillow’s only good info anyway. Your best bet is to visit every open house by driving the area on weekends, peeking through the windows on all listed vacants, talking to neighbors and talking to realtors, mix it altogether and you get an idea.
Once you get a good feel for the comps it helps you weed out uninformed realtors, it gives you ammunition to question them on it and if you see that they only show the three highest comps they are snowing you, only the three lowest, same deal. The best are those who will say “this one sold for x, but it was thrashed and had mold issues, this one sold for x but it had 100k in backyard landscaping” if you ended up telling them that info and you get the deer in headlights look, lose their business card.
November 17, 2008 at 9:33 PM #306244temeculaguyParticipantI agree with sd, the raw data from websites is a mess. One big problem is they all count repos back to the bank as a sale, that isn’t a true market indicator and it can be a large chunk of the sales. Either get a realtor or study your area and make frequent visits, I found drinking with realtors and picking up the tab dislodged some info but each sale has a story. Some unusually low ones were inside rigged sales or the place was destroyed inside. redfin runs a few weeks behind but you get into the neighborhood pages by zip code and just pick the tab for recent sales, or have them mapped. Zillow blows, I don’t even check it anymore, redfin imports zillow’s only good info anyway. Your best bet is to visit every open house by driving the area on weekends, peeking through the windows on all listed vacants, talking to neighbors and talking to realtors, mix it altogether and you get an idea.
Once you get a good feel for the comps it helps you weed out uninformed realtors, it gives you ammunition to question them on it and if you see that they only show the three highest comps they are snowing you, only the three lowest, same deal. The best are those who will say “this one sold for x, but it was thrashed and had mold issues, this one sold for x but it had 100k in backyard landscaping” if you ended up telling them that info and you get the deer in headlights look, lose their business card.
November 17, 2008 at 9:33 PM #306611temeculaguyParticipantI agree with sd, the raw data from websites is a mess. One big problem is they all count repos back to the bank as a sale, that isn’t a true market indicator and it can be a large chunk of the sales. Either get a realtor or study your area and make frequent visits, I found drinking with realtors and picking up the tab dislodged some info but each sale has a story. Some unusually low ones were inside rigged sales or the place was destroyed inside. redfin runs a few weeks behind but you get into the neighborhood pages by zip code and just pick the tab for recent sales, or have them mapped. Zillow blows, I don’t even check it anymore, redfin imports zillow’s only good info anyway. Your best bet is to visit every open house by driving the area on weekends, peeking through the windows on all listed vacants, talking to neighbors and talking to realtors, mix it altogether and you get an idea.
Once you get a good feel for the comps it helps you weed out uninformed realtors, it gives you ammunition to question them on it and if you see that they only show the three highest comps they are snowing you, only the three lowest, same deal. The best are those who will say “this one sold for x, but it was thrashed and had mold issues, this one sold for x but it had 100k in backyard landscaping” if you ended up telling them that info and you get the deer in headlights look, lose their business card.
November 17, 2008 at 9:33 PM #306625temeculaguyParticipantI agree with sd, the raw data from websites is a mess. One big problem is they all count repos back to the bank as a sale, that isn’t a true market indicator and it can be a large chunk of the sales. Either get a realtor or study your area and make frequent visits, I found drinking with realtors and picking up the tab dislodged some info but each sale has a story. Some unusually low ones were inside rigged sales or the place was destroyed inside. redfin runs a few weeks behind but you get into the neighborhood pages by zip code and just pick the tab for recent sales, or have them mapped. Zillow blows, I don’t even check it anymore, redfin imports zillow’s only good info anyway. Your best bet is to visit every open house by driving the area on weekends, peeking through the windows on all listed vacants, talking to neighbors and talking to realtors, mix it altogether and you get an idea.
Once you get a good feel for the comps it helps you weed out uninformed realtors, it gives you ammunition to question them on it and if you see that they only show the three highest comps they are snowing you, only the three lowest, same deal. The best are those who will say “this one sold for x, but it was thrashed and had mold issues, this one sold for x but it had 100k in backyard landscaping” if you ended up telling them that info and you get the deer in headlights look, lose their business card.
November 17, 2008 at 9:33 PM #306643temeculaguyParticipantI agree with sd, the raw data from websites is a mess. One big problem is they all count repos back to the bank as a sale, that isn’t a true market indicator and it can be a large chunk of the sales. Either get a realtor or study your area and make frequent visits, I found drinking with realtors and picking up the tab dislodged some info but each sale has a story. Some unusually low ones were inside rigged sales or the place was destroyed inside. redfin runs a few weeks behind but you get into the neighborhood pages by zip code and just pick the tab for recent sales, or have them mapped. Zillow blows, I don’t even check it anymore, redfin imports zillow’s only good info anyway. Your best bet is to visit every open house by driving the area on weekends, peeking through the windows on all listed vacants, talking to neighbors and talking to realtors, mix it altogether and you get an idea.
