Here?s the skinny, Real estate agents list properties on the MLS system. This MLS, or Multiple Listing Service, is a database which is soley accessible by licensed brokers, sales associates, & realtors. The Multiple Listing Service database is where other realtors and agents search out and find your listing and show it to their individual clients / customers for probable sale.
The MLS is joined to a nation-wide database that 1000?s of consumers can access. This is a wonderful benefit because as soon as your house is listed on the Multiple Listing Service, your house spontaneously gets downloaded to Realtor.com, the #1 online site that potential customers visit looking for real estate. To make things even more incredible, Once it is downloaded to Realtor.com, it is then syndicated to thousands of real estate sites throughout the internet, Thus giving your house even more exposure.
The advantage is that all realtors will now have access to your house. So when their customers inquire with them looking to buy a house, they can query the MLS system and your property is right there for them to see. This is valuable exposure for your home. There are a few companies that you can use instead of a Realtor to list in the MLS. Companies such as these are known as Flat Fee MLS Listing companies.
The chances are if you are even considering selling your property, you have already wondered about the following question: Do I list my home with a real estate broker. To no surprise, that daunting 6 percent hangs above your shoulders in discouragement. Lots of property owners don?t want to pay a real estate broker 6% to sell their home. Long ago, when houses were only selling for $50,000, 6% may have seemed like a fantastic deal. However, fast forward to the present where an average house can sell for well above $300,000 ? $500,000, and therefore 6% can no doubtably end up being a humongous share of your profit. Example, six percent of three hundred thousand is eighteen thousand dollars and 6% of $500,000 is $30,000. No thank you.
I think I know what?s on your mind now. Let me know if I?m right. You want to know if you can avoid the MLS and have your listing directly onto Realtor.com. Did I get that correct?
Unfortunately, no you must first be listed in the MLS before your home will appear on Realtor.com. It is this way because Realtor.com receives it?s records from the realtors MLS. That is how it works. And there is no other way to have your property listed on the MLS except by a realtor or a real estate agent.
As such, If you want the booming internet recognition for your home (via Realtor.com and the many syndicated sites), then you will want to make sure your home is listed in the Multiple Listing Service. It?s worth it, as Realtor.com is the number one internet site where home buyers go searching for real estate.
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