Tru-Lo Doesn't Always Get it Wrong
Now on with my post. As real estate agents, we spend a lot of time defending factual data against Tru-Lo and it can be quite frustrating. More often than not, I have personally encountered more inaccurate data from Tru-Lo as a result of consumer inquiry, but sometimes they are right on the money.
Yep, sometimes the estimated values on Tru-Lo are actually in the ball park. But here's a tip to consumers: Even though Tru-Lo gets it right on occasion, you won't actually know whether the information is right or wrong until you consult with a Realtor® in your market. If you go so far as to contact the right agent, you can trust them to verify (confirm or deny) what these sites are reporting.
Of course if estimated on the high side, sellers will be hard pressed to take the data driven results of a real estate agent that tells them that Tru-Lo actually got it wrong.
On the buyer side, we'll be hardpressed to get them to accept thefact that Tru-Lo grossly underestimated the value of a particular piece of property.
Personally I've had listings to appear on these sites long after the listings had sold, expired, had price changes or withdrawn/cancelled. In the end Tru-Lo is a nemesis of sorts to real estate pros, and like it or not, they aren't going away. So can't we all just be friends AND take advantage of the inquiring minds that contact us even with inaccurate data from Tru-Lo. The consuming public has a right to have the record set straight and we can do it.
Charita Cadenhead, Your Metropolitan Birmingham, Alabama Real Estate Broker of Choice
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Charita H. Cadenhead, Realtor®
Keller Williams Realty Metro North
Gardendale, AL 35071
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