What's My Franklin TN Home Worth?: Tennessee: Franklin: Franklin

Did Your Listing Agent Enter Your MLS Data Correctly?

Did Your Listing Agent Enter Your MLS Data Correctly? Franklin Homes Realty LLCDid your listing agent enter your MLS data correctly? Sellers can live or die by the data entered into their local multiple listing service (MLS). This information is usually syndicated to a variety of real estate search websites including Zillow, Trulia and Realtor.com. Due to Broker Reciprocity this data is also syndicated to local brokerage and agent websites. Franklin Homes Realty LLC is one of the latter sites.

Our website is designed to assist home buyers in finding their search queries easily. However, the listing data is pulled directly from our MLS. The pages on our website are only as good as the information entered by listing agents. If an agent hasn't entered listing data correctly, buyers will have a difficult time finding a home.

While we see this mistake made more often than it should be, unique properties are usually the ones that are most neglected by agents. These properties may have fewer buyers searching for them but can sell quickly when the listing agent makes them easy to find.

What's a unique property? Any house or property that has a feature designed for very specific buyers. Examples include homes with a woodworking shop, guest house, over-sized garage, barn, stable, storage building or waterfront access. Fencing and cross fencing are also important to those looking for horse properties.

All of these features are available in our local multiple listing service. Buyer's agents rely heavily on the data input to that source. If a listing agent hasn't included this necessary information, it's likely a buyer will NOT find your house.

We were contacted today by buyers looking to purchase a home with a guest house in Franklin TN. Like many home buyers, they wanted to begin their search online. They were having difficulty finding these homes and reached out to us. In truth, the very best thing buyers can do, especially those looking for unique features, is contact a local real estate agent. While agents rely heavily on the MLS, we also regularly show and preview properties. We may be aware of a home that wasn't entered correctly into the MLS meeting your criteria. 

Did Your Listing Agent Enter Your MLS Data Correctly? Franklin Homes Realty LLCLet's take this buyer's request for a home with a guest house. When I performed a search in our MLS for Franklin properties with a guest house, only 19 results were returned. I recently showed a house that has a guest house but it didn't appear in my search results. At first, I thought the property had either sold or been withdrawn. Upon further investigation, I found it's still an active listing.

Much to the seller's misfortune, the MLS data doesn't include this guest house. A guest house that brings in an additional $20K in income to the sellers. That sounds like a pretty good incentive for a buyer to purchase. But, oops, buyers can't find the property.

Our MLS has a search field titled EXTERIOR FEATURES. All the listing agent needs to do is click GUEST HOUSE and this property would show up in a search. Because the listing agent hasn't done this, the property is hidden from prospective buyers. Buyers who may be specifically searching for this feature. Did I mention this is a $2.2M property?

I did contact the listing agent to alert her to this omission. As of yet, she hasn't made the change in our multiple listing service. This is unfortunate for the sellers, but just one example of mistakes we see listing agents make every day.

A recent National Association of REALTORS® survey showed that 92% of home buyers begin their search online. The majority of these buyers won't have a real estate agent working on their behalf in the beginning. Listing agents who exclude vital information online, may not connect with the right buyers for a home.

When a seller's home isn't being seen by the right buyers, it doesn't sell. This usually leads to price reductions; sometimes costing sellers thousands of dollars. After many months, these properties may sell for much less than they should--all because their agent didn't enter their listing data correctly.

Another area in the MLS we often see agents making mistakes is the property description. Many agents don't recognize that this description is actually indexable by the search engines. You're probably wondering what that means. The phrases used in the property description can be picked up by the search engines. For example, I performed a search with the keywords "Franklin TN homes for sale with a gourmet kitchen". Below is a photo of several of the results. Did Your Listing Agent Enter Your MLS Data Correctly? Franklin Homes Realty LLC If you were able to click on the above links, you'd be taken to actual property listings with gourmet kitchens. As you can see, our website ranked for 4 of the 10 search results on page one of Google.

Any phrase that might be used by a buyer should be used in your property description. However, your agent should choose the words carefully. Our MLS only allows 250 characters, not words, in the property description. That's not much longer than a TWEET. You want to make sure the agent you hire knows how to use the right search phrases so your house can be found.

Did your listing agent enter your MLS data correctly?

