The local MLS (WFRMLS) gives you search capabilities you
just can not get from public sites like realtor.com, utahrealestate.com, or
redfin.com. It is nice to have a Realtor
handy to do a search for you and then set that search to run automatically
every day or week. Here are a few of my
favorite searches that I like to run when looking for homes. If you want me to set up a variation of any
of the following for you, let me know.
The just listed search. I will go back a few days on the search to
see what has come on the market recently.
This is a great way to keep on top of the market and on the lookout for
fresh deals.
The listed for 90 days search. The opposite of the just listed search but
with the same intent. You are looking
for deals. And in this case you are
hoping to find sellers that have been listed for a while and are now getting
desperate.
The REO/Short Sale/Seller Financing search. You are looking for sellers with unique
circumstances. Short sales, REOs, and
Seller Financing deals, each have their risk and rewards. Being able to search for them on the WFRMLS
can save you a lot of time narrowing down to the specific seller that fits your
situation.
The sold search. This is the one I do when I figure out my
absorption rates for neighborhoods in Salt Lake. I just look a the number of homes that have
sold in a zip code in the last 30 days and divide that number by the number on
the market. Then I have a great snapshot
of current market conditions
The mother-in-law search. A handy search since there is no way to do
this easily on public sites. I search
for all homes with 2 or more kitchens and most of the time it brings up the
mother in laws in the area. Unless the
agent forgot to mark two kitchens of course.