How to effectively search for a home


How to effectively search for a home

The name of this blog sounds really silly when you say it out loud but many home buyers don't know how to effectively search for a home. With all the different websites out there today offering you every possible search engine result, how do you know which ones are actually valid?

That's the million-dollar question that many buyers don't have the answer to. To understand how all this works we need to start in the beginning.

Right now, the MLS which stands for multiple listing service is still the most accurate search or available to purchase a home. The reason being is its run and owned by all of the real estate brokerages in your state. So think of that source as the main hub for every other website on the Internet.

It's important to note that if you are not a licensed real estate agent, you do not have direct access to the MLS unless a real estate agent sets it up for you. Any other website that tells you that they are the MLS is simply wrong. This is why you want to work with an agent who can set up a search to help you find the home you're looking for. It's the only true way for accurate information.

Due to contingencies on a property when it's under contract, many times large brokerages don't have the latest data. The only way to know these contingencies is to have a feed directly coming from the MLS. All of the third-party aggregator sites that are not brokerages, typically have the most mistakes of all of the websites. They may tell you they have more homes for sale than any other website. There is some truth to that statement but the part they leave out is that half of them are no longer available for sale. This purposely done to drive more traffic to their websites. The person that loses is the home buyer because they're not getting accurate information.

One of the first things you should do as a home buyer is meet with a qualified real estate agent that can go over all of your options and set up the right type of search for you.

Tom Sommers 952-994-7204