The
Power of the Multiple Listing Service (MLS)
and how the MLS works!
The "MLS" is how real estate is bought and sold. Since the
"MLS" has a large impact on the sale of your home, I will explain
how it works.
It is through the "MLS" that most of the residential real estate
deals are brought together. As realty professionals, Realtors have all
agreed to exchange information about properties for sale in order to help
sell homes for the best price possible in the least amount of time. Realtors
pay an annual fee to the Realtors® Association for the right to publish
information about your home in the computer system.
The local Realtors® Association is a part of the National Association
of Realtors® and is an organized entity designed to help real estate
real estate listing brokers from many different companies cooperate with
each other, establish guidelines for service and ethical issues, and strive
to make the real estate community more professional. It also oversees
the "MLS" computer system - the source real estate listing brokers
turn to first to find properties for their buyers.
The mls flat fee listing service is the only way to sell your real estate,
whether it is a home, condo, land or multi units.
The Multiple Listing Service (MLS) is the key to Home-Sales Success.
The MLS lists the vast majority of real estate listings which are listed
"for sale" by real estate brokers and their real estate listing
brokers. All types of real estate property is listed in the real estate
multiple listing service; houses, townhomes, condominiums, commercial
property, lots, acreage and even rental properties. There are hundreds
of local Multiple Listing Services located thruout the nation. Real Estate
Associations in all 50 US states run their own MLS Systems. Statistics
show that homes listed on the MLS sell faster.
The most important work Realtors do to market your home to other Realtors®
on the "MLS" is to offer detailed listing information and a
photo of your home.
The MLS will give you maximum exposure and this is the key to a successful
transaction. There is no other effective way to sell your property and
be successful.
Why the MLS Works
The
Realtor® MLS system will help you to sell your home faster and for
top dollar!
By listing your home in the MLS the vast majority of REALTORS® will
become aware that your property is available as well as its price and
features. The MLS is the key to a successful sale and enables you to have
maximum exposure. It is simply the greatest marketing tool ever invented
for selling your home. Important information about your property is listed on the MLS. This
information includes general data such as square footage and number of
rooms, to such details as whether you have central air conditioning or
hard wood flooring. There is also a photo taken and a description of what
makes your house "special." Real Estate real estate listing brokers search the database for homes
that fit the price range and needs of their clients. They pay special
attention to homes that have been recently placed on the market, which
is one reason you get a lot of attention when your house is first listed.
The main point about having your house listed in the MLS is that you expand
your sales force by the number of area MLS members. Instead of having
just one agent working for you, now you may have hundreds or even thousands,
depending on the your area.
The Power of the Multiple Listing Service (MLS) The
"MLS" really is how real estate is bought and sold. Since the
"MLS" does have a large impact on the sale of your home, I will
explain how it works. The
local Realtors® Association is a part of the National Association
of Realtors® and is an organized entity designed to help real estate
real estate listing brokers from many different companies cooperate with
each other, establish guidelines for service and ethical issues, and strive
to make the real estate community more professional. It also oversees
the "MLS" computer system - the source real estate listing brokers
turn to first to find properties for their buyers. It
is through the "MLS" that most of the residential real estate
deals are brought together. As realty professionals, Realtors have all
agreed to exchange information about properties for sale in order to help
sell homes for the best price possible in the least amount of time. Realtors
pay an annual fee to the Realtors® Association for the right to publish
information about your home in the computer system and agree to pay a
commission to any agent that has a buyer for your home. The
most important work Realtors do to market your home to other Realtors®
on the "MLS" is to offer detailed listing information and a
photo of your home. The
MLS will give you maximum exposure and this is the key to a successful
transaction. There is no other effective way to sell your property and
be successful.
How does the flat fee service work?
As a for-sale-by-owner you now have the option of getting your property
(home, condo, townhouse, land or rental) listed in the Multiple Listing
Service (MLS) by a licensed real estate broker for a small flat fee.
Please note that the only way to get your property listed in the MLS
is by a licensed real estate broker. You cannot list a property in the
MLS yourself.
As a for-sale-by-owner you have the right to sell your own home. Even
though your home is listed in the MLS you pay no commission if you sell
your own home without the aide of a realtor.
If your home sells thru a real estate agent, you only pay that agent
a commission upon successfully closing of your property. Remember you
only pay a commission to the agent that brings your buyer. The agent that
lists the property does it for the small flat fee as advertised here.
You are getting the same benefit as listing with a full service realtor
at a traditional 6% commission. However, you are only paying half that
commission, plus a flat fee up front to get listed in the MLS.
When a realtor calls you for a showing and brings a potential buyer,
you will know that buyer has already been pre-qualified for a mortgage
loan. Realtors do not show homes to buyers until they show proof they
have been pre-qualified for a mortgage loan.
Plus the potential fear factor of letting strangers into your home to
show your own property as a "for-sale-by-owner" is diminished.
You have peace of mind when a realtor calls you for a showing and has
identification to show he's a realtor and you also know the realtor found
your property in the MLS.
Plus your home will also appear on Realtor.com. Your home will also be
seen on many other Internet real estate websites, such as Listing on major
public internet sites such as Realtor.com MSN.com, AOL Home and Real Estate,
Move.com, Wall Street Journal.com, Netscape Home and Real Estate, Compuserve
Home & Real Estate, Digital City, iWon Real Estate, Excite Real Estate,
Juno House & Home, NetZero House & Home and in addition to the
sites listed below: plus also appear on other local and internet websites
as listed below:
You only pay a commission to any agent that brings you a buyer for your
home at closing. Your savings add up to $1,000s.
- For example a $500,000 - listed with a traditional 6% commission agent
costs your $30,000 at closing
- With the flat fee listing service method, a $500,000 - listed with
a flat fee broker will cost you 1/2 of that or $15,000 at closing, plus
the up front flat fee.
"The MLS" is the secret to success of real estate sales, directly
responsible for about 4 of 5 sales nationwide. About 85% of home buyers
use a REALTOR® to help them locate a property. When a possible buyer
contacts a Real Estate Agent regarding a home purchase, the Agent will
search the MLS for homes matching the buyers' desires, wants and needs.
Statistics show that homes listed on the MLS sell faster.
The Realtor® MLS system will help you to sell your home faster and
for top dollar!
By listing your home in the MLS the vast majority of REALTORS® will
become aware that your property is available as well as its price and
features. The MLS is the key to a successful sale and enables you to have
maximum exposure. It is simply the greatest marketing tool ever invented
for selling your home.
Important information about your property is listed on the MLS. This
information includes general data such as square footage and number of
rooms, to such details as whether you have central air conditioning or
hard wood flooring. There is also a photo taken and a description of what
makes your house "special."
Real Estate real estate listing brokers search the database for homes
that fit the price range and needs of their clients. They pay special
attention to homes that have been recently placed on the market, which
is one reason you get a lot of attention when your house is first listed.
The main point about having your house listed in the MLS is that you
expand your sales force by the number of area MLS members. Instead of
having just one agent working for you, now you may have hundreds or even
thousands, depending on the your area.
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