Why loopnet has such a bad reputation?

2 Replies

I'm searching on loopnet and found a property that is only listed on loopnet. the number provided by the seller look good, seem to be better than roofstock. My question is why is loopnet has such a bad reputation? and why the broker only list this particular property on loopnet, while other listing was on multiple site?

John,
I check loopnet often. Got a great deal on an 8 plex there last year. I currently have a portfolio listed there only (not in MLS) because I’d have to list each house separately if on MLS (and I don’t want to sell them separately).

I think people hate on loopnet because it has a lot of less desirable properties. To me, it’s one of several possible sources to check.

Good Luck!
Chris