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Back in 2019, the Wall Street Journal published an article detailing how third-party Amazon sellers were using discarded electronics, toys, and books to sell as new to otherwise oblivious customers. Buyers were being encouraged to be extra vigilant regarding these sellers due to Amazon’s limited control.

What does this have to do with the real estate industry? For researching listings, websites such as Trulia and Zillow are common and valuable tools. When you are searching for property for which you are considering using a Florida hard money loan to purchase, they are a critical asset. However, there is the lingering possibility that the information presented may not be entirely factual or current, just as Amazon and its third-party retailers.

If you look into the disclaimers of Zillow, there is material indicating that, for instance, the quality of school data is not assured and might not be current. Therefore, since these websites act as more of a means of serving information, concerning something like the square feet of a house, there is the possibility the most precise details aren’t being displayed. This may impact values and it’s worth keeping in mind if your property purchase is meant as an investment. When researching listings, you must do your research thoroughly.

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 Florida hard money lending, please call 954-816-0388 or fill out our application.

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