The Home Buying Process in Colorado Springs – Step 1

The Home Buying Process in Colorado Springs – Step 1

The Home Buying Process

Step 1 – Starting the Process

Many buyers start their search on Zillow or Realtor.com or some other third-party search tool. This is a great start, though I as you will read below, Zillow is not an accurate property search site. The most accurate option is to have a property portal on the Pikes Peak Association of Realtors, Multiple Listing System, or PPAR MLS. This is the tool that all agents in the area use to “list” their properties.

PPAR MLS property portals are customized for the client and can be easily updated with changing criteria. Property updates can be received ASAP, as soon as the property is listed or updated, or once a day or once a week, the frequency is decided by the client. I will warn those that receive audible notifications with each email, the once a day notice is typically delivered at 6AM.

If you would like a custom property website, please complete the Perfect Homefinder Form on my website.

Some of the third-party sites are fed directly by the MLS, this includes the Keller Williams Listing Service (KWLS), Realtor.com, and other agent sites. When this was written, Zillow was not being updated directly from the MLS, but is updated by manual input or from other third-party sites such as KWLS. For those agents belonging to the smaller companies, their listings are most likely updated manually. This results in inaccurate information or a delay in updating the status of the property. When buyers ask about a property that is already under contract in the MLS, they typically found it on Zillow.

Another option is to use a mobile app for the phone or iPad. Keller Williams has a great app for this purpose which is updated in near real time from MLS’s across the country. I frequently use the app to check home prices when I am traveling. You can download my app for your iPhone, Android phone, or iPad at http://app.kw.com/KW13Y92H.  Enter KW13Y92H if prompted for an agent.

This is just the beginning of my Home Buying Process blog series. Below is a link to the Step 2. For a graphical representation of the process, visit: Home Buying Process in Colorado Springs.

 

Visit the next step in The Home Buying Process:

Step 2 – The Role of a Buyer’s Agent