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 Buffalo 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 Buffalo 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.
Zillow’s data may not always be up-to-date, leading to inaccuracies in property listings, price information, and availability. Real estate markets change rapidly, and relying on outdated data can lead to missed opportunities or incorrect assumptions about a property’s value.
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 Buffalo Brick & Mortar LLC, many of our very best deals never make it to Zillow or the MLS. If you are looking for off-market deals in Buffalo, we are certain we will be able to help you!
Zillow may not have access to the full spectrum of available properties, particularly off-market or unlisted properties. Many deals are transacted privately or through real estate agents and may not appear on Zillow, meaning you could miss out on potentially lucrative opportunities.
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 Buffalo Brick & Mortar 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.
Zillow primarily serves as a listing platform and may not provide the in-depth investment analysis that investors require. Successful real estate investing involves evaluating factors such as potential rental income, operating expenses, cash flow, and return on investment. Investors should conduct their own financial analysis or work with professionals who specialize in real estate investments.
In conclusion, while Zillow and similar websites can be useful for initial property searches and general market information, they should not be your sole source of information when looking for real estate deals in Buffalo. It’s essential to conduct comprehensive due diligence, work with local real estate experts, and use a variety of sources to ensure you make informed investment decisions.
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 Buffalo real estate. If you are looking for investment properties in Buffalo, reach out to our team to learn more about how we can help you reach your investment goals! 716-403-2016