Thoughts on RealtyTrac.com

Hi. Has anyone been able to compare Realtytac.com with any other websites? they charge a $50/mo. fee. They give you info on REO’s, Foreclosures and FSBO’s. Is it worth the fee?

for the value RT is fine… their problem is limiting you to 300 exports a month and that they group near by zips within your search which is a pain…If youre in California there are a few other sites that may be a better match however they are a lot more expensive…

County Records Research and Retrans are a couple. The key is that if you dont use the info then it is all too expensive… I would ask my title company for the list first…

Also NODs/LisPens are just one of the six groups you should nbe marketing to to find great deals and one of the groups is fairly easy…

Good Luck

Michael

PS Youll need a software system to import the data into so you can direct mail to them and keep track of your progress.

phlemboy,

I have been a member of RealtyTrac for one month now. I have found quite a bit of the lead information to be dated and incorrect.

Maybe it is a quirk in the data collection for my local area, but, so far I have not found RT to be reliable and have not tried to market to the pre-foreclosures. Also, it appears that all the pre-foreclosure properties are MLS listed, so there may be an agent mucking up a possible deal. Hope I have it wrong, and my concerns will prove unfounded as I gain more exposure to RT.

Michael,

What software do we need? I have MicroSoft Office, will that do?

Thanx. I tried the 7 day trial but was unable to properly put it to the test. I guess $50/mo. isn’t too bad if you can see if it works in a timely fashion.

Did you cancel your subscription? If not, then you automatically become a paid subscriber.