We understand the fact that selling a house can be quite a stressful event and it takes hell lot of an effort to do the same. Here is why, almost every real estate agency provides several ways to sell your house at a good price.
MLS is another way to sell your house in the market and there are plenty of reasons why you should be putting your property’s name on the MLS listings in Vancouver. So what exactly is MLS?
What does MLS mean or what does it stand for?
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.
What are the benefits of using MLS listing?
There are plenty of benefits of using the MLS and they can help you in great terms.
Here are a few –
1. 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.
2. When you sell your house on the MLS, the agent who finds the home is acting on the behalf of the buyer; they always use the MLS to find homes that their clients may be interested in. Although there is usually still a commission paid to the buyer`s agent, but most of the times, this is only half of the cost of using two agents to sell your home. In case if you pay a flat fee to list your home on the MLS, the savings may be even more substantial, as a onetime rate of a couple hundred dollars is the only fee the brokerage will charge. So even if you are paying some money for the MLS, you don’t have to pay a huge amount to the broker – and it is just a onetime fee which is affordable and won’t even cost you that much.
3. Using MLS will help you sell your house faster and in a better amount. These MLS aren’t used by just one broker; it is used by plenty of brokers which is actually an icing on the cake kind of thing.