Late last year, the Wall Street Journal published an article showing how people are going dumpster diving and selling items such as electronics, books, and toys as new on Amazon to unsuspecting buyers. Because Amazon on has limited control over its third-party sellers, buyers need to be extra aware of what they’re getting.
How does this apply to real estate? Websites like Trulia and Zillow are popular and useful resources for researching listings. They provide a vital tool when you’re seeking a property that you may need a Florida hard money loan for. However, much like Amazon and its third-party sellers, what you receive may not be entirely accurate.
If you dig into Zillow’s disclaimers, there is information stating that school data accuracy, for example, is not guaranteed and it may not be current. Hence, because these websites function as something of an information conduit, you may not be seeing the most accurate data in regards to something like the square feet of a property. This may affect values and you may lose money. It is vital that you do your homework when researching listings.
To read the Wall Street Journal article, visit https://www.wsj.com/articles/you-might-be-buying-trash-on-amazonliterally-11576599910.
This update is by hard money loans Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on Miami mortgage brokers or Tampa hard money lending, please call 954-816-0388 or fill out our application.