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crystalwillett Category: Business Strategies
Current Grade: A
Total Views: 2022
Member Comments: 9
Posted on: 03/11/2007
Posted by: crystalwillett
Blog Points: 5079
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I lease optioned a house in Cary, which is about an hour away from me.  It is a growing town just next to Raleigh NC.  I have never had a house there and it's all new to me.  New people, new attitudes and a much higher price ranged houses! 

I've packed my bags and moved over in the house while I work on it.  It shouldn't take too long to fix up (it's not too bad).  I put an ad on www.craigslist.org and already people are interested in looking at it, even though I'm not finished painting and fixing small things.  I started last Monday with the worst of the worst things in the house and have been working from the worst to the least as I go along.  That way, when people come to look at it, they may want to finish it and I am done!

I have someone coming on Monday to look at it, so wish me luck.  After this... I want to take a vacation!!!! (acutally, I have another house in mind already... but a mini vacation would be nice!).

anyway,... I plug for Craigslist!  That site is a great FREE advertising place! It's also great to find deals for rehabbing, also!

Do YOU use it for advertising? 

I also have used www.zillow.com for comps in the area.  I found that zillow is a little high MOST of the time, but a ball park can be found and you can see a list of houses around your house that has been sold recently and compare the price difference in the actual amount and zillow's estimate.  I am using that figure to set my price for my house.  Have you tried it?

 

Vieving 1 - 8 out of 8 comments
adjusmc84

Posted By: adjusmc84 on 12/17/2008
Great information I am new to all of this and love new info.
 
Jeff_Tumbarello
Ambassador
Posted By: Jeff_Tumbarello on 10/21/2007
something to think about, zillow is all about gathering data, its designed to gather trigger leads
 
West Coast Dave
Ambassador
Posted By: West Coast Dave on 05/06/2007
Zillow can be all over the board, and takes ino account sale's price, location, bed / bath size - But not condition. You can do a major rehab that zillows and it's friends won't care about.
 
morecashflow
Ambassador
Posted By: morecashflow on 03/17/2007
In most of the areas in WA - I find Zillow to be on the conservative side. I also use www.cyberhomes.com they are powered by Fidelity Title, their valuations seem a little higher. I use both Zillow and Cyberhomes as valuation tools.
 
DistressedAssets
Ambassador
Posted By: DistressedAssets on 03/14/2007
oops one more- try front page or frontpages.com (a new craigs list of sorts)
 
DistressedAssets
Ambassador
Posted By: DistressedAssets on 03/14/2007

Aree 100% about zillow, a tad off the mark in some areas, but still for free you cant complain right?? Craigs list is great. I have had tremendous success with it. Found 3 tennants in 72 hours, but I will warn as its popularity grows in certain areas it becomes more of a game to deal with the sheer volume. I have found our area went from a few hundred in the RE section to many thousands in three years..... all in all persisetence pays with the site- you must be dedicated to keep updating ads even when there is no response or keep tweeking it.... but be careful not to violate the TOS (terms of service) or they will black ball you......

Good Investing!!

TT

 
MC Homes LLC
Ambassador
Posted By: MC Homes LLC on 03/14/2007
I use craigslist all the time to look for good deals.  Unfortunately Zillow must have a prejudice against Kansas.  It has 3% of houses in Kansas listed.  I am in Kansas City which is one of the biggest cities in Kansas and it does not have information for my area.
 
Homes In America.net

Posted By: Homes In America.net on 03/11/2007
Good luck on Monday. I hope you send it then take a break, Craigslist and zillow are two that I use and we place everything that we have on our website http://www.homesinamerica.net which we offer free advertising as well. If you decide to login to ours let me know how the process went for you as we are just getting the login function up and running. Any feedback would be great. freeads.com is one we get a few hits from. loopnet is a paid website mainly for the commercial end that gets a few hits.