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Until now, sold data has typically been available through County public records provided as long as 90-days after transactions are completed. This delayed access to accurate data is one reason home valuations on many real estate portals are inaccurate, out of date and unreliable. County records also don't always include significant property amenities which often have an impact on sale prices. Information from the SoCalMLS on "sold properties" will be displayed within Realtor.com's "Find Home Values" feature, a new resource currently under development by the category leader.
"If you're basing a real estate decision on old or out-of-date information, you risk making a poor decision with potentially significant financial consequences," said Realtor.com President Errol Samuelson. "Providing current and detailed information on sold properties drawn directly from the local MLS, in conjunction with our 15-minute fresh update program, educates home buyers and sellers so they can have more productive and informed conversations with their real estate agent or broker. We're pleased to welcome the SoCalMLS as our newest partner to display their sold property information as we further develop and expand our 'Find Home Values' feature."
The SoCalMLS is the fourth major MLS to feed their unique sold data to Realtor.com through Find Home Values. Other MLSs currently feeding sold data for display within Find Home Values includes the First MLS in Atlanta, the Greater Las Vegas Association of REALTORS(R), the Northern Ohio Regional MLS, the Tucson Association of REALTORS(R) and the Northeast Florida MLS in Jacksonville.
According to its August report, http://marketing.realtor.com/augustsearch/, Realtor.com shows Southern California as one of the most actively searched regions in the nation for real estate. Consumers searching for real estate in the region can now easily connect with the most active local real estate professionals because the SoCalMLS data sent to Realtor.com includes contact information for both the listing and buyer's brokers on each transaction.
Russ Bergeron, CEO of SoCalMLS said, "As interest in Southern California real estate increases, buyers and sellers will want to identify and connect with agents or brokers that know our neighborhoods and local market trends. Providing timely information such as actual sales prices and contact information for local Realtors(R) through Realtor.com enables millions of consumers to accurately monitor market activity and act on it with the assistance of local professional experts. We're please to join Realtor.com in connecting potential Southern California home buyers and sellers with our members."
To access fresh sold data from the SoCalMLS through Realtor.com's Find Home Values, visit http://www.realtor.com, or directly at http://www.realtor.com/homevalues.
ABOUT REALTOR.COM(R)
REALTOR.com(R), where the world shops for real estate online, is operated by Move, Inc., (Nasdaq: MOVE | Quote | Chart | News | PowerRating) and is the official Web site of the National Association of REALTORS(R). Ranked as the #1 homes-for-sale site, REALTOR.com(R) currently offers potential home buyers access to over four million property listings, as well as the most brokers and agents. It also provides REALTORS(R) and the home sellers they represent with the Internet's largest real estate marketplace, reaching more than 5.4 million consumers in August 2008[1]. Agents and companies have the power to customize REALTOR.com(R) resources to maximize their brand and productivity.
REALTOR(R) and REALTOR.com(R) are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS(R). REALTOR(R) is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribes to its strict Code of Ethics. All other trademarks appearing above are the property of Move, Inc., or of their other respective owners.
ABOUT MOVE, INC.
Move, Inc. (Nasdaq: MOVE | Quote | Chart | News | PowerRating) is the leader in online real estate with 7.7 million[1] monthly visitors to its online network of websites. Move, Inc. operates: Move.com(R), a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com(R), the official Web site of the National Association of REALTORS(R); Welcome Wagon(R); Moving.com; SeniorHousingNet(TM); and TOP PRODUCER(R) Systems. Move, Inc. is based in Westlake Village, California, and employs more than 1600 individuals throughout North America. For more information: http://www.move.com.
ABOUT SOCALMLS
For 15 years SoCalMLS, the second largest MLS in the U.S.A., has prided itself on a record of outstanding customer service while supporting a vast array of products and services to as many as 55,000 real estate professionals throughout the Southland -- earning itself the reputation as the preferred provider of real estate information technology services. For more information please visit news.SoCalMLS.com or e-mail info@SoCalMLS.com.
[1] comScore Media Metrix, August 2008
This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
REALTOR(R) and REALTOR.com(R) are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS(R). REALTOR(R) is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribes to its strict Code of Ethics. All other trademarks appearing above are the property of Move, Inc., or of their other respective owners.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080213/MOVEINCLOGO)
SOURCE Move, Inc.
http://www.move.com
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