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What Is The MLS And Why Is It Important When Selling Your Home?


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The real estate industry has evolved over the years. Rumor has it that back in the 1800s, real estate agents used to gather around conference tables to discuss the various properties that were for sale in that city. The information was shared on a quid pro quo basis in which everyone really came out a winner. 

Then, at the turn of the century the concept of multiple listings for real estate properties began and the era of MLS was born. 

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What is MLS?

MLS stands for multiple listing service and is a database tool for real estate in a specific region. In fact, it is estimated that there are nearly a thousand MLS databases that have now been funded by real estate professionals–with the main goal of being able to easily facilitate property sales in a specific region. 



The concept of MLS is that it is a service that is free for the public to use. This means that if you want to list on mls, it will not cost you anything to do so. This means that you can sell your home and put the listing up on the MLS database that includes pictures, descriptions and contact information. 

But it is important to keep in mind that while the public can list on here, it is real estate agents who actually have access to the database. So it is only going to be the real estate agents that can access your contact details and check on the vacancy status of your home. 

MLS also keeps the playing field even. If MLS did not exist, then the real estate agencies would probably only showcase properties listed by their agents. But with MLS, homebuyers and sellers boat get more exposure and everyone comes out a winner.

 

Why It is Important 

When it comes to wanting to sell your home fast, you will want to look at all the various ways to get your property in front of as many eyeballs as possible. This will help make your listing more appealing to more people and give you better odds at getting a great answer. 

Not only do you want to know all the top tips to invest in real estate, you also want to know all the top tips to sell your property efficiently, effectively and for a profit. 

Selling a home takes time. In fact, there are about a dozen steps that have to take place in order to do so. But when you list on MLS, you will be able to work with reliable and trustworthy real estate professionals and assess all your options. 

 

Top Tips to Listing on MLS

When it comes to putting your property on MLS, you will want to follow some of the rules of the database to ensure that your listing performs well. Here are the top tips to keep in mind. 

 

1. Be Timely 

You have to be timely when it comes to listing your property on MLS. This means that you have a certain window of time to fully register after the agreement is signed. In general, it is around a two day period. So don’t delay. 

 

2. Be Accurate 

Of course, you also want to be accurate with the information on your MLS listing. This means that the address you have entered is correct, the details and description of the listing are accurate and the type of information you provide in general is helpful. 

 

3. Be Professional 

One of the best ways to be professional with your MLS listing is by posting quality photos that are a professional grade. MLS do not want average iPhone photos of homes who have not even been tidied up to look appealing to buyers. 

 

4. Be Independent 

You do not need to hire a realtor to list your property on MLS. Instead, you can go through platforms like Homelister to get this accomplished for you. Not only is it going to be helpful in terms or resources, but it also ensures that you do not have to engage with a real estate agent if you do not really want to. 

 

Conclusion 

Listing on MLS can really help you sell your home faster. One of the best benefits of listing on MLS is the fact that it then aggregates your listing onto sites like ZIllow so that you can get further marketing exposure of your rental property. 

Doing so is an important part of any sales strategy and can ultimately help drive a bigger revenue for you. That is the end goal of the real estate game–to walk away with more money than you had initially put down on the property in the first place. 



Now that you know what MLS is and all the reasons why you should consider listing your property on there, why delay any further? These four tips will help you get the most out of MLS and make selling your home even easier.