More Online Real Estate Tools

We previously mentioned several online real estate tools. Some other sites include:

HotPads.com

This is one of the few sites that also list foreclosures. The online foreclosure information is a bit of a racket. It should be easily searchable free information as it is provided by local courthouses. But all sites that offer foreclosure information charge regular fees. Even HotPads does so, but if you know a neighborhood, you can often determine the house under foreclosure using their detailed maps.

HotPads is good for market research, as it breaks down household income, population density, age, and rent ratio. You can see in this map that the very north of Arlington has relatively few foreclosures, while everything beyond it in Virginia is near or above a rate of 1 in every 150 houses under foreclosure. D.C. and Maryland have fewer foreclosures, presumably because state laws there have made foreclosures take longer for the banks.

Homesdatabase.com

Homesdatabase is another search site that allows you to search for MLS listed houses without needing a realtor.

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