Realtors got together and created a database called "Multiple Listing Services", that we share with other Realtors and agencies via a membership fee. We pay a substantial fee, per month, to be able to view the properties on that database. The MLS is a live feed and is updated multiple times per day, so we know it's accurate.
Zillow, Trulia, Realtor.com and other public websites take their feeds from local MLS's, but they are updated far less frequently, so it's not uncommon to find the information outdated. So clients often ask us about properties they've found on one of the public sites, that have been sold long ago.
Instead, what usually happens is that my clients eagerly email me with their surprise "finds" on these sites, only to learn that I have either already given them these listings, or that the properties have long since been sold and closed upon.
No effective real estate professional would be caught using Trulia, or Zillow to find homes for their customers.
Be aware, some agents are not REALTORS(R). This select group of professionals are the ones who create the data you find in the Miltiple Listing Service (MLS). Those agents who are not REALTORS(R) must troll these aggergate websits fo find homes for sale for their buyers. Real estate agents who are not REALTORS(R) do not have access to the MLS, therefore are relgated to internet trolling.
A recent west coast study revealed that 30% of homes shown for sale on aggregate real estate websites are already sold. Further, the study revealed, that new homes listed appear up to seven days after they appeared on professional real estate websites.Using aggregate websites to find home for sale or to gather statisicat data is a fools folly.
You should be aware, many agents have four levels of marketing they complete BEFORE a home appears on the MLS! The average "JOE" puts a sign in the yard and submits to the MLS. The multi-dimensional real estate consultant will have the home sold BEFORE it reaches the MLS. This assessibility is reserved for those who are SERIOUS about pruchasing a home. Their serious intent must be demonstrated, not simply articulated.
Isn't it exceptional that the consumer has a choice regarding how they want to find a home?
All they need to decide is, "How serious am I?"
Then contact a 'JOE' go for a troll, or pick up the phone.l
Best of success
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Other websites can be a waste of time buyers, or tenants search for fact they are not updated VS. MLS updated per second of the day.
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
http://www.lynn911.com 100's of Dallas homes listed for sale or lease
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Now, that's in incredibly urban and transient Miami, and I imagine things could be different in other places.
Realtors pay to access the MLS - a database that the local Realtor association creates and maintains. Often times - in order to serve consumers better - the MLS feeds the MLS data to companies like Trulia, Zillow etc. Trulia, Zillow enhance the consumer experience by providing better view of the data, easier searches etc. Overall, the consumer benefits most.
Yes, real estate agents have more in depth and more up-to-the-minute information on listings through their MLS memberships. They provide that information to their clients to help them in the decision-making when buying or selling a home.
Are you in the market to buy or sell?
We are part of the multiple listing service, which means we have access to every single listing (aside from "for sale by owners") in and around the Austin area. We have connections with other Realtors, which means that we have the inside scoop from them as well, in regards to anything that will be coming onto the market soon,etc.
Is is definitely worth the time and effort to have a Realtor assist, if that is what you are wondering.
I would love to answer any additional questions you may have.
Keller Williams Realty