A seller’s guide to Multiple Listing Services (MLSs)

The real estate industry was propelled by agents and brokers, who did their best to bridge the gap between buyers and sellers. Of course, more was needed, and that’s probably when the ideal of a multiple listing service or an MLS came up. In easy terms, Multiple Listing Services (MLSs) are like databases that have listings of all properties for a given region or area. It also works as a platform for brokers, who get connected and bring business for themselves and the industry, while ensuring profits for all. Usually, the buyer’s agent makes money from the deal, which can be somewhere around 3% for the sale price. If you are selling a home, please check some of the details below about multiple listing services.

Why go for Multiple Listing Services (MLSs)?

Sellers and brokers may have many reasons to get the property listed on Multiple Listing Services (MLSs), most obvious being better exposure. If you want to get access to buyers, it is important that your home gets seen, and for that, MLSs are important. Yes, there are known websites like forsalebyowner.com, which can help in combining available properties by sellers, but MLSs can be consolidated further. Also, you are in complete control of the deal, and unless you have engaged a sale agent additionally, you don’t have to pay anything except for the buyer’s agent services. However, there is a small fee for getting your property listed.

How to enlist your property?

It is important to understand that free websites do not work as you would expect. Instead, it is best to find a licensed real estate dealer, who can help with MLSs. The procedure is rather simple – you contact the agent, complete the form and sign the papers, and your listing will appear on all major Multiple Listing Services (MLSs) in your area in just three days. Some dealers can charge a commission based on the sale price, but the professional ones usually have a flat fee, which is transparent and has no scope for hidden charges.

With Multiple Listing Services (MLSs), your property is represented by hundreds of brokers, while you are just paying price for one. Make sure that you select a broker who’s licensed and offers the best possible customer support. Don’t shy away from asking questions and be clear of the price, which should include all expenses and the option to continue the listing, until the house is sold.

Haden Armstrong