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Why do I need the MLS?

According to the National Association of Realtors, 13% of homes are sold without the MLS.  That means an overwhelmingly 87% of homes are sold every year using the MLS!  There are two main reasons the MLS works so well.

First, most home buyers today still prefer to work with Realtors when searching for homes.  Agents provide a plethora of information for the home buyer and many buyers are reluctant to enter into contract agreements without an agent.  A large part of the Realtors job lies in finding properties that suit the buyers criteria. With the MLS, a Realtor can search homes for sale that suit their buyers budgets, location preferences and family requirements.  From the MLS they are able to quickly put together a list of suitable homes. The buyers that Realtors work with are ready, willing and able to buy a home, and as most sellers know, finding a serious buyer is one of the hardest things when selling your home. By listing your home in the MLS, Real Estate agents and homebuyers will know you are serious about selling your home.

Second, as you know, the internet is quickly changing the way homes are bought and sold.  For those home buyers not wanting to use a Realtor, public internet sites such as Realtor.com, Homesdatabase.com and Homebuyerexpress.com, allow them to view homes that are currently listed in the MLS for sale (unlike the MLS where updates are immediate, listings on the public web sites are typically updated 
every 2-3 days).  However, as a home seller, the only way to have your home listing on these public websites is by being listed in the MLS. 

By listing your home in the MLS you will be opening up a world previously unknown to For Sale by Owners.  Not only will Realtors have access to your listing with their qualified buyers, but millions of people all over the world will be able to view your house for sale. Using the MLS cuts through the complexities of selling your home yourself, exposes your property to those most likely to purchase it, and makes sure you won't waste time showing your home to those who aren't truly interested.
 

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