Today’s real estate market can be merciless, and a home seller is certainly going to need all the help he can get. So how do you make your home stand out among the pack of other Mount Pleasant homes for sale? Arguably, the most effective way to do so is to hire a real estate agent who can list your property on a multiple listing service (MLS). Get to know how an agent uses this particular real estate tool to find you the best buyers for the best price in the quickest possible time.
What is an MLS?
MLS is a database owned and managed by real estate agents and their regional trade associations. As a real estate tool, an MLS is a primary channel for posting listings among agents and brokerages. A listing agent and broker enters data about a particular home for sale into the MLS, and in so doing, gives other agents and brokers the authority to bring in buyers in exchange for a share of the commission.
Think of the MLS as a sort of property ‘warehouse.’ When a property is made available for sale, it goes into the warehouse inventory. When it gets sold, it gets taken out of the inventory. Since the property can’t actually be stored in this warehouse, the MLS contains only details that relate to the property.
Details that must be inputted into the listing vary with each MLS, but basically, property specifics include number of bedrooms, number of bathrooms, square footage, and location. Multiple pictures are also almost always included. Some are even so handy as to give an interested buyer a virtual tour of the home.
Why the MLS works for home sellers
Most home sellers don’t have access to a large number of buyers. When a real estate agent places your property on the MLS, you expose your property to a veritable pool of qualified buyers who can meet your price range, thereby creating more demand and expanding your sales force. The higher the demand, the more pricing power you get to enjoy, and the quicker your property will sell.
Suffice to say, the MLS is an extremely convenient way to sell a home or property. If you want to post your home for sale on a Vancouver MLS, contact a Mount Pleasant homes for sale agent, such as those from Real East Van.
How Multiple Listing Services Works, HowStuffWorks.com
How to Find MLS Home Listings and Do MLS Searches, TheBalance.com