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by alistairSH 2819 days ago
Agreed. While Redfin, Realtor.com, etc didn't cut a realtor out of my RE transactions (1 purchase a decade ago, then 1 sale + 1 purchase last year), they did do a good job showing me what was on the market. And not just at a single point in time (when I was actively shopping), but over years, so I could see neighborhoods that were smaller or had less turnover. While actively searching, the often gave me a heads up as to what was coming on the market in the upcoming week - I wasn't at the mercy of the RE agent calling me with new listings.

Unfortunately, agents in my area still take a pretty standard % of any transaction, so those tech sites haven't made a dent in the cost of the transaction.

2 comments

Everything from Zillow to online property listings to Google StreetView to just the Web generally probably makes it hugely easier to get a feel for the market, find properties, and scout locations than when I bought my house. But, based on friends who have bought and sold relatively recently, I'm not sure the process of actually making a purchase is much easier or cheaper and that's where the stress really lies. (Well, that and just inflated property values in locations many consider prime.)
How did you go about assessing the evolution of a neighborhood over time? Do any of them have visualization tools specifically for that?
No specific tools, but many home listings stay online for years. And any single home’s sale history is online too. Between the two, you can see how much a lake view is worth relative to the house one row away, or how quickly a neighborhood recovered from 2008, or the high and low sales over the last few years, etc.