Fla. MLS offers true lifestyle cost

One of Florida’s largest MLSs, My Florida Regional MLS, rolled out a new real estate search website that offers buyers an estimate of their full monthly costs after a purchase. To do so, the True Lifestyle Cost (TLC) combines buyers’ financial information with a listing’s historical utility costs, commuting time, property taxes, insurance rates and estimated mortgage. The True Lifestyle Cost calculator appears with every listing.

The State27Homes.com also claims to update its listing inventory – pulled directly from the Realtors® multiple listing service – every five minutes.

“Two of the biggest concerns for home buyers, particularly millennials, is competition amongst other buyers and inventory,” says Sean Ferguson, MLS president. “Being able to obtain the most current listing information can be the difference between finding that dream home and finding out that someone else found that dream home first.”

State27Homes.com also includes Down Payment Resource (DPR), a buyer tool that automatically helps buyers obtain mortgage help by identifying properties that meet specific criteria for downpayment assistance programs.

“TLC and DPR address another concern for buyers, which is affordability,” says Ferguson.

“All in all, we hope the site allows home buyers to get an idea of the type of home they’re looking for, and then connect with a Realtor when they’re ready,” said Merri Jo Cowen, My Florida Regional MLS CEO.

© 2017 Florida Realtors

 

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