Which website is closest to the MLS?

[Kent Nielson]

For investors without access to the MLS.... Which websites (Trulia, Redfin, Realtor, etc.),

are most accurate and up to date? I'm wondering expressly for these two purposes.

1. Recent home sales 

2. Speed of which new properties are listed. 

Cheers

[Nicholas Grancharoff]

Hey Kent - the answer depends on whether or not your state is a nondisclosure state. In nondisclosure states, like Texas, the actual sale prices for sold homes are not shown on sites like Redfin or Zillow. The sale prices shown are strictly the financed amounts. So, if a house sold for $300k but the owner only financed $200k, Zillow or Redfin will show $200k. It's not an accurate number to calculate comps.

If your state is a disclosure state, I'd say stick with Redfin. Everything I've read about it seems to be true because I use it as well.

In the meantime, also check out REIPro for lead generation.