When it comes to buying a home, everything matters, including how you search for a home online. According to the National Association of REALTORS’ 2015 Profile of Home Buyers and Sellers, 42 percent of recent buyers started the homebuying process by looking at listings online. As we’re approaching the highest-traffic homebuying season of the year, the timeliness and accuracy of your home search site is essential.
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The National Association of REALTORS’ existing home sales report for January noted that while home inventory increased to a 4-month supply, it is still down from supply levels a year ago and nowhere near the 6-month inventory that indicates a balanced market. This could mean spring homebuyers are in for a competitive homebuying season if demand remains strong and supply stays low.
This is why Compass provides clients with free, password-protected access directly to the MLS. Here’s what you should know about the accuracy and timeliness of direct MLS sites versus other online home search websites.
If you would like access to the Home Scouting Report, contact one of our mortgage bankers for their exclusive VIP code.
Looking for more information about purchasing your first home? Download our free Mortgage 101 Handbook, a great resource for first-time homebuyers.