When selling your home
you want to make sure as many potential buyers as possible are aware
of your property. The best way to ensure that "maximum exposure" is
through the services of a REALTOR® and the Multiple Listing Service®
(MLS®).
REALTORS® are experts, trained and licensed in the field of real
estate, who service the needs of the public in the buying and selling
of homes. All are members of local real estate boards and have access
to the MLS® -- an extensive network of listings across the country.
What is MLS®?
The MLS® is a central registry of properties used by REALTORS® to
match buyers with homes on the market. MLS® is described as a "cooperative
marketing system" to ensure maximum exposure of properties for
sale.
The MLS® is very effective. In 2004, sales across Canada from MLS®
listings totaled an amazing $58 billion.
In addition to being distributed in printed catalogues, MLS® is
also a sophisticated computer database of properties indexed by price,
location, type of home, number of bedrooms, amenities and so forth.
Photos of homes may also be available on-line and, most real estate
boards have added their MLS® listings to the Internet through www.mls.ca.
The advantages for the consumer
The major benefit of MLS® to consumers is that it allows the REALTOR®
to use his or her skills to full advantage. REALTORS® are experts
at determining what it is a potential buyer wants in a home--and
a large part of the REALTOR'S® job lies in finding properties that
suit these criteria.
With MLS®, a REALTOR® can search the database for homes that suit
budgets, location preferences and family requirements, and quickly
put together a short list of suitable homes.
Many consumers will find themselves first viewing MLS® material
at their REALTOR'S® office to preview potential properties and narrow
the list further. When it comes time to view in earnest, they know
exactly what homes they want to see, what their options are and what
types of properties the market has to offer. Through the MLS®, REALTORS®
can literally view details of thousands of homes.
This gives the home buyer an extraordinary amount of choice and
flexibility. The search for homes doesn't have to involve driving
around neighborhoods looking for "for sale" signs. Nor
will it mean relying on homes listed only in newspapers or real estate
magazines. With the MLS®, an entire spectrum of available properties
is at your REALTOR'S® fingertips.
Even if you're moving across country or to a distant part of the
province, the MLS® can be used to scout homes in advance, greatly
reducing the worry that often comes with relocation.
The bottom line is that what's good for the buyer is good for the
seller. This is because the main obstacle for any seller is to find
qualified, motivated buyers. The only way to overcome this is to
match your home to the requirements of as many potential buyers as
possible. Using the MLS® cuts through the complexities, exposes your
property to those most likely to purchase it, and makes sure you
won't waste time showing your home to those who aren't truly interested.
So, when you've made the decision to sell, make sure you ask your
REALTOR® about an MLS® listing. It could be that your REALTOR® will
already know of a number of potential buyers, but in most cases,
an MLS® listing will open up a broader range of interested parties. |