What is the MLS, and how does it work for you?
The MLS (Multiple Listing Service) is a database of properties currently on the market in the area. Realtors participating in the MLS (which includes virtually all Realtors in the area) list all the homes they have for sale and agree to share in the sales commission of the properties. This means that if we list your property on the MLS for you, but another agent finds a buyer for your house, the other broker or agent is entitled to part of the commission. The big advantage to you as the seller, is that every single broker and agent participating in the MLS has an incentive to sell your home, because they will get paid. This effectively puts every agent in the area to work selling your home! The first place a buyer’s agent looks for properties is always the MLS. There is simply no better way to gain instant and widespread exposure for your home than listing it on the MLS.
So, the first thing we will do as your agent is get your home listed on the MLS! When another agent is searching for a home to meet the needs of a buyer, the agent will search the MLS based on the buyer’s criteria for price range and features. We’ll enter all the important information about your home, such as the size, number of bedrooms and bathrooms, square footage, and any special features. We will also take photos and measurements of your house and include them with your MLS listing. For homes listed over $100,000, we even take a video of your home and have it professionally edited, and set to music. Agents and buyers alike are always more likely to look at listings with videos, and by the way, most Realtors don’t take videos of their listings.
The ML system that we use is called NTREIS (North Texas Real Estate Information System). All Realtors in the North Texas area use this system. So any agent that you choose to list your home, will enter it in this same MLS. Therefore, use the Realtor who can get your home sold AND $ave you money in the process!