Real Estate Professionals

Discussion in 'Property Information Resources & Tools' started by Zeehan, 28th Feb, 2018.

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  1. Zeehan

    Zeehan Well-Known Member

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    Do they use onthehouse.com.au in their research? Just wondering whether it’s very accurate.
     
    Zeehan, 28th Feb, 2018
    #1
  2. Xenia

    Xenia Well-Known Member

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    We look at anything that comes up but not rely on any one data source. Especially not that one.
     
    Xenia, 28th Feb, 2018
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  3. TMNT

    TMNT Well-Known Member

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    Thats probably one of the least reliable sources for real estate.
    They use paid subscriptions which are prettty damn good. Except for the valuations
     
    TMNT, 28th Feb, 2018
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  4. Rich2011

    Rich2011 Well-Known Member

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    Sales agents? Best way to estimate sales prices is look at recent comparable SALES, not asking prices. Any online estimates even from the paid subscriptions can be inaccurate.

    RP Data has an excellent map function that looks at recent sales with a good selection of search criteria.

    The difference between say on the house and RP Data is night and day.

    Hope that helps.
     
    Rich2011, 28th Feb, 2018
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  5. Sackie

    Sackie Well-Known Member

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    I don't really on any REA or research company for their data . Read everything if you like but at the end of the day its the in depth comparable sales research you do which is most valuable imo.
     
    Sackie, 28th Feb, 2018
    #5
  6. Tom Rivera

    Tom Rivera Property Manager Business Member

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    Those sources are excellent for raw data, but the valuations generally have to be considered with a pinch of salt. They aren't able to differentiate for things like unique features, zoning potential and outlier sales (e.g. transferred between families).
     
    Tom Rivera, 10th Mar, 2018
    #6
  7. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    most of the REA pro people that I know, they actually use air, networks and shoe leather as primary research tools, and thence do some confirmtion work with electronic tools, not the other way round

    ta
    rolf
     
    Rolf Latham, 10th Mar, 2018
    #7
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