This post is going to be a short one, or at least I hope. Barrington MLS listings have a lot of data included in them but very little of it is guaranteed. This makes it difficult at times to formulate a plan to buy a property if you’re basing your offer on the data on that MLS sheet.
First it’s important to know which sources the data is compiled from.
- The property seller
- The County Assessor
- Old MLS records
- Visual recording by the listing agent
The property seller should know all the answers about their property, surprisingly though they don’t. The County Assessor has some published information, some counties more than others, that information is not guaranteed either. Measurements are not required to be accurate and where rooms are concerned we give the nearest foot. Old MLS records may be worse than current ones. Agents make mistakes too.
- There are some parts of the data which should be 100% spot on. How about the address? Well I hope so!
- Some of the data is not required, can optionally be completed. That’s why some listings look more complete than others.
So what data do buyers likely rely on?
- Rooms and measurements
- Square footage if provided
- HOA fees
Aside from price I am willingly to tell you, the rest may be inaccurate.
- Although we have guidelines on rooms and measurements it’s still estimated data. I hope the room counts are correct but not always!
- Square footage can be determined by checking the County Assessor, Builder or Seller. None of them may be right.
- Taxes -these should be correct but are not always updated promptly as we move year to year. Current exemptions may not apply to you!
- HOA fees – often out of date with no current information available.
- Schools. Please if this is a critical component for you, call the school administration offices for verification.
Sadly some Barrington MLS listings are very poorly prepared, let me go so far as to say lazily prepared. Select your Realtor wisely!
Barrington MLS Listings Data and Your Offer
And there you have it. I’ve thrown some doubt on your offer strategy! Sadly some of these pieces of information maybe incorrect and you’ll never know, nor will I. Some inaccuracies are more critical than others. So when you start looking at homes, be sure to learn about the houses you are looking at, make sure they have what you need, at least in as much as you can. Go back for a second look! It’s amazing what you see on the second tour that you missed the first time around.
Contact us today if you are looking to move to Barrington. Corinne will add her expert information to those listing sheets and help make sense of it all. Call her at 847-363-3686.