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MLS Search vs. Finding Your Agent

By
Real Estate Agent with Zephyr Real Estate

This is a post that is dedicated to what might be the current real estate version of the chicken and egg question. I work in the San Francico market, so I'll be using my local multiple listing service, the San Francisco MLS to illustrate my examples. 

San Francisco is a real estate market in which individual agents compete for the right to exclusively represent a seller, but then market those properties in a cooperative MLS. This means that any agent from a member brokerage (basically, any reputable firm in town) in San Francisco will have access to all properties listed for sale in San Francisco, regardless of their own brokerage. 

There are a few exceptions to this - most new construction projects list only some of their homes in the MLS, not all of them. In addition, our Mayor's Office of Housing has some housing programs that will have resales that are often only listed on the mayor's website. Finally, even SF has a small number of FSBO's (for sale by owner), and these are generally not in our MLS. 

Depending on the time of year, there are roughly between 1,500 and 2,500 homes listed for sale in the San Francisco MLS. While your requirements will obviously narrow that number down a lot, that is a lot of data to sort and sift through. One of the things a great buyer's agent will do for you is to help narrow that data into a manageable amount but many home searchers today often begin searching for homes before they begin looking for an agent.

As a home buyer, what are your favorites websites to search for homes in SF? What features of those sites are most important? Is it more valuable to have a great interface for search, or are you more concerned with being able to store, sort, and share information about the homes that you like? Do you just sign up for an account at the first MLS search site you find, or do you spend time actively researching tools to search for homes in San Francisco (now that's getting meta, isn't it!?)

Are the tools that an individual agent offers you for searching the MLS important in your selection of a Realtor, or do you consider the MLS search tool and the Realtor to be a-la-carte items that you mix and match to best suit your preferences and needs? I'd love to hear your thoughts!

 

Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886

I have clients that have done extensive searching and research on the internet looking for homes-- but when they send them to me... many are no longer active.  That is why you need a buyers agent to help you find a great home in neighborhoods that we know!  Kathy

Jul 11, 2011 05:47 PM
James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado; Spring is here in the Rocky Mountains

May 16, 2012 01:25 AM
Mary Hillerman
Crye-Leike Realtors® - Bentonville, AR

Hi Matt and Britton,  Still true today if you want current and accurate information you still need a good buyers agent.  Have a great spring.

Apr 19, 2013 02:37 AM