4 ms·
One point that this analysis misses is that there's often a significant delay between the time a property hits the market (lists on MLS) and the time it hits ag
by rgbrgb 11y ago
One point that this analysis misses is that there's often a significant delay between the time a property hits the market (lists on MLS) and the time it hits aggregators like Zillow [0]. If you're looking at week old listings in hot markets like LA and SF, then you're looking at a batch of inventory that has already been picked through by savvier buyers.
For this reason, we always recommend that our buyers use a brokerage-quality data feed like ours [1] or Redfin's to monitor for new listings. If you have a reliable data feed and check what's new once a day, then you never miss out on the best properties -- much less stressful than clicking and re-clicking tiny icons on a map.
[0]: http://www.inman.com/2014/02/14/los-angeles-claw-is-first-mls-in-the-country-to-delay-listing-syndication-feeds/ http://www.inman.com/2014/02/14/los-angeles-claw-is-first-ml...
[1]: https://www.openlistings.com/setup https://www.openlistings.com/setup
- matthewmcg 11y agoRight, in our market and for our home search, Redfin was as fast as the broker's feed and the other sites were delayed several days. We went under contract on our house after seeing it on Redfin and before the listing even showed up on Zillow.
- acveilleux 11y agoThat first link threw two interstitial ads at me back to back. The only thing more egregious they could have done would have been to make one of them an auto-play video.
- debacle 11y agoTruth be told, if you're looking at day old listings on the MLS you're looking at a batch of inventory that has already been picked through by savvier buyers.
- rgbrgb 11y agoSure, but typically offers have 3 day expirations so you'll still have a window to go see the home and get an offer in if you like it. That said, the advice stands even if you're checking more than once a day -- only look at the new stuff (sort by listing date), and don't stress :).