SF: And the Selling Price is… Password Protected?
Part of being a smart homebuyer is, of course, knowing how much stuff is selling for. Not only that, but also where stuff is selling, how long it takes to sell, and how close (Over? Under?) to asking it sold for.
Used to be able to get info on this stuff from, aptly, San Francisco Schtuff. No more. Because, technically, the columns revealed “prohibited” data, the Seductively Sold post was temporarily removed from the site. Schtuff creator and Realtor, Garrett Goldman, hypothesized the motivation to shut down this column was pretty basic:
I’m assuming that “protecting” such highly sensitive data (we’re not talking nuclear launch codes here people), helps keep jobs and power in place. If the general public has easy access to sold data, then they may actually ask Realtors the tough questions when it comes time to interviewing before hiring one.
But, in a move that, to my mind, puts the “real” back in “realtor,” Goldman now offers the sold price of a home via password: first you sign up to possibly be his client and agree to a bunch of fine print, blah, blah, just click “I agree,” and you can then see how much homes sold for, along with their addresses, days on the market, and original asking price.
The funny thing is, all the subterfuge is, well, funny. You can go to SF Gate and check out how much homes sold for in a given week, so if you were watching a particular home, you could see all the information you wanted by doing your own homework. The fact that all these data are now publicly available has not been missed, even by those who argue against an easily read public repository for the information. Kenneth Kohlmyer (AKA Fluj) wrote on the Front Steps that
If you think about it, all the information is available to anybody. It’s just that the MLS stores and categorizes the information in a particularly useful way. Now, since the information is available, why should the database that categorizes the free information be free to everyone? I don’t think it should. This is a private trade group’s search tool and publishing tool. It now works pretty well, and only after years of trial and error, input, quarterly fees, etc.
Commentors on this blog point out that the MLS will have a hard time justifying its secrecy as technology moves forward. The “internet will roll over” such a practice.
In general, I don’t believe anybody has a chance by standing in the way of the megatrend that says “Information Wants To Be Free.”
On the other hand, Jed Lane writes
The MLS is a service owned by the real estate brokers that set it up. That’s all. It is a wholly owned entitiy and like any other entity it is entitled to do with it’s product what it wants.
Realtors that are active in Board politicas and in emerging technologies understand the desire of new users of technology to have all data be free. The saying goes that “data wants to be free”. No, not really. Data exists, it;s just there that’s all. Who has access to it and what is done with it is at the perview of the group that gathers it. [sic]
Jed’s right, of course; but that does mitigate the reality that the data are readily available elsewhere if I’m willing to look. And I have a feeling, when it comes to being prepared to buy a home, most people will be willing to look as well. In fact, we already are.
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Photo credit: K and M Bead Shop