RES.NET, (RES) a portal provider for the real estate industry, introduced a prelist option to its Buyer Portal, which allows subscribers to search for properties not published on the multiple listing service or listed on the market.
Agents and brokers can tag bank-owned, resale or short sale properties as prelisted homes so investors and borrowers can view the listing before it’s officially posted.
The new function allows potential homebuyers to start the purchasing process quickly. Each of the prelisted properties has a full description of the house including maps, photos, amenities and contact information.
Through the Buyer Portal, prospective homebuyers can also request a showing and submit a direct offer.
"By adding prelist inventory to our Buyer Portal we are giving homebuyers the opportunity to easily view properties not available on other buyer or real estate websites, allowing them to get a head start contacting agents and preparing offers," said CEO and president Todd Mobraten RES.NET and USRES.
He added, "This feature also empowers agents leveraging our Agent Portal, as they can increase their opportunities to represent both sides of their listings and can dramatically reduce timelines for their clients."
Other real estate providers have also caught the before market bug.
Zillow (Z) recently expanded its user experience by allowing potential homebuyers to see homes that are not yet listed. The company is also providing a before foreclosure option for potential homebuyers to views these listings for free.