A study conducted by the WAV Group determined that most consumer real estate search engines show homebuyers only a fraction of the homes that are on the market. With outdated information and low accuracy rates convoluting most search engines, the study concluded that the best source for for-sale property is the local MLS (Multiple Listing Service)– available “only” to licensed real estate agents and brokers.
As a member at Investway, however, you get direct access to the MLS. You can beat your own REALTOR to the deal. There is no middleman real estate agent to slow down searching, analyzing and making offers on real estate. Investway is a licensed real estate broker; we just put our investor-clients in the driver’s seat with instant data and comps at your fingertips. And if you really DO like your agent, you can keep ’em. We don’t require you to purchase your real estate through us.
With an Investway membership, you have real-time, direct MLS access, updated immediately when information on the MLS is updated. For more information and to get a free trial, visit www.investway.com.
Below is the original source for the recent study. Enjoy!
CONNECTICUT (RISMedia) – Most popular consumer real estate search engines show homebuyers only a fraction of the homes that are on the market, according to a recent study commissioned by Roost.com and conducted by the WAV Group.
Real estate searches on popular sites in three sample markets — Miami, Dallas and San Diego — failed to provide users with as much as 92 percent of available listings in their home searches. In Dallas and Miami, both Trulia and Zillow displayed about 50 percent of the listings.
Top-line findings in the detailed study showed some aggregator sites with accuracy rates as low as 8 percent. In Dallas, Google fared best among aggregators by displaying 56 out of 81 possible listings (69 percent accuracy). The study also found that many of the listings are inaccurate or out of date.
The most accurate source of listing information is the local Multiple Listing Service (MLS), the study concluded. The MLS is the real estate industry standard database for sharing information on local homes for sale and is available only to licensed real estate agents and brokers; all the listings on the MLS are derived from local agents and brokers.
This article is provided by Investway, LLC. (c) 2013. For more information, visit www.investway.com