Advantages Of Using An Mls Broker When Listing Your Home

By Author: Rob Parker
Total Articles: 312
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Selling a house is always a very stressful event. The advent of the Information Age has meant that at least some of the stress can be taken out of the home selling process through the use of MLS brokers. In this article we will take a look at what the MLS is and what it has to offer to home sellers.

What is MLS?

MLS stands for Multiple Listing System. These are privately owned databases on which home sellers can list their property under the approval of certain real estate brokerages.
A brokerage is a company that employs real estate agents: the intermediary between the buyer and the seller.

The benefits of MLS

There are several benefits of listing your home with an MLS broker. The chief benefit is in the area of cost. When you list with an agent, the sale of your home will mean that you sign over a portion of the price to the agent as a commission. This can mean a lot of money leaving your pocket to pay someone else, usually to the tune of tens of thousands of dollars (an average commission for a real estate agent hovers around $7,000.00).

When you sell your house on the MLS, the agent who finds the home is acting on the behalf of the buyer; they use the MLS to find homes that their clients may be interested in. There is usually still a commission paid to the buyer`s agent, but this is often only half of the cost of using two agents to sell your home. If you pay a flat fee to list your home on the MLS, the savings may be even more substantial, as a one time rate of a couple hundred dollars is the only fee the brokerage will charge.

Listing your home on the MLS will not only allow you to keep more money from the sale of your home, it may also help to sell your home faster. Most MLS systems are used by a few different brokerages, and these brokerages may be national and even international in their market. This means that you are no longer tied to local market conditions as far as looking for buyers; anyone who uses that MLS listing system may find your house. It`s much more far reaching than other means of advertising a home for sale.

Listing your home on the MLS through a broker can mean that you deal with two of the most important areas of home selling in one step; not only will you be able to keep more money from the sale for yourself, you will also have a potentially wider market as far as buyers.