Updated over 5 years ago on . Most recent reply
What I found while searching BP marketplace
Hello all!
So this evening I decided to check out the BP marketplace to see if any new deals could be found. What I came across is that roughly 60% of the listings are foreclosure.com listings, 39.99% were listed over a year ago, and .01% were active member listings. I figured this could be because I'm in the south Florida market. So I expanded my search, treasure coast same thing. SW Florida, same thing. Central Florida, same. At this point I left Florida and decided "Hey BP is headquartered in Denver, I'll check there". Well much to my surprise I found it to be about the same as well. This peaked my curiosity and I now would love to know other market findings. Anybody out there finding strong posts to marketplace in their area? Just to be clear I am not looking for the deal in your market, I am (for some strange reason) really curious about this.
Most Popular Reply
Hi @Jay Meola and welcome to BiggerPockets!
Since Foreclosure.com is a marketing partner, I'm not too surprised that they advertise their listings in the BiggerPockets Marketplace.
However, your "39.99%" estimate for outdated listings is truly alarming, if it holds true across the board!
I personally use the Marketplace to present my deals, and I've had them all over, including in Georgia, Michigan, Texas, Ohio, and Missouri. For the record, I have found buyers and closed deals this way!
Post closing, I'm very careful to take down my listings. However, since everyone apparently isn't so mindful, there probably should be some provision for automatic removal of zombie listings.