real estate website information (Sarasota: days on market, foreclosure, house)

[sarasotadreaming]

When searching for Sarasota real estate I like to use "myfloridahomesmls", "Trulia" and "Realtor.com". Each site has good property information. While going back and forth, I noticed that some properties, that appeared on the other sites, did not appear on the "myfloridahomesmls" website. Can someone tell me why this ommission would occur? I thought "myfloridahomesmls" had a direct feed from the MLS? Thanks in advance.

[Dreamy46]

Originally Posted by sarasotadreaming

When searching for Sarasota real estate I like to use "myfloridahomesmls", "Trulia" and "Realtor.com". Each site has good property information. While going back and forth, I noticed that some properties, that appeared on the other sites, did not appear on the "myfloridahomesmls" website. Can someone tell me why this ommission would occur? I thought "myfloridahomesmls" had a direct feed from the MLS? Thanks in advance.

You should add Trulia to your search resources because neither Realtor.com or that MLS system is showing "Days on the Market" and price cuts for properties. Keep in mind that any Realtor site is going to favor the seller over the buyer when it comes to getting information.

I believe it's incorrect about the "direct feed." I've heard agents in the past complain about the "lag" time it takes for a listing to show up there.

[SoFLGal]

I believe it's incorrect about the "direct feed." I've heard agents in the past complain about the "lag" time it takes for a listing to show up there.

You're right on with your last comment. MyFloridaHomesMLS.com is the most up-to-date and accurate website for this area. As soon as we mark something active, pending or sold it immediately shows up like that in this system. I've seen changes in the other systems not take effect for days, weeks, months and in some cases years. Just got a call a few days ago about a home that I sold two years ago and it was still showing active on Realtor.com Many people don't realize that we cannot change the status on any website except on my floridahomesmls.com Sometimes people get annoyed when they see discrepancies on other sites. All these sites pull from myfloridahomesmls.com. Of course, all the info is only as good as the person/Realtor entering it.

So, to answer your question. If you don't see it on MyFloridaHomesMLS.com 99% of the time it is already pending or sold. That's why it's not showing up there. If I were you I'd use MyFloridaHomesMLS.com to search for properties and if you find one you like do additional research on Trulia or Realtor.com or one of the various other third party websites. MyFloridaHomesMLS.com is the public side of the direct MLS.

[Dreamy46]

Question for you SoFlGal: what is the local MLS policy on "relisting" homes?

[SoFLGal]

Originally Posted by Dreamy46

Question for you SoFlGal: what is the local MLS policy on "relisting" homes?

I'm not sure I understand the question. Once a listing has expired with one Realtor it can be relisted with the same Realtor or they can list with another company.

[Dreamy46]

Originally Posted by SoFLGal

I'm not sure I understand the question. Once a listing has expired with one Realtor it can be relisted with the same Realtor or they can list with another company.

It seems to vary around the country as to policy, but what I'm asking pertains to the DOMP (days on the market property - entire time its been listed) and DOMM (days on the market - for that particular MLS number). Are there any regulations on that for your local MLS?

If my homes doesn't sell after 189 days, can another Realtor relist it, probably cut the price, and claim it has been only been on the market for 0 days?

In above scenarios the old data gets vaporized unless you request the full listing history.

If my listing expires after 180 days, can a Realtor relist it with a new MLS number and claim it only has been on the market for 0 days?

New Listing! (Sort Of)

Our MLS actually fines the offenders, but they do it anyway.

http://www.mris.com/compliance/Compliance%20Documents/Days_on_Market.pdf (broken link)

[SoFLGal]

Originally Posted by Dreamy46

It seems to vary around the country as to policy, but what I'm asking pertains to the DOMP (days on the market property - entire time its been listed) and DOMM (days on the market - for that particular MLS number). Are there any regulations on that for your local MLS?

If my homes doesn't sell after 189 days, can another Realtor relist it, probably cut the price, and claim it has been only been on the market for 0 days?

In above scenarios the old data gets vaporized unless you request the full listing history.

If my listing expires after 180 days, can a Realtor relist it with a new MLS number and claim it only has been on the market for 0 days?

New Listing! (Sort Of)

Our MLS actually fines the offenders, but they do it anyway.

http://www.mris.com/compliance/Compliance%20Documents/Days_on_Market.pdf (broken link)

If you look at the sheet on MyFloridaHomesMLS.com you will see ADOM and CDOM. The ADOM stands for Actual days on market and CDOM would be cumulative days on market. The actual days on market is the number of days the current Realtor has had it listed and the cumulative days on market would be all the days combined it has been listed with any agent.

This is not a field that we fill out. It's automatically filled in by the computer once it finds a match for that address, or lack there of. So, what you see in the listing cannot be changed by the Realtor as we don't have access to that field. This is pulled by the address not the MLS # so it could be withdrawn, expired, sold, etc at different times under different MLS #'s and still show up because it tracks the address. If the address of the property changed for any reason then that data would be lost.

