Exposure is the name of the game when it comes to selling your home. Multiple listing services are a good way to get the exposure, but not all such services are the same.
A multiple listing service is something you might not have heard of because it is more commonly called MLS. It is a database of homes for sale. The database traditionally has come in the form of a booklet, but now is more often found online.
Regardless of the platform, the MLS contains information on homes sold. The information is pretty much what you would expect. The basic information on the home such as age, size, number of rooms and bathrooms and any particulars are mention. The price, of course, is also included as, typically, is the selling agent.
MLS listings were formerly the reign of the real estate agent. To be included in the MLS, you had to formally retain a real estate agent. The agent would then list your home and act as the contact source for other buyers and agents. In exchange, of course, the agent received a juicy commission on the sale of your home. These days, it is not necessary to retain a real estate agent [a pay the commission] for a couple of reasons.
First and foremost, it is important to understand that there is not one MLS. Instead, there are many. Some include homes nationwide, and are typically found on the Internet. Others are controlled by real estate agents and cover just a certain area. For instance, there is a MLS for just San Diego, Los Angeles and so on.
Buyers can usually access the online national database for free. As a seller, you can expect to pay a flat fee to list your home. If you prefer to stick to the local MLS for your area, it is still not necessary to retain a real estate agent and their 6 percent commission. Instead, you can usually find a flat fee listing service. Just search for flat fee MLS and your area in any search engine. Either approach will save you a bundle compared to paying a six percent commission to an agent.
Exposure is the name of the game when it comes to selling property. To gain exposure, make sure to explore the MLS options available to you.
Raynor James is with FSBO America - get a free one month listing when you sell FSBO homes for sale by owner.
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