Austin real estate is moving fast. What if I told you using one of the national websites for your Austin real estate search might keep you from finding the perfect home until it’s already sold? A recent study by WAV group showed the best way to find up to date real estate listing information is to search with the local real estate websites and not Zillow or Trulia.
Previously, we talked about sellers not relying on Zillow for market values. In the WAV group study they talk about how using national websites like Zillow and Trulia buyers may not find timely or accurate information to help them in their home search.
Here's what the WAV group report found:
1. Local real estate websites display new listings 7-9 days earlier before national sites.
Homes are selling too fast to wait that long. Most of the good homes are under contract in the first week. Buyers relying on more accurate sources like our Austin Home Search will be the first to know and get these homes under contract.
2. Local real estate websites show almost 100% of the agent listed homes for sale compared to about 80% for the national websites.
According to the WAV group you may not even know about 20% of the homes available for sale in our local Multiple Listing Service. Why would you limit your search to 80% when you can find more homes at our search page?
3. Local websites rarely show a home listed as active that has already sold but about 36% of listings that are found on national websites are no longer for sale.
You can’t afford to be spending your time driving past homes that you can’t even buy. When a real estate listing status goes from active to pending in the Austin MLS our search results will reflect that change. Of course there may be times when a home’s status isn’t updated in a timely manner by the listing agent but those instances are rare and certainly well below 36%.
Click here to read the entire WAV group article.
4. What does this mean for you?
Given our current market conditions the accuracy and speed of real estate listing information is an important part of buying a home. Sign up for listing updates and search in the right place to give yourself a chance to buy that perfect home before someone else sees it!
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