If you're basing a real estate decision on old or out-of-date information, you risk making a poor decision with potentially significant financial consequences
Los Angeles, Calif. (PRWEB) October 6, 2008
Beginning this month, the Southern California MLS (SoCalMLS), one of the nation's largest Multiple Listing Services (MLS), becomes the newest major MLS to begin displaying detailed information about recently sold properties on REALTOR.com®. As a result, consumers can now access actual sales prices within 24 hours of a sale's closing, review property details and photos, and find the transaction's listing and buyer's agents for thousands of Southern California properties on REALTOR.com®, the #1 homes-for-sale Web site.
Until now, sold data has typically only been available through County public records and not available for 90-days after transactions are completed. This delayed access to accurate data is one reason home valuations on many real estate portals are inaccurate, out of date and unreliable. County records also don't always include significant property amenities which often have an impact on sale prices. Information from the SoCalMLS on "sold properties" will be displayed within REALTOR.com®'s "Find Home Values" feature, a new resource currently under development by the category leader.
"If you're basing a real estate decision on old or out-of-date information, you risk making a poor decision with potentially significant financial consequences," said REALTOR.com® President Errol Samuelson. "Providing current and detailed information on sold properties drawn directly from the local MLS, in conjunction with our 15-minute fresh update program, educates home buyers and sellers so they can have more productive and informed conversations with their real estate agents or brokers. We're pleased to welcome the SoCalMLS as our newest partner to display their sold property information as we further develop and expand our 'Find Home Values' feature."
The SoCalMLS is the fourth major MLS to feed their unique sold data to REALTOR.com® through Find Home Values. Other MLSs currently feeding sold data for display within Find Home Values includes the First MLS in Atlanta, the Greater Las Vegas Association of REALTORS®, the Northern Ohio Regional MLS, the Tucson Association of REALTORS® and the Northeast Florida MLS in Jacksonville.
Contact: Julie Reynolds / Move / 805.557.3080 julie.reynolds @ move.com