Where Real Estate Listings Fail

Home buyers are using real estate websites to arm themselves with information to help make home purchases, but experts say they must keep in mind that not all information online is accurate. In some instances, there are errors; but intentionally misleading mistakes also can be included in real estate listings. A recent Trulia report indicates that 21 percent of data submitted by Realtors is not updated when the home is sold or the price is altered. Some agent websites display listings that have long been sold, and Realtors attempt to interest buyers in new properties when they call. Buyers also must use caution when paying attention to “days on market” data, since agents can pull properties from the MLS for a few weeks and then re-list the homes to make them look like new listings. Experts say many of the errors are tied to agents, given that listing websites use MLS feeds for content. | Read More