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What is the Multiple Listing Service (MLS)?
The MLS is a database of information for property. When a property is listed with a Realty Firm, the property information and pictures get put into the database. When a property is sold, it is taken out of the database.
Realtor’s are the only people who have access to the MLS. It is not available to the public. With this database, Realtor’s are able to locate the type of property their client is looking for – which makes their job more accurate and convenient.
Why the MLS works for Home Sellers:
Over 90% of homes are sold through the MLS. Being placed in the MLS expands a home seller’s sales force by thousands, exposes the property to a larger number of prospective homebuyers, and creates more demand for the property. The higher the demand, the more pricing power for the homeowner – and the quicker a home will sell.
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