In this fast paced market, many of the homes that are priced well, in a good location and in decent condition can go within hours!!! I recently viewed a home with my client that had 25 showings on the first day, and they were in contract before the day was even over. Daunting process for many buyers! In the case of this home, had we waited just a day, we would not have had a shot at all. For this reason, it is imperative that the modern buyer is set up on a search of the MLS through his/her real estate agent to get up to date listing information. Many if not most of the real estate websites out there, get their information directly from the MLS. Some sites are good at retrieving this information fast, but some are delayed or inaccurate, particularly if there has been any changes made within the MLS (clerical error for example). As an agent, I like to set up my potential buyers on a search specific to the parameters they are looking for in a home when beginning the home buying process. Location, size, interior and exterior features and price are some of the parameters used to identify a potential property. The search can be set up so that alerts are made immediate to the buyer and agent when a new listing with the parameters set up, goes on the market. It can be delayed, and modified at any time as well. This up to date information can be used to get into a potential house the day it is listed in some cases. Again, getting in quickly may be an imperative part of the process, giving my buyers the edge.
Secondly, some homeowners may wish to set up an MLS search of their immediate neighborhood. This may be important for anyone considering selling currently or at some point in the future by allowing them to view new listings and sales in order to get an idea of market value for their immediate neighborhood. However, it is important to keep in mind that there are many factors that go into pricing a home, not just neighborhood sales. For example, the location of the home (busy/quiet street, cul de sac?), layout, condition, market conditions, and relative size of the home are just some other factors that may determine home price.
As always, feel free to contact me with any questions, firstname.lastname@example.org
HER REALTORS, the Jeannine Ryan Smith Team