Comments on: Trulia Discrepancy http://agbeat.com/editorials/point-purpose/trulia-discrepancy/ News, insights, tools, and inspiration for business owners and professionals Fri, 10 Feb 2012 15:13:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Paula Henry http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33600 Paula Henry Fri, 29 May 2009 11:33:03 +0000 http://agentgenius.com/?p=13047#comment-33600 Kevin - Is this the same one mentioned above? It clearly states it is for sale. Kevin – Is this the same one mentioned above? It clearly states it is for sale.

]]> By: Kevin Tomlinson http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33586 Kevin Tomlinson Fri, 29 May 2009 04:37:00 +0000 http://agentgenius.com/?p=13047#comment-33586 what is it with Trulia and Miami Beach real estate: Here's another one, guys. Sorry for the link, Lani--- http://www.trulia.com/voices/Property_QandA/I_assume_that_the_price_on_this_property_is_incorr-130148 what is it with Trulia and Miami Beach real estate:

Here’s another one, guys.

Sorry for the link, Lani—

http://www.trulia.com/voices/Property_QandA/I_assume_that_the_price_on_this_property_is_incorr-130148

]]> By: Kevin Tomlinson http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33581 Kevin Tomlinson Fri, 29 May 2009 00:37:04 +0000 http://agentgenius.com/?p=13047#comment-33581 Realty Trac info is dicey, at best, and shouldn't be used for a Trulia type web site. I was reading something in the NYPost today that services like Realty Trac are almost unnecessary now. Realty Trac info is dicey, at best, and shouldn’t be used for a Trulia type web site.

I was reading something in the NYPost today that services like Realty Trac are almost unnecessary now.

]]> By: Kevin Tomlinson http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33580 Kevin Tomlinson Fri, 29 May 2009 00:33:14 +0000 http://agentgenius.com/?p=13047#comment-33580 Matt: Hey how are you? Yes things have not gotten that bad and I wonder what the larger issue is a Trulia with regard to these "blips". I notice them all the time and most are the aggregate amount (like the house on North Bay Road) of the yearly lease amount. Right now it's kinda a free for all because so many people feed info to Trulia--some good and, well, others not. Matt:
Hey how are you? Yes things have not gotten that bad and I wonder what the larger issue is a Trulia with regard to these “blips”. I notice them all the time and most are the aggregate amount (like the house on North Bay Road) of the yearly lease amount.

Right now it’s kinda a free for all because so many people feed info to Trulia–some good and, well, others not.

]]> By: Matt Carter http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33579 Matt Carter Fri, 29 May 2009 00:25:53 +0000 http://agentgenius.com/?p=13047#comment-33579 Go to Trulia and search for homes in Miami Beach for under $100,000. I just did and got 244 results. Many or most are foreclosures. Here's part of the description for one: "This property is an REO (Real Estate Owned). This is the final step in the foreclosure process. Ownership has reverted to the lender. This 0 square foot property has 0 bedroom(s) and 0 bath(s). The estimated sale price is $2100." You can pick up homes in Detroit right now for $2,100, but I don't think things have gotten that out of hand in Miami Beach. That figure is most likely the amount of a lien against the property, not the lender's asking price. I'd be very surprised if any of the homes that came up in the search can be had for less than $100,000. Same issue crops up at other sites that carry foreclosure "listings" that aren't necessarily listings, but information on distressed properties culled from public records. Many of these homes are not actually on the market -- in some cases their owners may be trying to negotiate workouts with lenders. There's definitely a demand for that kind of info, but it can be confusing when these properties are mixed in with MLS listings... Go to Trulia and search for homes in Miami Beach for under $100,000. I just did and got 244 results. Many or most are foreclosures.

Here’s part of the description for one: “This property is an REO (Real Estate Owned). This is the final step in the foreclosure process. Ownership has reverted to the lender. This 0 square foot property has 0 bedroom(s) and 0 bath(s). The estimated sale price is $2100.”

You can pick up homes in Detroit right now for $2,100, but I don’t think things have gotten that out of hand in Miami Beach. That figure is most likely the amount of a lien against the property, not the lender’s asking price.

I’d be very surprised if any of the homes that came up in the search can be had for less than $100,000.

Same issue crops up at other sites that carry foreclosure “listings” that aren’t necessarily listings, but information on distressed properties culled from public records. Many of these homes are not actually on the market — in some cases their owners may be trying to negotiate workouts with lenders.

