Wednesday, December 23, 2009

Real Estate Firms Online

Although real estate agents have access to the MLS, the Mulitple Listing Service, which has data and statistics on homes, lots, and commercial properties for sale, that have sold, and have not sold, complete with descriptions and completed forms concerning the appearance and characteristics of properties, there is another service which is for the public, free of charge.

This service is Trulia. Unlike the Multiple Listing Service, which has been traditionally the exclusive domain of real estate agents, who have to pay yearly to use the service, and which started out as a paper flip book of updated properties on the market, Trulia offers so much more to the general public, without the cost, and permission of real estate agents. There are many forms to be filled out in real estate, including lease forms, but no form jungle is necessary to go online and use Trulia. To have an account, all is needed is a username, password, and your basic information. You can call that a very, very small, simple digital form, but you would do that anyway for any website you join. You can even get a lot of valuable information from Trulia without even joining the free service.

A popular feature of Trulia is the interactive map of a locality fed into the city field on the site. the map has green pegs for homes on the current market, and red pegs for homes which have sold. One can search for both or for one category only. For sales or sold properties can be seen in basic detail, and further detail by clicking on the peg on the street of interest. The map can be zoomed in and zoomed out to get a better view of real estate happenings in an area. Some places may have a blotch of green pegs meaning that there are many homes on the market, but when zooming in, the area becomes larger on the screen, and the green pegs are dispersed about, making it easier to see where the real estate is situated.

When clicking on the pegs, pictures, real estate company listing forms and information, statistics on the home, and neighborhood, home dimensions, age, number of bedrooms, and contact information can be seen. The interactive map is a valuable tool to buyers looking for good deals in good locations, but do not want to always depend on the real estate agent to come up with the list of properties. This is doing homework, and then, going to the agent and requesting to view a certain property, that was seen on Trulia's interactive map. A drive by the property is of course good sense as well, even before contacting the real estate professional. Sellers also find the tool useful as this allows a comparison of similar properties on the market, and what the sales price is, and also the average sold price for those properties off the market. Trulia does provide an analysis of where the particular property price fits in with other similar properties. Therefore, a buyer and seller can see if the price is above or below market value based on the comparison properties. Even Realtors find this a valuable tool in their work.

1 comment:

  1. The service and personal attention we received from Mr Pedro was exceptional and beyond what we were expecting! His knowledge of the local and national market and his commitment in finding us the best rate helped us in our search for our dream home. As first time home buyers everything was new to us and the most important thing we wanted was someone we could trust. He was there for us every step of the way. I'm glad we chose his services and would recommend Mr Pedro to anyone buying a home or expanding his / her business with an affordable loan rate in return.”
    Contact Pedro a loan officer
    Email : pedroloanss@gmail.com
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