David Barr's Sarasota and Venice Real Estate Blog

The National Association of Realtors (NAR) issued a warning on "coming soon" marketing, since the issue was raised by Zillow's new "coming soon" feature.  NAR says brokers who do not act in the best interest of their clients by informing them of the limited nature of coming soon marketing could face liability. "Coming soon" marketing is another form of pocket listings, where a Realtor has either a verbal agreement with a homeowner to sell their property, or has a written agreement.  The MLS I belong to, MFRMLS, is the 2nd largest in the country.  MFRMLS rules require a listing to be input in the MLS within 48 hours of completing a written listing agreement.  A "coming soon" listing could only be in effect with a true written  agreement for 48 hours, using Zillow's "coming soon" feature. In my previous blog post, I outlined how "coming soon" listings have the potential for abuse.  A Realtor could technically have a...

Readers of this blog will know that I am a fervent advocate for accuracy in real estate, especially when it comes to Zillow and Trulia. I had yet another customer ask me about a property they found on Zillow that was not available for sale. The customer says she found 141 Spanish Point Drive, Osprey, FL for sale in Zillow.  Google Maps does not show a home at that address, and there is no Sarasota County tax record for this address. Zillow does show a property at 121 Spanish Point Drive for sale on their site:   http://www.zillow.com/homes/for_sale/Osprey-FL/47533789_zpid/56139_rid/27.203443,-82.487342,27.198166,-82.495335_rect/16_zm/1_fr/   That property is not for sale in the MLS. For more about how Zillow and Trulia do business please visit my wesite:   http://www.davidbarrhomes.com/#!debunking-zillow-sarasota/cftb

Zillow is starting a new "feature" that allows agents to post what we in the industry call pocket listings:  Properties that are supposedly for sale before they are listed in the MLS. Pocket listings are prevalent in some markets, and no doubt a lot of buyers see agents negotiating pocket listings on popular real estate TV shows on Bravo or HGTV. Unfortunately for consumers, pocket listings are full of potential legal and accuracy issues that will add more headaches than necessary to the home buying process. The MLS I belong to, Mid Florida MLS, the 2nd largest in the country, requires that a property must be listed in the MLS within 48 hours of receipt of a signed listing agreement by the seller.  Zillow's "Coming Soon" will not be much of a benefit. Zillow's "Coming Soon" feature opens up a lot of opportunity for agents to abuse it.  In the absence of a signed listing agreement, agents could post a property for sale without a signed list...

I've been following this "Trulia real estate expert" on Fox and Friends for a few weeks.  Today he showed up again today with his best deals segment. I noticed a couple of changes in his segment since I have started monitoring him on this program.  Today, the prices of the properties he profiled were displayed on screen for milliseconds, presumably to make the listings harder to trace back on Realtor.com.   Despite my previous challenge to him and to Trulia, they display no MLS numbers for potential buyers to find the homes Corbett profiles online. I also noticed he threw in a home in Sarasota (my primary market area) with no price displayed except for the anchor saying it verbally.  Below is what he profiled: 1) Atlanta   $300,000  3/3 red   2 story   2700 sq ft colonial  corner lot pre-wired for electronics: According to Realtor.com, this home is currently for sale. 2) Sarasota FL  3/2  1900 sq ft  stone...

More and more people are learning that #AccuracyMatters when it comes to searching online for real estate. Uninstall your inaccurate Zillow or Trulia mobile app and install my free, feature-packed Sarasota MLS app today:   http://www.davidbarrhomes.com/#!mls-app-sarasota/c1l2 One of the best features is the ability to draw a custom shape on a map to search a particular area.  You can save your favorites and even ask me a question right from a property listing page. My MLS app is completely accurate and has up to date MLS information, unlike Trulia or Zillow's apps.  Don't drive to a home you found on Zillow's mobile app expecting an open house and find it's not even for sale:

Today I got an email from a customer using Zillow's mobile app. As readers of this blog know well, I'm a avid crusader against the business practices of Zillow that negatively impact the public and the real estate industry. This home that was listed for sale on Zillow is actually under contract in our MLS: MLS M5845701, available on Zillow's mobile app but under contract in the MLS If you install the Zillow mobile app on your device and use it to search for homes, you'll be looking at out of date information.  Remember, #AccuracyMatters. Fortunately for my clients, I have my own mobile app that provides up to date information from the MLS.  Download it here: http://t.ikenex.com/?k=LGz Follow me on Twitter @sarasota_homes and #AccuracyMatters.