If
you want to sell your home, you might want to put it up through a
reliable MLS or multiple listing service. Having your home for sale
up in an MLS allows real estate professionals to see what you offer.
This is a great springboard for you to be able to find your
prospective buyers.
MLS
Basically,
MLS is a collective database that can be accessed by real estate
brokers who have shared listing agreements with one another. This
way, you aren’t just relying on the skills and resources of one
broker to find buyers for your home, but of an entire team. These
brokers earn by commission, depending on the sale of properties they
sold or helped sell.
FSBO
While
some properties bought and sold through MLS are listed by a broker
who is representing the seller, some listed properties can be
unrepresented; these are called “for sale by owner” or FSBO. The
sellers of these properties circumvent the usual MLS restrictions by
paying a flat fee to a broker for having the house listed without
representation.
Benefits
The
main
benefits of MLS are essentially the same for both the seller and
the buyer: access. The seller gets to place his home more efficiently
in the market, with multiple brokers serving as channels to
prospective buyers. The buyers on the other hand, can see a
comprehensive list of homes with helpful data and photos to help them
make their choice.
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