Buying
a Home? Don't trust just any website!
There's a reason your agent recommends you look at certain websites for
your home-shopping.
And it's not just because we want to make sure you stick with us!
A lot of websites pull straight from
our MLS sytem - the database that maintains the status of all
listed homes for our region. That's a good thing, as it means
their data is as accurate as the MLS's. This is called IDX,
which you might see mentioned somewhere on that website. These are the best kinds of sites to search
for homes. There are still variables such as how often the IDX
updates the site. Mine pulls live searches everytime, so is
effectively 'real time', where some may update at midnight, or twice a
day, etc. They're still better repositories because it is the
most up to date info and will reflect if a home has sold or gone under
contract as that home will simply not show up any longer.
Then there's the other ones. Some
of these other sites are manual sites, requiring homes to be
input manually, or pulling from other locations where homes are input
manually or rarely updated. The problem with that is these sites are
often very out of date and often do not have all the homes for
sale. If you can imagine for a moment, we have about 100
homes go on the market on any given day. Do you think someone is
sitting there at that website entering in every home every day?
No way! It'd be cheaper to do an IDX than waste someone's time like
that! Many magazine sites work this way, and I rarely find that they
update the status of the home to indicate if it has sold. They
just put up the homes as they get new magazine ads in. And not
all agents use Magazines for their listings, so you'll miss most of the
homes for sale using their sites.
Some of those sites pull their
listings from syndications - the agent selling a home has put it
on a website somewhere, that feeds information to other websites.
The problem with these is that only the homes that are put on that
original site that show up and not all agents put their homes in the
same online locations, so you may not be seeing the full number of
available homes. Another big downfall is the lack of
updating. It will pick up a new addition, but hardly ever does it
reflect if that home has gone under contract or sold. I've had buyers call me up with listings
for homes that sold a year ago, that are still showing up on some of
these sites.
Sometimes you think you're in a completely legit place and you STILL
find a bad ad. Take this example:
My buyers found a home they wanted to
schedule for a showing. I looked and it was nowhere on the MLS
system in any variation of spelling. They told me they'd found it
on Realtor.com (which SHOULD be a good source!). So I went there
and found the ad. It was listed through a company out in
California, with a California MLS id. The seller basically had
paid a small fee ($295) and gotten their home put in the cheapest MLS
they could find, in order to get a Realtor.com ad. Turns
out when we finally got the seller to call back (a week later), the
home had sold 2 months ago and he just hadn't told the California folks
to pull the ad.
So you can get some problem ads on otherwise reputable sources with
folks using questionable methods in order to avoid paying full
fees.
So the point is:
If you stick with your agent's local
IDX website (such as my website for finding Wichita,
KS Homes for Sale!), you'll have
much more up-to-date reliable searches and be less likely to be
disappointed when that home you saw online really isn't for sale after
all!
Ready to hunt through an accurate and updated website where the home
for sale is really for sale? Visit us on the web with the
button below!
RE/MAX Compass - Houston, TX
Houston, Texas
So very, very true. I got call last night from a buyer who called off my listing he saw on one of those "other sights." The house he called on closed last year! I'm showing him houses TODAY at 2:30. I didn't even know my listing was on that site. Weird.
Feb 06, 2010 03:45 AM
San Diego, CA
Just stopped by to invite you to the ActiveRain Super Bowl Party. Stop by if you get a chance. Geaux Saints!
Feb 07, 2010 03:44 AM
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