The Importance of MLS Accuracy by Geraldine Santiago, Licensed Realtor and Published Author

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Real Estate Agent with RE/MAX Crest Realty

The Importance of MLS Accuracy by Geraldine Santiago

 

All first time home buyers rely on MLS listings for its accuracy for much needed information. When the accuracy of the information is either out of date, or if the information is misprinted through human error, or if the information is incomplete, this could eventually create a problem down the road.  Many first time buyers look at the cost of purchasing which includes the monthly maintenance fees in strata titled properties.  If there is an increase in the maintenance charges and the MLS listing was not updated, (especially for listings which have been on the market for a while) this could potentially cause to buyers to back down from their offer.  

Other information that buyers rely upon:

 

square footage

locker number

parking lot number and quantity

restrictions (pets, rentals)

tax information

zoning

warrantee information

Buyers try to do their own due diligence when it comes to purchasing and getting information on the property they are thinking of purchasing, but it is important to provide them with up to date and accurate information.

 

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Rainer
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Dennis Duvernay Broker/Owner
Hillview Realty - Northbridge, MA

Also very important to protect yourself from todays many lawsuits by double checking all your information....

Oct 06, 2010 08:15 AM #1
Rainer
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Geraldine Santiago
RE/MAX Crest Realty - Vancouver, BC
Geraldine Santiago

Yes, indeed!  Some MLS listings I've seen are incorrect either through human error or from oversight or out dated and when buyers are crunching numbers and especially for first time home buyers when every dollar and every penny counts, it could be the end of a deal!

 

 

Oct 07, 2010 12:25 PM #2
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Rainer
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Geraldine Santiago

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