Multiple Listing Service: Benefits of Using an MLS

Jan 24, 2020

In the GTA, a combination of the right real estate agents and the MLS can help you sell your home faster. We understand that selling your house can be pretty difficult as regards finding suitable buyers. However, with the Multiple Listing Service, you do not have to worry as much any longer.

Today, MLS is the most popular tool for buying and selling real estate. Basically, it can be defined as a database that connects both buyers and sellers. Additionally, there are hundreds of databases located in the country. Each MLS service used by real estate agents in the GTA contains information on the property for sale in the area.

Do you want to sell your home and are wondering how MLS may be of help? Keep reading to find out how the multiple listing system will help you sell your home faster.

What is the Multiple Listing Service (MLS)?

The MLS is an offset of the Information age that we live in today. It is a database that contains detailed information about buyers and sellers of different properties.

If you are looking to sell property, you can get your home on the MLS with the help of real estate agents in the GTA. Real estate agents are the middlemen that will facilitate transactions between sellers and buyers.

The MLS contains specifics on the properties you are putting up for sale. It includes information such as

Property address
Number of rooms
Home upgrades
Price
Real estate agent in charge of the listing.

There are different types of MLS available in the GTA. Therefore, you should be careful when receiving MLS listings. Although several websites offer to provide you with updates and reports of available homes, not all provide comprehensive ones.

As such, you should ensure you instruct your real estate agent to provide you with an MLS that will provide comprehensive updates and listings in the GTA. This will avail you the opportunity of knowing how best and when best to sell your home.

The Benefits of Using the MLS

The MLS is a definite plus when it comes to selling your home. Benefits of using the MLS include:

It offers increased visibility

Listing your home will help you have strong visibility for your property. As a result of the wide reach which the MLS has, real estate agents in the GTA can easily get your house out there for the best buyer. Although you will pay the fees of these agents, you certainly will make your money quickly.

When you use the system, your listing will automatically come up on Realtor.com and on Redfin. These two platforms are perfect places where buyers search for homes and once your home appears there, you are a step further to the right buyer.

Also, your listing will appear on local sites thereby giving you access to their users by extension. This is because many of the MLS sites are in tune with many other real estate sites. Therefore, when your listing becomes active, the same happens across several other platforms.

It saves you time

Another benefit of using the MLS is that it offers faster transaction times. Since your home will now get noticed very easily, it is simply logical that offers will start popping in soon. As long as there is nothing wrong with your home that discourages buyers, your listing will sell quickly.

Therefore, if you have multiple properties to sell, MLS is your best best. You can sell one quickly and move on to the next. This is in stark contrast to conventional ways of selling homes where you have to wait for so long before you even get an interested buyer in your property.

Your listing will appear on local agent sites

Most real estate agents in the GTA have a plug-in that will display your listing on your site. Getting your property on different websites on the internet increases your chances of making a sale exponentially.

It means that your property will be available to real estate agents and clients in the GTA looking for the perfect property to buy.

It helps you determine the best price for your home

Using information from the MLS, a real estate agent can help you carry out a detailed market analysis of your home. This analysis will encompass the competitive price you need to sell your home. This way, you can be sure that you are getting the best price for your home.

Using the MLS is a secure way to sell your home. You don’t have to worry about your personal information getting out. The information shared on the platform does not have to include contact and vacancy information.

How to Get Your Home on the MLS

There are different ways to get your property on the MLS. They include:

Hire a real estate agent

Real estate agents in the GTA pay a specific fee to gain access to their local Multiple Listing Service. This means that they can easily list your property on the platform on your behalf. When you recruit the services of a real estate agent, MLS listing is a part of the services you pay for with the commission.

Try a flat-fee listing service

Different companies can help you put your home on the multiple listing service for a flat fee. Also, they offer additional services tailored to sellers.

However, with this method, you may have to keep paying to keep your home on the MLS for longer. Also, it means that you won’t have access to the expertise and connection of a real estate agent in the GTA.

Sell with Brewing Brokers

Here at Brewing Brokers, we can help you get your listing on the right MLS. Also, we offer comprehensive services that will make your selling experience a breeze. Our innovative services will cover you from the listing to the eventual close of your property.

Sell Faster Using the MLS

Working with a real estate agent has its perks because they already know about the business. They often belong to one local listing service or the other, indicating that they have access to list their clients’ properties on the clients’ behalf. When you make use of them, they make selling your home easy.

Are you looking to sell property in the GTA? You can make use of our services to get listed and get your home out there.

Our innovative approaches to the listing will help you right from the very first step to the last. We also ensure that you not only get quick service and sales but also at an affordable fee. The MLS is your best bet to making sure that you get the best value for your property and our experts can help you use the service effectively. Contact us today!