Home Buying in Miami Beach>Question Details

Johanna Bass…, Real Estate Pro in Miami Beach, FL

Trulia should not accept auction.com properties. It misleads the public as far as real cost of acquiring

Asked by Johanna Bassols, Miami Beach, FL Sun Nov 17, 2013

A property for sale in a public auction has other costs related to its acquisition, backed up taxes and maintenance, possible liens, cannot be seen or inspected unless a few exceptions.
The worse happens when this statistics make it part of the market analysis that trulia offers to buyers and then months later they think they can actually buy anything in real life at the asking price of an auction.
Same thing with realty trac, these properties are not yet on the market and they might not make it. Some of these Los pendens are just people trying to qualify for re-financing.
Trulia is becoming less and less trust worthy for home buyers, we need a site that sticks to real sales. Even some lazy appraisers use their tool to determine market prices totally screwing any chances of buying a property at real prices for those with financing.

A realtor is free for buyers, as your realtor for a market analysis of the kind of property and location of your interest.

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Answers

2
Agree with the Auction.com listings. But clearly they are a big advertiser with Trulia, so they will not stop publishing them.
0 votes Thank Flag Link Sun Nov 17, 2013
Agree with the Auction.com listings. But clearly they are a big advertiser with Trulia, so they will not stop publishing them.
0 votes Thank Flag Link Sun Nov 17, 2013
I know, unfortunately. At least is good for buyers to know that this is not an acceptable comparable.
Flag Mon Nov 18, 2013
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