With so many options for finding homes for sale on line, it can be quite confusing and difficult for a potential buyer to figure out which sites to use. Sites differ in the criteria that can be searched and the amount and type of property, neighborhood and area data that can be accessed. Sites also differ in the who is allowed to post their property on them, where the get their data and how timely and accurate the data might be. This is an over view of some of the more popular sites.
Real estate agent/company web site – Real estate agent web sites typically offer a property search based on IDX (Internet Data Exchange) information from their MLS (Multiple List Service). These sites may differ in appearance in how they are framed and branded, but they pull information from the same data base and are required to display information in a similar format. Some of these sites may require you to register before you can use them, others allow you to search without registering. Since these sites are fed directly from the MLS, they offer offer up to date information on available properties that have been listed on the MLS.
Pros – Up to date information on listed properties, listings treated equally
Cons- Some sites require registration, does not include For Sale By Owner properties, May not offer search features you like
Realtor.com – As the name implies, this site is affiliated with the National Association of Realtors. At one time, NAR owned and operated Realtor.com, but NAR was unable to meet its financial obligations from developing the web site and sold control years ago. Like an IDX site, Realtor.com operates off of a direct feed the MLS, so provides up to date information on listed properties. Realtor.com makes money off of selling enhanced listing packages and contact information placement to real estate agents, so listings of agents who buy those packages are given preferred placement in search results.
Pros – Up to date information on listed properties
Cons – Does not include For Sale By Owner properties
Trulia.com – 3rd party syndication site for agent listed property only. TMLS offers brokers a service which allows their listings to be fed directly to these sites. Brokers who opt out can use their own syndication feed or choose not to send their listings to these sites. Trulia does not allow For Sale By Owners to post their properties.
Pros – Sophisticated search and mapping functions, neighborhood, school, crime info
Cons – Contains outdated and/or incorrect information, some brokers do not post their listings, no FSBO’s,
Zillow.com – 3rd party syndication site. Brokers can feed listings through TMLS, directly or not at all. Owners can post their property as For Sale by Owner or Make Me Move (typically over priced dreamers)
Pros – Sophisticated search and mapping functions, neighborhood, school, crime info
Cons – Contains outdated and/or incorrect information, some brokers do not post their listings