What is the actual price listing for this property? $279,900 or 845,000?

Asked by Kimberly Leftwich, Burtonsville, MD Wed Apr 22, 2009

--
This question is about this property: http://www.trulia.com/property/1078203983-11417-Cedar-Ridge-…

Help the community by answering this question:

+ web reference
Web reference:

Answers

6
Brandon Green…, Agent, Washington, DC
Wed Apr 22, 2009
Kimberly,

We shouldn't debate points regarding Trulia's lack of IDX feeds or claims that Long and Foster and Redfin (which are affiliated with one another) and HomesDataBase offer better search tools. I will emphasize, however, that Trulia offers an outstanding Q&A section -- I think much more user friendly than other real estate-oriented websites. Very obviously, a buyer does not need an agent to see homes online, but even the other recommended websites only offer a portion of all homes available for sale. For example, some agents and firms, such as TTR Sotheby's International Realty, maintain lists of "private exclusive" property listings -- homes which are available for sale but not publicly advertised on any of these websites. Further, some agents and firms also have access to larger listings of foreclosure and REO (bank-owned) properties, most of which are not on these websites.

In short, if you are actively looking to buy a home, you are best served by an agent who understands that a property search is about more than which online search engine is the best.
0 votes
Bruce Lemieux, Agent, Gaithersburg, MD
Wed Apr 22, 2009
Hi J.P.,

Trulia's listings are not populated and maintained from an IDX feed, but are populated by only *some* of the local brokers. If a buyer wants to see all homes available, then they should use a site that's integrated with our local MLS. HomesDatabase.com is a great source, Long and Foster and Redfin have a great sites, and there are others. In short, Trulia is not integrated into our MLS which is the source of listings, so it doesn't have all listings. Buyers want to see all available listings, so I would never recommend this site to a buyer to search for homes.

A prominent blogger in Phoenix looked at Trulia for his market and found they only had 64% of the listings for his area. http://www.phoenixrealestateguy.com/where-to-search-for-home… I would expect a similar gap for our listings.

An agent definitely can add value to a buyer's home purchase process, but a buyer doesn't need an agent to see homes online.
0 votes
Brandon Green…, Agent, Washington, DC
Wed Apr 22, 2009
Kimberly,

You certainly have received some very thoughtful answers, although I disagree with Bruce that Trulia is a "horrible place to see properties." I think Trulia is a good place to start, but ultimately a skilled, experienced real estate agent will provide you with more information, from exploring financing options, to the search process, to the contract, to negotiation, to hiring competent home inspectors, etc. Best, J.P.
0 votes
Richard Helb…, , Bethesda, MD
Wed Apr 22, 2009
Dear Kimberly,

That would be some deal at $279,000! And, yes a Trulia error. The clue was in Trulia's own "this home compared to (zip code) 20854", where this one is -83%. A wonderful neighborhood by the way, and this property has been on the market for 107 days, price reduced from an original $875,000...which is to say: its about time to make an offer, (that you feel comfortable with!) We would be happy to help. Cheers,

--RICHARD--
301-801-2970
0 votes
Hill Slowins…, Agent, Bethesda, MD
Wed Apr 22, 2009
The price according to MRIS is $845,000.

Hill Slowinski
WC & AN Miller
301-320-8430
hslowinski@longandfoster.com
0 votes
Bruce Lemieux, Agent, Gaithersburg, MD
Wed Apr 22, 2009
Hi Kimberly - Trulia is a great resource for real estate information. However, it is a horrible place to see properties. It's incomplete not showing all active listings, it's often inaccurate (like with this listing), and old listings are often shown as active. This property is listed for $845K - http://matrix.mris.com/Matrix/Public/Email.aspx?ID=30340293195

There are a number of sites to see current active listings. I work with a very good home search provider - http://mocorealestate.com/search-homes/

Good luck.
0 votes
Search Advice
Search
Ask our community a question
Property Q&A in Potomac Zip Codes

Email me when…

Learn more