So you wanna get started investing in Lubbock and you’re checking things out, eh?
Smart move doing your research first – that’s how you avoid costly mistakes in real estate. At Electrum Properties, we believe in empowering investors with knowledge. Here are some valuable tools we personally use and recommend for quick, effective research on investment opportunities in Lubbock.
The best part? Most of these powerful resources won’t cost you a dime!
Here are essential websites every serious investor should become familiar with:
1. Zillow
Zillow stands as the dominant force in real estate websites, continuously building an unmatched database of property information and wealth metrics.
Spencer Rascoff, Zillow’s CEO, has described their greatest asset as their “living database of all homes” – and it’s easy to see why.
While the Zestimate tool isn’t perfect (as many have noticed), it provides an interesting starting point. However, successful investors know they must analyze comparable properties and evaluate market conditions independently.
Invest time exploring Zillow to understand the details of properties sold in your target Lubbock neighborhoods. Try to decode the psychology behind pricing decisions and understand what motivates both sellers and buyers to agree on specific price points.
Remember, each transaction represents a small piece of the larger market puzzle – understanding these patterns can help you identify emerging opportunities.
For investors seeking to truly understand their market, Zillow offers tremendous value and insight.
2. Craiglist
Craigslist remains an incredible resource for finding hidden deals, if you’re willing to put in the time. Many exceptional properties are marketed with poorly written ads throughout Texas. Sometimes a valuable property receives just one inadequate listing – making thorough searching essential for finding these overlooked gems.
3. LoopNet
LoopNet stands as the premier platform for commercial real estate investing.
When you’re looking to market substantial commercial properties to institutional investors, this is the go-to listing platform.
While LoopNet occasionally features excellent opportunities, you’re competing with countless other investors. Success typically comes to experienced Grade-A investors working with top-tier brokers. This isn’t generally where beginners find their first deals.
LoopNet provides valuable insights into the Lubbock market and shows how major capital flows through real estate. You’ll gain surprising knowledge by tracking properties from listing to closing – patterns emerge that can inform your own investment strategy.
4. Auction.com
True to its name, Auction.com serves as a comprehensive auction marketplace featuring foreclosures, REOs, short sales, distressed properties, land, new construction and virtually every type of real estate that might become available.
Take time to review their auction calendar and consider attending some Lubbock auctions in person. These events offer excellent networking opportunities – you might even meet your future business partner or find a property that aligns with our cash buying approach at Electrum Properties.
5. Realtor.com
As the largest platform to search the MLS (multiple listing service), Realtor.com can sometimes be confusing with inconsistent data presentation.
However, it offers useful search alerts and notification tools that keep you informed when new listings appear in your target neighborhoods. Serious investors often find more value in developing relationships with excellent Realtors rather than relying solely on the website.
6. Walkscore
Many investors underestimate Walkscore.com – a significant oversight in today’s market.
Walkscore provides comprehensive data about any address, showing how potential renters or buyers will evaluate properties based on nearby amenities and accessibility.
This tool excels at identifying undervalued areas with high potential. When you find locations with high walkscores but relatively low prices, you’ve likely discovered an area poised for appreciation in the coming years. While exceptions exist, walkability has become a crucial factor in Lubbock real estate investment that aligns with our community revitalization focus at Electrum Properties.
These resources will help you develop a solid understanding of the Lubbock market when used consistently. Do your due diligence and thoroughly research the market before investing your hard-earned capital into any property.
Feel free to contact us anytime at 806-630-0875 – at Electrum Properties, we specialize in solving real estate problems and love partnering with investors on win-win deals that benefit homeowners and communities alike.
Looking for access to local Lubbock investment opportunities? We can help you find properties with strong potential!