Contact Howard!

Contact Howard!

Howard Harris Real Estate Expert

Current
Mortgage Rates

Archives

Categories

What Are You Missing Out On When Searching For Homes On Zillow or Trulia?

Oct 17

filed under: Buying A Home, Real Estate, Yada Yada

Listen its no big secret you may go to online sites like Zillow and Trulia when trying to see what homes are for sale in your geographical areas of interest that fit your predetermined search criteria. The question is  are are you seeing “all” the homes for sale? Are you seeing new listings as soon as they come on the market? Are all of the homes you may have an interest in “still” for sale?

Based on historical information I have received from my buyers I have known the answers to these questions for some time now. However I was never in the position to be able to publicize my results without some kind of in depth expensive study to support what I already knew. Well someone else took the bull by the horns and did something about it. Redfin, an on-line brokerage for buying and selling homes sponsored a study done by the WAV Group, a consulting firm, to evaluate broker and third party sites in 11 markets, one of them being Phoenix.

Cutting right to the chase the study revealed that Zillow and Trulia do not report “all” listings that are for sale. Phoenix had the highest percentage where Trulia reported only 73%  and Zillow only 65% of properties that are for sale.

More results show that Trulia and Zillow are showing out-of-date information that include homes that are showing active on these two sites are no longer on the market. Thirty-six percent of listings on the national portal sites appear as active, when according to the study they are not.

One of the final results, and extremely important in the low inventory market that we are currently experiencing, was that this study revealed the median delay between when a home was listed on the MLS and when it appeared on the portal sites was nine days for Trulia and seven days for Zillow.

Here is what you need to know and why you should reconsider searching sites like Zillow and Trulia, that you believe are accurate, for properties and yes, bite the bullet and work with an experienced Realtor®. Local brokerages sites such as Sonoran Lifestyle’s site get home listings from DIRECT feeds provided by our local MLS. In most cases these feeds are updated every 15 to 30 minutes. This allows homes to appear on local brokerage sites as soon as they are listed. Portal sites like Trulia and Zillow obtain their listings from a variety of sources: individual brokerage feeds, third-party listing aggregators and direct entry by agents. Every so often these portal sites have access to MLS data, but even when that does occur, that access is only partial.

When you work with an agent, hopefully me, I am going to provide you with up-to-date listing information that is accurate. You are going to receive listings as soon as they are publicized on the MLS just like an agent would.  This is going to save you lots and lots of time. We are going to work together on your criteria so that you only receive listings that fit that criteria. Your time is valuable, lets get started and find you the home you are looking for. Its time you stopped missing important information that could prevent you from achieving that goal.

 

Written by Howard Harris