People searching the internet for real estate often see the acronym MLS, which stands for Multiple Listing Service. The MLS is really just a comprehensive data base of listing for sale. The MLS is an information sharing and cooperative marketing network created several decades ago to help the realtors easily gain access to homes for sale by other real estate companies. Today it is a computer based system easily accessible to realtors and the public alike through agent web sites.
The Multiple Listing Service or MLS is available only to realtors who pay to join the local Board of Realtors. When realtors join the MLS, they agree to cooperate with other realtors to facilitate the purchase and sale of real estate. Today many realtors offer limited access to the MLS database through their websites. Most offer you a few selected search fields, such as price and bedrooms and baths that may yield hundreds of results. A few sites like www.buyblueridgerealestate.com allow you to search multiple fields that allow you to perform a much more detailed search.
The MLS system makes the real estate industry somewhat unique by encouraging a high degree of cooperation among real estate firms. In most industries the goal of the sales person is to sell customers a product that company has in its inventory. Rarely would a sales person tell you about products for sale by their competitors. If you are listing a property for sale with a realtor make sure your realtor puts your listing in the MLS so your property gets maximum marketing exposure to all other members of the local Board.
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With your property listed in the MLS you'll have all the realtors who subscribe to the system trying to find a buyer for your property. It is the MLS database that will provide other members of the real estate Board with detailed information about your property. If you are buying a property, MLS system is a valuable research tool for you and your realtor. Your realtor can input the criteria you want and generate a list of all properties that meet your needs.
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If you are searching MLS listings on the internet remember the results of your search will likely be listed other agents. It is mandated by most boards that the actual listing company and agents name be displayed somewhere on the page. It will usually be at the bottom of the page. Many customers do their own research on the web prior to making contact with a real estate agent.
The MLS system provides realtors with access to much more detailed information than you'll find on a web site such as direction to the listing and showing instructions. While the MLS provides buyers with a wealth of information there is no substitute to working with a knowledgeable real estate agent. Whether you are buying or selling a good real estate agent can guide you through the process and save you time and frustration. Most buyers look at 10 to 20 listing prior to making a buying decision and most real estate agents look at hundreds of listings every year.
Go to the MLS Search on this Web Site
Article by Pat Trainor is the owner of www.buyblueridgerealestate.com, a site that offers the most comprehensive tools for buyers looking buy or sell real estate in the North Georgia Mountains. Visit his site for detailed MLS search of 15,000 active listings. Pat is an Associate Broker for Coldwell Banker High Country Realty located in Blue Ridge, Georgia.
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