New MLS System

Posted at 2:51 PM, Jul. 15, 2008

Effective Monday July 28, 2008 the entire Arizona Regional Multiple Listing System (ARMLS,) will convert from our previous Tempo online data system to a new provider known as "flexmls Web." The impact on both Realtors and clients will be similar to trading in a 1990 Toyota Corolla for a brand new Lexus. Where the previous vehicle was state of the art if it had cruise control and a CD player, the new model has radar guided cruise control, an ipod interface, surround sound system, 8 airbags, a Nav system with traffic and weather reports, a program that enables it to parallel park itself....and a lot more power. This is all basically good, although it can make starting the car, and driving to and from the grocery store a more complicated proceedure.

I will conservatively guess that it must double the available amount of property information and search parameters. Our ability to compile, compare, analyze and present that data will be similarly expanded. This should provide two huge benefits.

When working with buyers we will be able to provide much more information for the buyer to evaluate: details that previously may have required driving to and physically inspecting the properties. For just one example, my understanding is that the number of photos per listing has increased from a maximum of six, to as many as the listing agent wishes to supply. We are going to be able to help buyers not only eliminate the "wrong" properties, but also to get to the "right" property faster. Saved time is always priceless. And with skyrocketing gas prices, reducing the number of houses physically inspected will quickly recoup the increased MLS dues now paid by Realtors.

For sellers, we will be able to provide vastly more enlightening Comparative Market Analyses.  Property  and market conditions which sellers previously had to "take the Realtor's word for," will now be tangibly documented. Pricing accuracy will be improved from "being in the right ballpark," to knowing whether one should be in Centerfield or on Home Plate. Of course good Realtors have long been able to supply accurate price estimates. Previously, we did it by personally inspecting every listing in our areas of specialization, and knowing the ins and outs of our local  markets. Such local knowlege will still be invaluable, but about half of what used to inside info will now be available to any agent who knows how to extract it from the MLS data.

Technology is really expanding the amount of information we can supply to our clients.Some benefits however, will remain unique to each individual Realtor. These factors will include agent integrity, negotiating skills, and the ability to make the buying or selling experience smooth and enjoyable.