They could however let the list expire and then relist it, with the same agent the next day and it would go to everyone that is set up in the MLS to receive new listings-the Hot Sheet, like explained in the article you posted. But the ADOM would show however many days the home was on the market previous to expiring. I'm guessing that's why they have the ADOM and CDOM now.

If the seller is out of town and the listing expires and they resign when they come back in town, I could see that but to pull and relist for the purpose of gaining more exposure. Is misleading, to say the least, in my opinion.

Another thing that I'm seeing a lot of lately is agents listing a vacant piece of property with a drawing of what the actual house may look like. The problem with this is that the home is not built yet and it skews my stats when I'm trying to figure out trends and often times buyers don't realize the home is not actually built but it's just a piece of vacant land.

Aggravating to say the least. Don't get me started-bad pictures, descriptions, lack of pictures, incorrect info. I could go on and on....

[Dreamy46]

Originally Posted by SoFLGal

If you look at the sheet on MyFloridaHomesMLS.com you will see ADOM and CDOM. The ADOM stands for Actual days on market and CDOM would be cumulative days on market. The actual days on market is the number of days the current Realtor has had it listed and the cumulative days on market would be all the days combined it has been listed with any agent.

This is not a field that we fill out. It's automatically filled in by the computer once it finds a match for that address, or lack there of. So, what you see in the listing cannot be changed by the Realtor as we don't have access to that field. This is pulled by the address not the MLS # so it could be withdrawn, expired, sold, etc at different times under different MLS #'s and still show up because it tracks the address. If the address of the property changed for any reason then that data would be lost.

They could however let the list expire and then relist it, with the same agent the next day and it would go to everyone that is set up in the MLS to receive new listings-the Hot Sheet, like explained in the article you posted. But the ADOM would show however many days the home was on the market previous to expiring. I'm guessing that's why they have the ADOM and CDOM now.

If the seller is out of town and the listing expires and they resign when they come back in town, I could see that but to pull and relist for the purpose of gaining more exposure. Is misleading, to say the least, in my opinion.

Another thing that I'm seeing a lot of lately is agents listing a vacant piece of property with a drawing of what the actual house may look like. The problem with this is that the home is not built yet and it skews my stats when I'm trying to figure out trends and often times buyers don't realize the home is not actually built but it's just a piece of vacant land.

Aggravating to say the least. Don't get me started-bad pictures, descriptions, lack of pictures, incorrect info. I could go on and on....

So, in your system an incorrect address should be a red flag, because that would skew the data and could be an indication that someone has manipulated it. Are there any safeguards or fines in place for doing that and to check that an address is actually correct?

Here the system tracks listings by Tax ID. So if someone wants to game the data they simply change the TAX ID to something incorrect or to all zeros. And until that article came out it was a common occurrence.

I picked a random listing off myfloridahomesmls in the screen shot. Where do I find this ADOM, CDOM data?

[Dreamy46]

I've noticed something that using myfloridahomesmls site resolves:

http://www.myfloridahomesmls.com/Sit...rtySearch.aspx

When you find a property with "Address Withheld," you simply take the Tax ID from the listing and go here:

Search Real Property

Punch in the Parcel ID, and you now have the address.

And if you want to look at the Property Tax amounts, you can go here:

Sarasota County Tax Collector

And, if you want to look up the owner of a property to see if it is in foreclosure or has other issues, you go here:

http://www.clerk.co.sarasota.fl.us/srqapp/civilinq.asp

And, to look at the deeds, liens, and other data such as if a divorce occurred, this one:

http://www.clerk.co.sarasota.fl.us/oprapp/oprinq.asp

Criminal record search here:

http://courtweb.co.sarasota.fl.us/crimapp/criminq.asp

[SoFLGal]

Originally Posted by Dreamy46

So, in your system an incorrect address should be a red flag, because that would skew the data and could be an indication that someone has manipulated it. Are there any safeguards or fines in place for doing that and to check that an address is actually correct?

Here the system tracks listings by Tax ID. So if someone wants to game the data they simply change the TAX ID to something incorrect or to all zeros. And until that article came out it was a common occurrence.

I picked a random listing off myfloridahomesmls in the screen shot. Where do I find this ADOM, CDOM data?

Yeah I just got a phone call from a City-Data user asking the same thing. They didn't see it on the sheet either. I don't really search the public side of the MLS often. I assumed/thought that it had this info on the public side as well as the Realtor side. Looks like it does not. The old MLS system, Innovia, had this info for the customers to see. The board of Realtors was actually not going to even have a public side (their own website) to the MLS until it was brought up on this website and I called to see if we could make it happen. I guess they just thought you could go through a Realtors website for access

Anyway, it doesn't appear to be on the customer copy and I think it should be. Then you would know if it's a relist or not. I'll give a call down there on Monday morning and see what I can do. Another idea is to go to www.mfrmls.com and click on the contact button and give a call as well. If they get enough requests for it they might (and should) add that field.

Oh by the way, nice list of links. I have them all in my favorites. If you are searching for that info in any city you can usually just type the city name followed by the office-like Sarasota county Clerk of the court. They usually will pop right up.