Hubzu is an excellent example of the real estate websites that exist to connect real estate buyers with real estate sellers. It has a considerable presence, as shown by the fact that it is run out of five locations on three continents, meaning that interested individuals shouldn’t underestimate its potential usefulness for them. Here are 10 things that you may or may not have known about Hubzu:
1. Caters to Real Estate Buyers
Hubzu caters to real estate buyers by providing them with a place to find real estate properties that they might be interested in. This can make for more effective and more efficient searches, which can be important when buying real estate tends to be such a complicated and time-consuming process.
2. Caters to Real Estate Sellers
With that said, it is interesting to note that Hubzu caters to real estate sellers as well. In their case, they can use the website as a place to post listings, which can help them tap into a potential market for faster sales as well as better sale prices.
Tracking is one of the numerous features included in Hubzu’s services for interested individuals. This is particularly useful for people who don’t want to take decisive action but are nonetheless interested in what happens next, thus enabling them to follow various real estate properties with minimal time and effort on their part.
4. Believes in Transparency
Hubzu states that it believes in transparency for its customers. In short, it believes in letting interested individuals see what is happening, thus enabling them to make the best-informed decisions for themselves. This is critical in business, particularly when it comes to something as reliant on sound information as real estate transactions.
5. Believes in Customer Control
On a related note, Hubzu believes in providing its customers with more control as well. Essentially, this means that they have more options so that they can use the services in the way that they choose rather than settling for something that is good enough. Under most circumstances, this provides interested individuals with the best possible chances of securing satisfactory results for themselves, which in turn, increases the chances that they will make use of said services in the future. As a result, providing customers with increased control can actually be beneficial for both the business and the customers.
6. Offers a Wide Range of Real Estate Properties
Interested individuals should know that Hubzu doesn’t specialize in a single kind of real estate property. Instead, it lists just about all of them. For example, if someone wants to find a single-family home, they can find it on Hubzu. Similarly, if they want to find a multi-family residence, they can find it on Hubzu as well. For that matter, the website will even list everything from multi-use real estate properties to land and mobile homes, thus showing its versatility.
7. Some of the Real Estate Properties Are Owned By Banks
Some of the real estate properties put up for sale on Hubzu are owned by private individuals. However, it is interesting to note that some of them are owned by banks and other financial institutions. In some cases, this can make for good opportunities for interested individuals, seeing as how banks and other financial institutions tend not to be too interested in hanging onto real estate properties for too long.
8. Supports Both Auctions and Traditional Sales
On a related note, Hubzu supports both auctions and traditional sales. Which real estate properties are sold through which methods can be distinguished by checking out their listings. As usual, interested individuals should remember that while auctions can provide them with outstanding deals, they can also cause them to overspend if they are not careful.
9. Information Must Be Verified
Unsurprisingly, the information used to register with Hubzu must be verified by Hubzu. After all, it is running a business, meaning that it needs a way to make sure that its users are actually interested. Moreover, it needs a way to contact them when that becomes necessary for the completion of a real estate transaction.
10. Last 4 Digits of SSN Are Not Stored
For instance, Hubzu requires interested individuals to submit the last four digits of their social security numbers for verification purposes. However, said information isn’t stored for the long run, which should provide users with some small measure of peace of mind.