Why isn't your Realtor keeping you up to date? Maybe you should get a realtor that has time to send you same day listing updates. Don't blame the investors, blame the Government and Banks for holding back "Shadow Inventory." Unfortunately if you are shopping for a home in California $300,000 or less, there are more Buyers then Active Home Listings. I understand your frustration.
You're far better off looking at a local agents site that has incorporated an IDX solution.
The link below highlights some numbers for the Phoenix area, but I suspect they are similar across the country....
So for example if you find a home on lets say zillow and it has an MLS# you can verify if it is actually on the Multiple Listing Service as an Active sale by cutting and pasting that number to my site, if it doesn't come up it's because it is pending sale, in back up offer, cancelled, with drawn, expired or sold.
You don't have to have the MLS # to find homes for sale, you can just do a search based on what you are looking for, but if you run across a home somewhere else on the net, this is a quick and easy way to make sure the home is actually on the market for sale and active on the Multiple Listing Board. Trulia is better about updating their site, but I have properties I sold 3 years ago showing up on Zillow, and people calling me on it. I hope this makes sense and helps you.
In case you want to test out my site here it is http://www.clickhomesnow.com
Happy House Hunting!
Let me know if you need an agent that loves technology and Real Estate!
Trulia and Realtor.Com seem behind because they have to pick up info from our MLS system. That system requires us to make changes within a certain time frame. We as realtors even have to call other offices and check before we show someone a property, just part of the job. Trulia also puts homes on their site that are not even on the market yet, and may never be. They show homes that are behind in payments and then the owner makes up their payments and the home never goeson the market. The best way to see what is actually out there is to choose a Realtor and have them work for you.
In regards to the investors: I believe that if someone has the money to purchase a home they should not be criticized for doing so. Saying an investor is a greedy person who buys with cash is...well, just unkind. If someone works, saves; and makes wise choices to the point where they can buy an investment home, I say that is good for them! And the reason homes rent for as good or better than a mortgage is that we have low prices and very low interest rates. A great time to buy!
Find yourself a good Realtor and let them find you a property!
Happy House Hunting,
Prudential CA Realty
And by the way, Greedy in business is good. The real estate as a cycle needs the Greedy to drive the prices up not only for their properties but for all.
(sourcasm of past experiences)
Wait don't tell me-- you are looking for yourself and going to get a family member to 'hop in there' and give you their commission? Or better yet-- I just was helping a Buyer who ran back to his Mortgage Officer who is going to credit him at closing. He was getting old Zill leads and could not find nothing I created a gateway for him to find up to date properties and he found it. But ran back to his Mortgage guy! Nice huh? (rhetorical)
But he will find out at the closing table that those cannot be given and he will be "taken care of" outside. Sure and BTW it is illegal-so don't work with people like that cause the minute you turn your head they are doing something to you.
Here is the thing, you are not going to get credited as you think through Escrow for services not rendered. Along with no license (at least in Calif.) The Lender is not going to like it nor is RESPA.
Get an Agent that knows the area-lives in the area and stay loyal and enjoy the full service we offer. There is no reason for you not to use a full time Realtor to help you secure a place you are going to live.
Those reasons above are usually the only reason someone tries to tackle a very tedious and time consuming job as house hunting. Because if it is personality--- there are 60,000 of us licensed in Orange County! I am sure one of us would mesh?
Good luck and remember the money you save or thought you saved will long be forgotten if the home you buy is the one that fits just about perfect. The same goes for the opposite except for you will say to yourself---Never again, I will use the right person for the job. Been there done that. You want a gateway too? see my site---there you can surf the MLS without commitment or have me make one that emails ONLY the parameters you select... check it out
If you would like I have a system on my web site that will email the properties to you as soon as they come on the market. Then if you are quick you can have a better chance at getting one of the better properties.
You should be working with a RealtorÂ® or real estate agent. They can email you properties with your price range and features (bedrooms, bathrooms).
And, listing change on a daily basis and as some have answered, sites don't update their info on a daily basis.
You can check this link out http://www.immobel.com/docs/mrmls/index_mrmls.jsp?per=mrmls
Jes Sierra, B.Sc.
Century 21 Beachside RealtorsÂ®
The biggest problem with the "MLS" is that there is not one nationwide "MLS". Realtor.com receives it's listings from Realtor boards and MLS service providers around the country. Not everyone is mandated to use the same software and same system. The local boards and services even have the option whether to reciprocate their listings with other organizations...or not. Many choose not to. Realtor.com then takes these millions of listings and tries to process them and put the information out to the public. It is a logistical and technological circus. I have known of instances where it has taken over a week for a listing to show up on the national sites.
On top of that, most all of the websites you are talking about treat listings that are already in escrow and awaiting contingency removal (Back Up Offers status), and treat them as active listings (or still showing for sale). This is frustrating to many home buyers because they have to be explained why the home they want is still showing for sale yet very often don't even have a lock box on them. Once the status has changed to Pending, Sold or On Hold, it falls off of all the national listing websites.
The best thing you can do is deal locally when looking at properties online. Our website, (http://wwww.TheOCmls.com" target="_blank" rel="nofollow">http:// http://wwww.TheOCmls.com) also shows homes with the Back Up status but identities them as such so you can be better informed when looking at and saving properties. On top of that, you get updated listings within 24 hours, often many times throughout the day.
Hope this helps.
~The Multiple Listing Service (MLS) is the most accurate and up-to-date and is not available in it's entirety to the general public. Agents and Brokers pay large annual fees to access this member only service. Other sites that update from the MLS do so at intervals and lag behind.
~Prices are going up.
~Lots of first time homebuyers have entered the market. New investors (who are also first time buyers) and experienced investors are also taking advantage of this unique opportunity. Cash buyers are a very small percent overall as the highest percent of financing is conventional.
~I can only suspect you know someone who has been beat out by an "all cash" offer and is unhappy with the outcome. However, an all cash offer does not trump a higher priced offer with better overall contract terms.
The guidelines explain things, they are the Trulia's guidelines not mine.
# Don't spam or use Trulia for commercial postings or activity
Trulia Voices purpose is to share knowledge and exchange opinions. You may not post URLs or content for the sole purpose of soliciting business or directing commercial activity to a non-Trulia site
That is from the Community Guidelines...No need for an email conversion and the fact that you have seen others Spam does not mean it is allowed.
If you click on the (report) that you see on each comment you will see it is for reporting Spam and many do report it not just me
I am sure you are a very good Agent and know you wish to be a very good contributor to Trulia.
I have to agree with you about the investor thing, but thank God we are in America and everyone has a right to buy. Somehow it seems counter-productive to recovery though doesn't it?
You can search on my website without filling anything out and it is accurate. You can refine your critieria whatever you want. If you are not in my area go to an individual Realtors site and search there.
Please don't get too frustrated and give up the thought of buying. It is a great time and though it seems everything is selling to investors, there are many first time buyers getting thier home offers accepted. don't give up!! Best of luck to you Jeanne
Web Reference: http://WWW.OCREALTORCONNIE.COM