To put it very candidly: RealtyTrac sucks!
I subscribed to their leads for a while and without fail, people emailed me thinking that they could buy property in San Francisco for ridiculous amounts of money. Some guy was adamant about a condo near me on Franklin that he was convinced he could buy for less than $50,000!!
Almost every time that I checked something out, it was the loan amountâ€”or default payments--that people were misconstruing as the price. Or the property was already â€œrescuedâ€ by someone or in escrow for $800,000 when someone thought that they could buy it for $200,000.
Bottom line, the RealtyTrac price is NOT a real price andâ€”in my experienceâ€”their info is rarely accurate.
Other Realtors, donâ€™t waste your timeâ€”or moneyâ€”paying for these leads. Buyersâ€”check it out with a reputable Realtor who has access to real data and frequently the story behind it.
Keller Williams San Francisco Properties