LoopNet vs. Redfin

LoopNet is well suited for many different industries. Obviously it is great for real estate professionals or real estate buyers when researching properties that are available or may become available. The history of the properties provided is excellent and provides details that would be very helpful to the real estate industry. Facility Service companies are also well suited for the use of LoopNet. With the property information it provides it makes it much easier to get to the decision-makers when selling facility services or products. LoopNet may be less appropriate for product sales as these providers may need to be more connected with the occupants of the properties more than the owners.

Incentivized

They find home values using the price per sq ft rule. That's messing up the housing market home valuation models.

Incentivized

• Immediate alerts can be set up for new listings that meet your criteria
• You can map an area you are interested in searching
• The report writing has some decent functionality
• You can email prospects about your listing

Incentivized

• Attracts REALTORS LEADS.
• Sells us REALTORS, our own leads back.
• Mess up the Buyers or Sellers perception of their true homes values.

Incentivized

• There are often glitches on the sight from the searching to report pulling process
• The alert function for saved searches is very rarely functional
• The database search is often glitchy if you put in a high price limit, and no low price limit

Incentivized

• Put the Realtor back into the deal, as significant as ever!
• Stop messing up the formula for pulling comps. Compare apples to apples.
• Stop selling REALTORS back Their own leads.

Incentivized

LoopNet/CoStar representatives are ready to help and willing to come out to the office to give presentations or meet with the team at any time. They are a valuable resource when you are trying to utilize the program to its fullest advantage.

Incentivized

They are brother and sister. We used to have to input listings into both COSTAR and LoopNet and now they go hand in hand. If you use COSTAR, your listings automatically pop up on LoopNet. If an owner puts properties up themselves on LoopNet, they automatically show up on COSTAR. This is a great feature and listing marketing is better since this integration.

Incentivized

They're both doing the same thing to us, REALTORS! THEY'RE TRYING TO ELIMINATE A REALTOR FROM BEING NEEDED IN A TRANSACTION!

Incentivized

• The impact has been negative (as in worse than not having an effect), due to their inability to list simple details (that are commonly available through well known sources).
• What's even worse is that I am one of the data sources from which they source the information they advertise. But they are unwilling to take input from me (the one who hired them in the first place).

• They've messed up the way comps are pulled. The comparisons are not apples to apples but apples to oranges.

Incentivized