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I am very intrigued with this thread.
I'm just not understanding it fully, and ask that one of you help me a bit here, as I'm not really understanding some of the terms you are using.
I own a high end home in upstate NY, which I plan on putting on the market this year. In my market, there is one agency that is very big. They list and sell over 50% of all the property on our county. They do a very good job.
My question is, do they do what you say? Should I be concerned? How do I check?
So the agents on here generally do or don't support IDX feeds? Customers, IDX or no?
Both sides have legitimate reasons for or against, however, they seem to be in conflict with one another, sounds like a paradox. . . I can’t say from a broker/agent perspective, but as a consumer I’d want my listing with the most exposure possible and these 3rd party websites are high traffic platforms and very popular therein.
I am very intrigued with this thread.
I'm just not understanding it fully, and ask that one of you help me a bit here, as I'm not really understanding some of the terms you are using.
I own a high end home in upstate NY, which I plan on putting on the market this year. In my market, there is one agency that is very big. They list and sell over 50% of all the property on our county. They do a very good job.
My question is, do they do what you say? Should I be concerned? How do I check?
Thanks, Frank
Frank,
Just ask them.
"Do you participate in IDX?"
"Do you participate in MLS?"
But, if they have that level of market penetration, it could be because of their use of those tools, or because they do not....
FWIW:
IDX, Internet Data Exchange is newer than MLS. IDX is the system of allowing other agents and firms to advertise listings electronically, with attribution to the listing firm.
Mike,
Thank you for the info...now I understand more.
Cobbie, I just DM'ed you back. Thank you very much!!
For me it may be a moot point. If I list the house with a Realtor, it most likely will be with this agency. I am aggressively making the house look awesome, staging, painting each room, etc. The agents whom I have spoken to and showed the house to have been very impressed, and stated they wished all of their clients worked so hard to make their homes so ready to sell. I designed and built the house myself, and am a licensed Home Inspector, so I know what needs to be done. My wife and I are also HGTV addicts, so we are into staging, etc.
Both sides have legitimate reasons for or against, however, they seem to be in conflict with one another, sounds like a paradox. . . I can’t say from a broker/agent perspective, but as a consumer I’d want my listing with the most exposure possible and these 3rd party websites are high traffic platforms and very popular therein.
I believe agents and brokers need to examine if it is a good thing for their clients data to be given to others to be exploited by other companies.
There are pros & cons - it does expose the home to more websites & possibly more viewers but does that exposure really benefit the seller if those buyers never sees or is redirected away from the house or the data is corrupted for the benefit of the website ???
Look at the recent posts / thread about how screwed up Realtor.com has become. maybe NAR just needs a data base of local or state websites that the public can access.
The surest sign that you're not adding any value to the process is when you feel the need to start monopolizing information to have control over the consumer.
More often than not, incorrect information I find in listings is pulled directly from the MLS. I agree Zillow estimates can be misleading, but so can county property tax assessments. A good realtor will try to make as much information available as possible to the consumer and help them make sense of it.
The days of relying on a realtor to provide the information are gone. Realtors need to adapt to helping consumers navigate the pile of information that is readily available.
And speaking of crappy ad-supported websites.... realtor.com anyone?
The surest sign that you're not adding any value to the process is when you feel the need to start monopolizing information to have control over the consumer.
This has not been a discussion of restricting the public from the information but who gets to use the private information belonging to a company and what is done with that information by 3rd party companies. The information will be delivered to the consumer but how, in what form and by whom is important.
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