Discover The MLS Advantage
Many people have heard of the Multiple Listing Service (MLS),a network which is, almost without exception, nationwide. The MLS® is a centralized database of real estate that is listed for sale by brokerages far and wide. Individuals attempting to sell their property on their own lack the advantage of exposure that real estate agents enjoy by belonging to the MLS®.
Advantages For Buyers
As a buyer, the MLS® helps to narrow down your house-hunting in accordance with your particular needs. A Realtor can search homes by area, price range, number of bedrooms or bathrooms, lot size or school district - just to name a few of the more commonly used criteria. Details are standardized, and any information that's listed about a house can be searched; narrowing down the list of potential homes that are best suited to each particular buyer.
Buyers can easily compare pricing on homes in particular neighbourhoods, and listing brokerages will tend to have their list prices based upon a CMA or Comparative Market Analysis, which is in turn based on homes that are actively listed on MLS® or which have recently sold. This helps a buyer know that a home's price is fair and competitive, so they don’t feel like they're over-paying for a property. The MLS® is the most widely respected housing marketplace for buyers and sellers alike.
REALTORS depend on the MLS® to find listings across all local real estate boards and brokerages, which makes it easy for buyers to stick with an agent they like, while still being able to see any home listed by any other REALTOR® in the area.
Advantages For Sellers
Your home's details will be available to all agents party to the MLS® system, giving you maximum exposure to buyers. When real estate agents are looking for a certain price range or certain features that their client is interested in, the information on your home will be included - increasing your chances of finding the perfect buyer.
The MLS® system is not available to individual buyers and sellers. Only real estate agents and brokers that belong to MLS® can access the system and its active listings. Any seller trying to save on commission should consider the range and advantages of the MLS® in finding the right buyer for their home, and in maximizing their potential return.
For sellers, the MLS® places thousands of agents at their disposal, each trying to find a home for thier qualified buyers. This increases the chances of your home selling for a good price in a massive, competitive marketplace.
Ready To Buy Or Sell Your Home With Professional And Expert Help?
If you've not heard of the MLS® or Multiple Listing Service, we'd be happy to demonstrate its value to you. Feel free to set up a meeting to have both the public-facing and internal Realtor MLS Sites explained to you. Put yourself in a position to make the best decisions, whether you are buying or selling a home.
