How to Get Free MLS Comps Using ListingSpark’s Comparative Market Analysis

Before we get started, let’s first start with learning more about what exactly “comps are”, and why it’s important they come directly from the MLS instead of other third party sites.

Why are MLS Comps Important?

1. Most sites like Zillow and Realtor.com do not post the final sales price. Instead, they only have the list price for when the home went under contract. The final sales price could be 10’s of thousands of dollars over or under the list price, leading to inaccurate valuations
2. Zillow and Realtor.com are unable to access every listing on the market. Real Estate agents have the option to opt out of syndicating their listings to third party sites. Meaning, if you are not looking on the MLS, you are missing listings.
3. AVMs (automated valuation models) like the Zestimate are based off of flawed algorithms, and often provide inaccurate valuations. Real Estate professionals, such as appraisers, will never consider AVM’s as a reasonable means to determine a property’s value. 
4. The MLS has extremely strict rules to ensure data integrity, ensuring the information you are getting will be accurate. 
5. If you are not using the SOLD prices of comps as the primary source for deriving a property’s value, you are risking inaccurate valuations.

Why don’t you have access to MLS data?

The MLS is a subscription based listing service that only licensed Real Estate agents are able to subscribe to. Consumer websites such as Zillow, Trulia, Realtor.com or any of the search portals on the brokerage sites only get a portion of the data available on the MLS.

If you’re wondering how to sell your home without a realtor, it’s important to note that Texas is a non-disclosure state, so there are strict compliance rules about displaying sold home data.

How does ListingSpark gain access to real MLS Data?

1. ListingSpark pays the high licensing fees necessary to license data from the MLS.
2. We follow the strict data-sharing rules laid out by the MLS.
3. Our tech team built custom software with the ability to pull huge amounts of data from multiple MLS’ daily, aggregate this data, and displays it in an easy to use manner.

By using ListingSpark’s Market Comparison along with our detailed listing checklist, you can ensure you’re accessing accurate and comprehensive MLS data to find the best comps and make informed real estate decisions.

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How to use ListingSpark for Comparative Market Analysis

You can navigate to ListingSpark’s Market Comparison to schedule time to talk with a professional ListingSpark real estate agent who can analyze your property and the market for free to give you the most accurate comps possible.

If you are in Texas, Georgia, Tennessee, or Florida, home selling just got easier with ListingSpark. Save thousands in real estate commissions and enjoy a stress-free sale. 

Don’t miss out – Click here and let us guide you to a successful and cost-effective home sale.