Where To Find REAL Information About West Bank Real Estate - It's Not Where You Think!

By
Real Estate Broker Owner with Crescent City Living LLC

Recently, the big daddy of all real estate sites, Realtor.com, changed their look and added several new features designed to make it easier for home buyers and sellers to find out everything they need to know about buying or selling a house.  It's a nice looking site.  It's easy to navigate.  And it's a huge disappointment to me.

Why?

One of the big upgrades to the site is the inclusion of home valuations or "What's My House Worth?".  Unless you are the type of person who looks at every inch of a screen or reads all of the fine print, you might miss this disclaimer:

Calculated estimates?

Or this one:

18 months?  Really?

Or maybe even this one:

Old AND incomplete?

Hmmmm...very interesting.  Or not.

Calculated estimates?

I'm pretty sure that when you are trying to find out the value of your West Bank home, you want real information, not calculated estimates.  I'm positive that if you are considering selling your home you need to review the real market data to know how to properly price it to compete with the other homes for sale in the area. 

18 months?

In today's market, appraisers are looking for comparable sales that have taken place within the last 90 days, but will go as far back as 6 months if needed.  18 months in the real estate market is a lifetime ago and has no bearing on what your home is worth TODAY.  I'm astounded troubled by the fact that a site that says it promotes the value of using professional REALTORS would put out information that is basically useless, even if the disclaimers say to contact a local real estate professional.

How to Find Your Home's Value

In my opinion, the only real source for local real estate information is a local expert.  And I don't just mean someone who has a Louisiana license.  I mean someone who is familiar with the real estate market in YOUR community.  Do you live in Metairie or the River Parishes or the North Shore?  Call a REALTOR who works that market everyday.  If you live on the West Bank of New Orleans, I invite you to call me.  A free, accurate market analysis is just one of the services I provide...without all of the fine print.

Lisa Heindel New Orleans West Bank Real Estate Specialist

Copyright 2008.  Lisa Heindel and West Bank Living.  All rights reserved.

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Topic:
Home Selling
Location:
Louisiana Orleans Parish New Orleans
Groups:
Dedicated Bloggers
Internet Empowered Consumer
Local Expert
Posts to Localism
Realtors®
Tags:
west bank living
lisa heindel
home selling tips

Comments 50 New Comment

Rainmaker
364,097
Lisa Heindel
New Orleans Real Estate Broker
Crescent City Living LLC

Donna, we won't even get into how they charge agents to advertise the listings that are provided to them FREE by our MLS boards!

November 06, 2008 01:04 PM
Rainmaker
917,288
Georgie Hunter
Maui Real Estate sales and lifestyle info
Hawai'i Life Real Estate Brokers

That's really interesting - I always thought sales data was public record.  That's makes your job more valuable.

November 06, 2008 09:44 PM
Rainmaker
364,097
Lisa Heindel
New Orleans Real Estate Broker
Crescent City Living LLC

Georgina, I'm not sure where they are getting info from - our tax assessor data is public, but they don't make it easy for people to get the information without going and searching for a specific property manually.  The end result is the same though - buyers AND sellers need a local expert who knows the neighborhoods, not a computer system that doesn't.

November 07, 2008 12:04 PM
Rainmaker
175,057
Rebecca Levinson, Real Estate Marketing and Online Advertising Consultant
Real Skillz-Clear Marketing for Your Real Estate Vision

Excellent post Lisa.  A consumer facing real estate site that is supposed to be advocating the use of professional REALTORS should do a better job than this......OR how about,

Leaving it to the local professionals:-)

November 08, 2008 05:28 PM
Rainmaker
364,097
Lisa Heindel
New Orleans Real Estate Broker
Crescent City Living LLC

Rebecca, thanks for stopping in.  I'd love to know your opinion from a consumer's perspective of the site (if you've seen it) - would those disclaimers and ** be obvious to you, or would you only focus on the search results?

November 08, 2008 05:51 PM
Rainmaker
364,097

Lisa Heindel

New Orleans Real Estate Broker
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