Why The MLS Is Your Friend

The MLS is your friend

The MLS or Multiple Listing Service – known as MRIS in this area – is a resource that can be absolutely invaluable when it comes time to sell your home. It’s also a pretty good friend when you’re buying a home. Of course, there’s a catch to it. The catch is your Realtor.

The MLS is a service that Realtors subscribe to in order to input information about home sales and to gather data about existing home sales and homes that are in a kind of pending status or have sold. This data can provide a wealth of information about market trends in your particular neighborhood.

Unlike many of the publicly accessible websites, the MLS has accurate data from virtually every home sale for as far back as you care to look. About the only home sales not listed are the For Sale By Owner (FSBO) homes. There really aren’t as many of them as you may think so they don’t really through the data off.

SOLD on Day One

The real reason the MLS is your friend, though is that most serious home buyers are hooked up with a Realtor. Their Buyer’s Agent.

The whole reason people connect with Buyer’s Agents is so they can know when homes that match their criteria hit the market so they can – quick like a bunny – go out and look at the house.

Heck, I recently sold a house in one day because the Buyer’s Agent was monitoring listings in the MLS for a client that was out-of-town. She went over to the house as soon as it was listed and viewed it through Face Time with her client in California. They liked it and they put an offer on the house.

This doesn’t happen with all the real estate websites people look at in the jammies at three in the morning.

In fact, it takes about a day (sometimes more) for the newest listings to pop up on public sites.

That’s why the MLS is your friend. ┬áIt’s because your Realtor will know as soon as the house hits the market.

“Coming Soon”

In fact, our local MLS has started offering a “Coming Soon” status for listings. These are homes that are within two weeks of going “live”. They are not quite available to be shown to potential buyers and they will most definitely not appear on any public real estate sites. They show up where your Realtor can see them and let you know to be ready to look at it when it does go into “Active” status.

Not every listing is put into “Coming Soon”. It really depends on the agent and the seller. However, it’s another reason the MLS is your friend.

As much as all these real estate websites want you to believe that their the best thing since sliced bread with all the advertising they do, calling a Realtor and having them list your home in the MLS might be the best marketing there money can buy.

About Ken Montville

Ken Montville is a Realtor® and Associate Broker with RE/MAX United Real Estate in the beautiful Maryland Suburbs of Washington, DC. He has been selling nice homes since 1999. Way back in the 20th Century.

When Ken Is not doing the real estate thing he can be found all over social media in places too numerous to mention and he listens to jazz, reads a little (mostly non-fiction), hangs out with the Rotary Club of College Park, MD and can be found blogging at MDSuburbanHomes.com