Real estate investors are always on the lookout for great deals in their preferred markets. With the advent of online real estate marketplaces like Zillow, finding properties to invest in has never been easier. However, relying solely on Zillow might not be the best approach for investors looking to make smart investments in the Memphis area. There are many inaccuracies, inconsistencies, and problems with relying on bare-bones data alone. In this blog, we will explore five reasons why investors shouldn’t rely on Zillow when looking for deals on Memphis real estate and why working with a professional buyer is a more reliable option.
1. Inaccurate Data
One of the biggest issues with relying on Zillow for investment property deals is the accuracy of the data. Zillow relies on automated algorithms, which can sometimes lead to errors in listing information. For example, a property may be listed as having three bedrooms when it actually has four, or the square footage may be incorrect. These inaccuracies can lead to investors making bad decisions and potentially losing money in the long run. If you are interested in a home you see on Zillow, be sure to go see it for yourself to ensure it matches the website’s description.
2. Limited Inventory
While Zillow has a vast inventory of properties, it is not exhaustive. There are many off-market properties that are not listed on Zillow, which means investors relying solely on the platform may miss out on great investment opportunities. A professional buyer, on the other hand, has access to a wider range of properties, both on and off the market. For example, at Memphis Investment Houses, many of our very best deals never make it to Zillow or the MLS. If you are looking for off-market deals in Memphis, we are certain we will be able to help you!
3. No Personalization
Zillow is a one-size-fits-all platform that does not take into account investors’ individual needs and preferences. It does not offer personalized recommendations or insights about the market. A professional buyer such as Memphis Investment Houses, LLC, however, can provide a tailored approach to finding the right investment property based on the investor’s specific criteria. You will not be forced into one box or shown only one type of property. We will work with you to help you find the ideal investments for your needs, goals, and portfolio.
4. No Human Touch
Real estate is a people business, and relying solely on Zillow means missing out on the human element of the industry. A professional buyer can provide valuable insights into the local market and help investors navigate the buying process. They can also provide a more personal touch and build a relationship with the investor, which can lead to better investment opportunities in the future.
5. Lack of Expertise
Investing in real estate requires a certain level of expertise, which Zillow cannot provide. A professional buyer has years of experience in the industry and can offer insights and advice that Zillow cannot. They can also help investors navigate the legal and financial aspects of the buying process, ensuring a smooth and successful transaction.
While Zillow can be a useful tool for real estate investors, relying solely on the platform can lead to missed opportunities and bad investments. Working with a professional buyer who has access to off-market properties, personalized insights, a human touch, and expertise can provide a more reliable and successful approach to investing in Memphis real estate. Reach out to our team to learn more about how we can help you reach your investment goals! 901 – 443 – 4660