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Real Estate Anyone use RealtyTrac?

Discussion in 'Real Estate Investing' started by MJ DeMarco, Aug 4, 2007.

  1. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Anyone use RealtyTrac for foreclosure leads? Any good?
     
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  2. andviv
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    andviv Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    a co-worker did

    One of my co-workers used it to look for his new home. Yes, it had some good leads, but the problem is they listed ALL available, not only pre-foreclosures but also regular FSBOs, so he had to spend a lot of time filtering his searches. I don't know if he still has his account though. I played with it a little bit and noticed 2 pre-foreclosures and one REO two blocks down the street.
     
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  3. Runum
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    Runum Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    New guy here. I am using RealtyTrac right now. I began the fist of June and I've only gotten one solid lead so far from them(preforclosure). I am beginning to think my focus is too narrow. I will stay with them for a couple of more months to see what happens.:cheers:
     
  4. S928
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    S928 Contributor

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    I used RealtyTrac to track down and purchase a foreclosure, so it worked out well for me. One thing I noticed was that many of the published listings ended up changing their auction date right before the auction. Yet, that's the nature of foreclosures .. at the last minute something changes the dynamics of the sale and the auction ends up being postponed. Give it a shot - it's well worth the monthly fee.
     
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  5. tbsells
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    tbsells Contributor

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    I had bad experience with RealtyTrac. The information was very old and therefore useless. Many of their "current" listings were sold months ago.
     
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  6. bflash98
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    bflash98 New Contributor

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    The best source I have found are local companies that are supplying this information to investors. If you go down to the courthouse where they auction off the properties in your area there will probably be people there with flyers advertisng their services. Usually there is an upfront fee and then a monthly fee or you will pay a % of the purchase price of a house that you buy at auction.
     

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