We all want information.  We can't get enough of it.  

The internet has given us the incredible ability to find information efficiently and quickly.  Sometimes, though, we don't get quality or complete information.  It's important to be critical of the information that we receive, whatever the source. There is some quality about getting information from the internet that creates a belief that it is flawless.  

Buyers and sellers, of course, want all the available information about the market.  The internet is a natural resource to get information and as everyone knows, most buyers and sellers use the internet to review home prices and available homes even before becoming serious and motivated to buy or sell.

There is a wealth of information out there, but how dependable is it?   I have numerous buyers that I send listing to, show them available homes and help them make sense of the market before they make an offer. Something that frequently happens, however, is that my clients will go to sites such as Trulia, Redfin, Zillow, and others, and will send me homes that the site shows as being currently for sale.  Without fail, the homes that they send are not currently available.  They will be homes that previously transferred through foreclosure, have been cancelled or are already in escrow.  The sites show them as still being available but they aren't.   

Licensed real estate agents have access to the official Multiple Listing Service (MLS), and one of the greatest reasons to only allow licensed agents to access and change data in the MLS is for data integrity.  Like any other profession where reliability of information is imperative, the more people who have the unrestricted ability to change the information the greater the likelihood of poor data being included.  

Whether a buyer a seller, working with a Realtor has incredible benefits.  One of those benefits is being able to get the most up to date and accurate information available.  Sites outside of the MLS have some great information, but only a licensed agent can provide the best data available.

 

4 Comments on Who Gives You the Best Property Information?

JAN
12

"I have numerous buyers that I send listing to, show them available homes and help them make sense of the market before they make an offer. Something that frequently happens, however, is that my clients will go to sites such as Trulia, Redfin, Zillow, and others, and will send me homes that the site shows as being currently for sale.  Without fail, the homes that they send are not currently available.  They will be homes that previously transferred through foreclosure, have been cancelled or are already in escrow.  The sites show them as still being available but they aren't.

I love it when consumers find themselves in this situation - that their trusty sites are actually rusty. It opens the door for a real value conversation about the services we provide!

1:36am • #1
100,154 Points 1 Featured Post

I agree with Patrick....   I love being able to 'help' a consumer learn that the sites you mentioned are not always up-to-date!  Then again, the MLS is only as current as Agents make it to be.

1:56am • #2

Hi Deborah,

Unlike Zillow and Trulia, Redfin is an MLS powered sites with local agents in every market we serve.  Of course I am biased, but I find the Redfin search tools easier more powerful (with the exception of agent only remarks) than the MLS.  We have past sales data as well as price reduction history all on an easy to navigate and lightening fast map.  Check it out, you might like it.

And if you ever find a property that is showing on our site that is not active in the mls, please let us know.  We strive to have the most accurate data possible. 

 

Thanks

Rob

 

 

Rob McGarty
11:18am • #3
JAN
13
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Patrick and Nancy: I completely agree that it does provide us an opportunity to have a meaningful conversation with our clients. Thanks for the comments!

Rob: Thanks for your response.  Even Redfin isn't an MLS site.  Redfin relies on info from each areas MLS and depending how the info is transmitted to Redfin, there is room for error.  I had one client send me 6 listings found on Redfin, all which had issues.  Any site which receives info from our MLS, is at risk for misinformation. I have a great IDX with my site, but I have found errors there too.  The best info will always be directly from the MLS, not through aggregators.  I'll let you know next time I find errors.  :)

12:26am • #4

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Deborah-hires Rainmaker_large

Deborah Engel, San Diego Homes & Property

San Diego, CA

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Prudential California Realty

Cell Phone: (858) 829-1989

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San Diego real estate discussion. MLS updates, property and market analysis. First time homebuyers, relocating homeowners, selling and buying homes.


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