There’s definitely a demand for that kind of info, but it can be confusing when these properties are mixed in with MLS listings…

]]> By: Brendan Aiello - Team Tapper Realtors http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33500 Brendan Aiello - Team Tapper Realtors Wed, 27 May 2009 21:20:06 +0000 http://agentgenius.com/?p=13047#comment-33500 Happens all the time. The information given to trulia isn't always just MLS IDX. They use a company called, "Realty Trac" which gives trulia viewers abstracts of what is defaulting. The prices seen are usually what the home owner still owes or how far behind he/she is. Happens all the time. The information given to trulia isn’t always just MLS IDX. They use a company called, “Realty Trac” which gives trulia viewers abstracts of what is defaulting. The prices seen are usually what the home owner still owes or how far behind he/she is.

]]> By: Weekend in Rearview | Shout-Out Mania | My Realtor Jake http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33489 Weekend in Rearview | Shout-Out Mania | My Realtor Jake Wed, 27 May 2009 17:04:10 +0000 http://agentgenius.com/?p=13047#comment-33489 [...] brewing in response to a post about a discrepancy on Trulia (shout-out to Agent Genius blogger Ines Hegedus-Garcia). I’m a big fan of Trulia, Zillow, ANYTHING Google, etc and use them all the time. In fact, [...] [...] brewing in response to a post about a discrepancy on Trulia (shout-out to Agent Genius blogger Ines Hegedus-Garcia). I’m a big fan of Trulia, Zillow, ANYTHING Google, etc and use them all the time. In fact, [...]

]]> By: Joe Loomer http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33479 Joe Loomer Wed, 27 May 2009 12:32:30 +0000 http://agentgenius.com/?p=13047#comment-33479 When you get down to the smaller areas of the country - like my own - you find the mistakes become more prevalent. I've had past clients calling me (for some reason they believe I can fix this) about Google Earth showing their address on a home five doors down and across the street, and their home still showing as for sale on Trulia. I explain about going to the site and "claiming" the property and moving it, but the layman doesn't have the time or the inclination. They simply feel like it's something I did purposefully. Explaining indexing and other terms might as well have me going "blah, blah, blah." I have had positive experiences with Trulia Voices, which alerts me automatically to mostly relevant real estate questions from bonafide buyers and sellers in my town. For God's sake, let's not get on them for pulling data wrong . Our local MLS is finally kicking and screaming (and still somewhere around 2005), several websites index our properties with the bathrooms and bedrooms "flipped." Not good. When you get down to the smaller areas of the country – like my own – you find the mistakes become more prevalent. I’ve had past clients calling me (for some reason they believe I can fix this) about Google Earth showing their address on a home five doors down and across the street, and their home still showing as for sale on Trulia. I explain about going to the site and “claiming” the property and moving it, but the layman doesn’t have the time or the inclination. They simply feel like it’s something I did purposefully. Explaining indexing and other terms might as well have me going “blah, blah, blah.”

I have had positive experiences with Trulia Voices, which alerts me automatically to mostly relevant real estate questions from bonafide buyers and sellers in my town. For God’s sake, let’s not get on them for pulling data wrong . Our local MLS is finally kicking and screaming (and still somewhere around 2005), several websites index our properties with the bathrooms and bedrooms “flipped.” Not good.

]]> By: Kevin Tomlinson http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33469 Kevin Tomlinson Wed, 27 May 2009 01:45:28 +0000 http://agentgenius.com/?p=13047#comment-33469 OH man reading all these comments---there are some pretty nasty conspiracy theories cooked up here. Man! OH man reading all these comments—there are some pretty nasty conspiracy theories cooked up here.

Man!

]]> By: Kevin Tomlinson http://agbeat.com/editorials/point-purpose/trulia-discrepancy/#comment-33468 Kevin Tomlinson Wed, 27 May 2009 01:43:44 +0000 http://agentgenius.com/?p=13047#comment-33468 No, no guys. This is such a non issue and i said so. I said it back on the Trulia site and anyone who's been in the biz more than four months could see it: The property was listed for rent (originally at $45K per month) so $540,000 was the aggregate amount of the lease for a year ($45k x12). This is actually the rental listing that was being displayed. This is so not a crime. Almost a non-issue. No, no guys. This is such a non issue and i said so. I said it back on the Trulia site and anyone who’s been in the biz more than four months could see it:

The property was listed for rent (originally at $45K per month) so $540,000 was the aggregate amount of the lease for a year ($45k x12).

This is actually the rental listing that was being displayed.

This is so not a crime. Almost a non-issue.

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