Multiple Listing Service and the Realtor
MLS is the Multiple Listing Service.
by Nicky Pilkington
The MLS is a database - an extremely convenient way to know what properties
are for sale at any given moment. This makes it very useful to real estate
agents and brokers.
Basically, the MLS is like a huge property warehouse. When a property
is available for sale, it enters the warehouse. When it is sold, it leaves
The MLS only contains information since real estate cannot actually be
stored in a warehouse. This information comes from the various brokers
that exist in the scope of an MLS.
Why the MLS works for home buyers
First of all MLS is very convenient. Buyers can browse through the available
properties listed on an MLS.
Using the MLS also does not cost anything. It is a free service that
is sponsored by the Realtors advertising their available properties.
On the MLS, a buyer is not limited to choosing among a few available
properties. Usually, the MLS makes available many available properties
that are for sale.
In the olden days, when information was limited, a buyer would only be
able to visit a few homes per day. He or she would also need to communicate
with the agent for details and such.
With MLS, the buyer can start browsing from the comfort of his or her
home. Details regarding the property are also listed there.
Aside from the written details, MLS usually provides pictures of the
property. Other advanced MLS implementations even have other surveying
tools that help buyers come to decisions regarding their desired property.
Fitting the Bill
MLS also helps the buyer by narrowing down choices to those that fit
the buyer’s desires. The buyer supplies information on his or her
desired property to the MLS site. This information includes desired area,
size of property, age, location, and others. The buyer is then given a
set of houses that fit that description.
MLS also makes it easier for the buyer to contact the realtor. Details
the realtor are listed along with the property to allow straightforward
communication between buyer and realtor.
It may be hard to believe but the real estate industry has benefited
a lot from MLS. MLS is the next step in real estate evolution. It is relatively
safe and is very convenient. As the MLS grows in popularity, more and
more realtors avail of its listings. For the buyer, this can only mean
good things – more choices, better decisions.
Find out more about houses and homes at http://leedspropertysale.co.uk
Phoenix Arizona real estate