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

• LoopNet needs to do a better job of sifting through to delete old and stale listings. These listings are inaccurate and clutter a report to lower its credibility.
• I am not a fan of the reporting. As a broker, I can make sense of the reports but the public is not always as savvy.

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

LoopNet is the most well known, with the widest audience. This is why I selected it. But, they cannot get the simplest of details correct for the purpose of advertising the listings I have for sale. When they can't get even a unit count correct, why bother? Not to mention that getting those sorts of core details wrong is actually damaging to the marketing efforts.

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

Incentivized

• Time saved in researching owners has helped our sales and ops teams greatly.
• The ability to research properties from the computer in lieu of in-person is very helpful.
• One person can research as many properties as a team of people in the field in a much quicker time frame.

Incentivized

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

Incentivized