Not sure how to find an agent who is diligent about inputting the correct information to your MLS? Fortunately, we are well-versed in how to get your house in front of the right buyers using the property description and listing data. Don't be like the sellers in this post who have been trying to sell their house for over four months. Instead, use an agent who will provide the right information in the multiple listing service making it easier for buyers to find your home.

Call Franklin Homes Realty LLC today at (615) 495-0752!

Tammie White, Franklin TN REALTOR®

About Tammie White, Franklin TN REALTOR® 

Tammie White is a REALTOR® and Principal Broker/Owner of Franklin Homes Realty LLC in Franklin TN. Tammie works with relocation buyers looking to purchase a home in Franklin and the surrounding Williamson County area. She understands the way buyers search for homes making her an invaluable asset to Franklin home sellers.

Tammie's website, www.FranklinHomesRealty.com, has become the premier search tool for buyers moving to Franklin Tennessee. She has been writing a real estate blog since 2009 and has been quoted in various publications including the LA Times, Realtor.com, Skype.com, The Tennessean and Williamson Source. Trust your home sale to the company who has sold 100% of their listings since 2012. Call Franklin Homes Realty LLC today!

Tammie White, Managing Broker/Owner
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
GET REAL. GET LOCAL.
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes Realty LLC. Any party who uses this material without the permission of Tammie White is subject to copyright infringement and possible lawsuit.
Comment balloon 40 commentsTammie White • April 10 2017 03:13PM
Did Your Listing Agent Enter Your MLS Data Correctly?
share
Did your listing agent enter your MLS data correctly? Sellers can live or die by the data entered into their local multiple listing service (MLS). This information is usually syndicated to a variety of real estate search websites including Zillow,… more
Should First-Time Home Buyers Purchase in a HOT Seller's Market?
share
The Franklin housing market has been brutal on home buyers. Gone are the days of taking out buyers to see several homes and then taking a day or so to decide whether to make an offer. Buyers who don't pull the trigger immediately will likely miss… more
What's My Franklin TN Home Worth? April 2016
share
What's My Franklin TN Home Worth? April 2016 Properties active on the market: 480 Single-family properties closed in April: 166 Average sales price: $560, 148 Average list price: $569, 999 Sales price to list price ratio: 98. 3% Average days… more
What's My Franklin TN Home Worth? March 2016
share
What's My Franklin TN Home Worth? March 2016 Properties active on the market: 498 Single-family properties closed in March: 170 Average sales price: $540, 574 Average list price: $548, 548 Sales price to list price ratio: 98. 5% Average days… more
What's My Franklin TN Home Worth? February 2016
share
What's My Franklin TN Home Worth? February 2016 Properties currently Active on the market: 458 Single-family properties closed in February: 114 Average sales price: $438, 917 Average list price: $445, 608 Average sales price to list price ratio… more
What's My Franklin TN Home Worth? January 2016
share
What's My Franklin TN Home Worth? January 2016 Properties currently Active on the market: 442 Single-family properties closed in January: 97 Average sales price: $523, 343 Average list price: $525, 334 Average sales price to list price ratio:… more
Franklin TN Home Buying: Heed Your Agent's Advice
share
The Franklin TN housing market is hot, even in February. As a matter of fact, there are only 20 single-family homes in all of Franklin priced under $350, 000. Three of those are new construction and won't be ready for several months. That leaves… more
Franklin Homes Realty LLC Gives Back to Local Residents
share
Telling others about the ways Franklin Homes Realty LLC is giving back to our community is often difficult. Primarily because it feels like it is self-serving. That's why we don't usually share this with others. However, we've decided to do so this… more
What's My Franklin TN Luxury Home Worth? August 2014
share
What's My Franklin TN Luxury Home Worth? August 2014 Properties currently Active on the market: 105 Single-family properties closed in August: 5 Average sales price: $1, 193, 081 Average list price: $1, 276, 281 Average sales price to list price… more
What's My Franklin TN Luxury Home Worth? June 2014
share
What's My Franklin TN Luxury Home Worth? June 2014 Properties currently Active on the market: 104 Single-family properties closed in June: 12 Average sales price: $1, 395, 209 Average list price: $1, 481, 422 Average sales price to list price… more