Last Updated on August 6, 2022 by hassan abbas
Introduction
Multiple listing services can be referred to as a collection of data by brokers in the real estate industry. The database provides citizens with the details about the property that is for sale. The platform allows the brokers in the industry to look over others’ listings in the industry. The platform is built with the objective of connecting the sellers with the buyers. The sharing and consolidating of the information benefit the selling and listing brokers. Traditionally, the MLS platform has been created with the database to allow the customers to allow e-access from any corner of the country.
The concept of this platform is to make the brokers in the real estate industry work together and provide citizens with an efficient and reliable source of data. The brokers and agents in the real estate industry provide the platform with pay membership fees and pay dues for accessing the records. Therefore, these records can only be accessed by licensed brokers and agents of the industry. Therefore, MLS which is a real estate listing websites improve the visibility of your offer among the potential and interested buyers for your house.
Stages to list on Multiple Listing Services:
Multiple Listing Services offers their customer an opportunity to list their offers conveniently. MLS explains the difference between contingent vs pending options where the offer once accepted is listed as contingent and vice versa. Even though it requires a licensed agent working in the real estate niche, there are multiple options to list your home without one.
Stage -1
An individual must gather all the property details to complete the first step to list on MLS. The listing agent would choose the online listing option requiring all the marketing materials to be up to date. The materials include upgrades, building materials, appliance specifications, and repairs. You must inform your real estate agent about trivial details of the association of homeowner, community, and neighborhood. In addition, the homeowner must complete the pending repairs, if any.
Stage-2
The real estate agent prepares for the second stage i.e., completion of seller disclosure. The seller (the individual selling the house) must complete a certain number of disclosures, for example, Transfer disclosure statement, seller property questionnaire, carbon monoxide notice detector, etc. In addition, the seller is obliged to disclose material facts including broken appliances, leaks, damaged floor, etc, if any. The homeowner can attach the property reports to declare the house to be free of any complications. For example, preliminary title, HOA Documentation, etc.
Stage-3
The third step towards completing the home listing process on MLS is the process of staging and cleaning. The seller must complete proper cleaning (professional cleaning is preferred) of the exterior, and interior space and stage it for the buyer. The houses that are staged professionally carry a higher probability of selling. The seller can rearrange the furniture or add unique accessories to give it an edge over the other available options.
Stage-4
The fourth stage is appointing a photographer and scheduling “open houses”. The internet pictures of your house can be a deal-breaker. The buyer’s decision to lock the deal depends on the first impression of pictures they see online. You can appoint a photographer and keep in mind the following points before you get the pictures clicked:
- Organize furniture or any other items in your backyard.
- Get your tables clear and clean to give your house a new and classic look.
- You must remove all the pet-related accessories including leashes, food bowls, etc.
- Let the natural light enter by opening the curtains.
After this step, your agent can schedule an open house. The real estate agents prefer scheduling it on Thursdays to provide sellers with a weekend to show the house and attract more buyers.
Stage- 5
The house owner can decide the listing price with the real estate agent. It is, further, significant to settle on a certain percentage of commission to continue with the entire process smoothly in the future. After the completion of the listing price and commission stage, the homeowner can complete the formalities by signing the agreement of the house listing. Therefore, the house owner must take into consideration the following steps to complete the listing process successfully.
Stage-6
The stages to list your house on MLS end by installing a “for sale sign” over the window or front yard. In addition, the real estate agent can provide you with business cards or property flyers for potential or interested buyers. Therefore, the process completes at stage 6 with your house getting listed on Multiple Listing Services.
Listing the house without a real estate agent
In case, you are not working with an agent and want to list your home on Multiple Listing Services, here is how you can do it:
Listing your house on the MLS without the help of a real estate agent can be less common but is possible. All you need is an à la carte or flat-fee service firm, a bunch of photos, house details, and completion of house paperwork. An à la carte or flat-fee service firm is rare to find or difficult to locate because they have a certain number of formalities to be completed by the owner of the house. However, with some companies in function, you will be able to complete your own listing and lock a deal. In addition, these firms provide listing services that are viable and cost-effective.
For example, the firms providing flat fee MLS services will provide you with sole services for listing a home with a one-time payment option on Multiple Listing Services.
Conclusion
Multiple Listing Services provide homeowners with the required exposure to your house. The firms and real estate asks for one-time payment making it feasible for you to sell your house. In addition, where most of the agents charge hefty amounts from their customers, these service-providing firms can help you save the most of your money. Multiple Listing Services can provide you with the platform you require to sell your house at the most suitable price.