Once you get a good feel for the comps it helps you weed out uninformed realtors, it gives you ammunition to question them on it and if you see that they only show the three highest comps they are snowing you, only the three lowest, same deal. The best are those who will say “this one sold for x, but it was thrashed and had mold issues, this one sold for x but it had 100k in backyard landscaping” if you ended up telling them that info and you get the deer in headlights look, lose their business card.
November 17, 2008 at 9:50 PM #306658AecetiaParticipantYou both make good points, but if you are in a holding pattern and can afford to wait, I think you can at least learn a lot about certain areas by studying them either using some of the above sources, driving the area as suggested and looking at foreclosure.com and not necessarily logging on and paying for the information. I know TG knew his area well enough to be able to spot the distressed property without paying for the service because he has zeroed in on a certain niche market and was very familiar with that. None of us underestimate the value of a trained realtor. I think we might just be leery of the ones that are either untrained or unscrupulous. Being an informed buyer is important even in this market.
November 17, 2008 at 9:50 PM #306719AecetiaParticipantYou both make good points, but if you are in a holding pattern and can afford to wait, I think you can at least learn a lot about certain areas by studying them either using some of the above sources, driving the area as suggested and looking at foreclosure.com and not necessarily logging on and paying for the information. I know TG knew his area well enough to be able to spot the distressed property without paying for the service because he has zeroed in on a certain niche market and was very familiar with that. None of us underestimate the value of a trained realtor. I think we might just be leery of the ones that are either untrained or unscrupulous. Being an informed buyer is important even in this market.
November 17, 2008 at 9:50 PM #306640AecetiaParticipantYou both make good points, but if you are in a holding pattern and can afford to wait, I think you can at least learn a lot about certain areas by studying them either using some of the above sources, driving the area as suggested and looking at foreclosure.com and not necessarily logging on and paying for the information. I know TG knew his area well enough to be able to spot the distressed property without paying for the service because he has zeroed in on a certain niche market and was very familiar with that. None of us underestimate the value of a trained realtor. I think we might just be leery of the ones that are either untrained or unscrupulous. Being an informed buyer is important even in this market.
November 17, 2008 at 9:50 PM #306626AecetiaParticipantYou both make good points, but if you are in a holding pattern and can afford to wait, I think you can at least learn a lot about certain areas by studying them either using some of the above sources, driving the area as suggested and looking at foreclosure.com and not necessarily logging on and paying for the information. I know TG knew his area well enough to be able to spot the distressed property without paying for the service because he has zeroed in on a certain niche market and was very familiar with that. None of us underestimate the value of a trained realtor. I think we might just be leery of the ones that are either untrained or unscrupulous. Being an informed buyer is important even in this market.
November 17, 2008 at 9:50 PM #306259AecetiaParticipantYou both make good points, but if you are in a holding pattern and can afford to wait, I think you can at least learn a lot about certain areas by studying them either using some of the above sources, driving the area as suggested and looking at foreclosure.com and not necessarily logging on and paying for the information. I know TG knew his area well enough to be able to spot the distressed property without paying for the service because he has zeroed in on a certain niche market and was very familiar with that. None of us underestimate the value of a trained realtor. I think we might just be leery of the ones that are either untrained or unscrupulous. Being an informed buyer is important even in this market.
November 17, 2008 at 10:06 PM #306734peterbParticipantI’m a licensed agent. I’ll just get on someones MLS system and be done with it. I already know the area cold. Did many transactions in it over the last 10 years.I was just hoping there was something more universally available at this time. (I’ve been away from the business a couple of years.)But it looks like CAR still has a corner on the business.
November 17, 2008 at 10:06 PM #306274peterbParticipantI’m a licensed agent. I’ll just get on someones MLS system and be done with it. I already know the area cold. Did many transactions in it over the last 10 years.I was just hoping there was something more universally available at this time. (I’ve been away from the business a couple of years.)But it looks like CAR still has a corner on the business.
November 17, 2008 at 10:06 PM #306673peterbParticipantI’m a licensed agent. I’ll just get on someones MLS system and be done with it. I already know the area cold. Did many transactions in it over the last 10 years.I was just hoping there was something more universally available at this time. (I’ve been away from the business a couple of years.)But it looks like CAR still has a corner on the business.
November 17, 2008 at 10:06 PM #306655peterbParticipantI’m a licensed agent. I’ll just get on someones MLS system and be done with it. I already know the area cold. Did many transactions in it over the last 10 years.I was just hoping there was something more universally available at this time. (I’ve been away from the business a couple of years.)But it looks like CAR still has a corner on the business.
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