MLS: An Educational Real Estate Guide
If you’re looking to sell or buy a home, chances are you’ve heard “MLS” once or twice. The MLS is essentially the most important aspect of real estate itself – but what is it?
MLS, or, Multiple Listing Service, is a large national database (by region) that includes listings. This tool is private – it is maintained and paid for by real estate professionals to help their clients buy and sell property. Sometimes, a broker might release information from MLS listings to the public free-of-charge.
Basically, this platform is a broader reach to access more listings!
In order to have your home posted to the MLS, you have to work with an agent. The agent will post the square footage, number of bedrooms, and a quick summary of your home to list on your behalf. Other agents will log into the database and see your home, and vice versa.
While you technically don’t need an agent or the MLS to find or sell a home, (free listings online, like Zillow, etc.), the MLS includes the most up-to-date information – so you could possibly beat other potential buyers.
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