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Few things disappoint a prospective buyer more than arriving too late to make an offer on a property. It appears the slumbering South Bay real estate market is waking with renewed energy and zest this spring. There is nothing new about 3-day old news in an active real estate market.
How could this happen? There are many real estate websites online. Most buyers begin their search on the Internet. The Internet sites have an information data exchange (IDX) agreement with local real estate boards and the real estate websites are permitted to place new listings on their site. This sharing agreement makes it possible for buyers to find homes of interest on popular real estate sites and it also gives a seller’s property additional exposure. The syndication of our listings is a wonderful marketing tool for agents too.
Disappointment often rears its head when a buyer contacts an agent to see a property only to hear, “It is already in escrow.”
Unfortunately, the real estate sites are not updated every 30 minutes or so as is the case with the local Multiple Listing Service agents use to input new listings. The lag time is often 2-3 days, but in some cases it can be up to one week. Let me repeat, there is nothing new about 3-day old news in a hot market.
I want my clients to be happy house hunters, not disappointed ones. The best way to banish the lag time is to work with a local agent. Agents can set up a search for you that is tied directly to the MLS and you will receive information regarding new listings before the real estate websites have time to update their information. The parameters of the search are set by you and you will receive only the listings of interest to you–the price, the neighborhood and the amenities fit your wants and needs.
It’s personal and it’s fast.
If you’re tired of losing out, contact an agent to put you on the fast track to what’s happening in the local real estate market. Get the scoop early not three days late.