YOUR REALTOR AND THE
MULTIPLE LISTING SERVICE®
An Unbeatable Marketing Combination
Experienced housing consumers
know that as a general rule, the most popular times to market a
home are the spring and the fall. With a greater volume of homes on the
market at those times of the
year selection increases, wider price ranges develop and, inevitably, stiffer
competition occurs in the
selling of property. Under such circumstances, what can a homebuyer - or
seller - do to get the
edge?
MLS® Helps Home Buyers
If you are a potential homebuyer, talk to a REALTOR. Describe your ideal
home and provide details,
such as preferred location, proximity to schools, shopping and hospitals
etc. and important features
like a fireplace and a family room. Then set your price range. Using the
Multiple Listing Service®,
your REALTOR can quickly match your needs with appropriate homes available
on the market.
This service, commonly referred to as MLS®, is a co-operative listing
system through which
properties are bought and/or sold. Local REALTORS are members of the Victoria
Real Estate Board
and have access to the MLS®.
MLS® Important to Home Sellers
As a seller, listing your property on MLS® provides the broadest exposure
for your property to not
only buyers, but other REALTORS as well.
When your home is included on the MLS®, all other REALTORS have access
to the information via
computers and up-to-date catalogues. No other system can match its comprehensive
local coverage
and its extensive inventory of available properties. REALTORS from the
Victoria Real Estate Board
use it daily to match buyers and sellers.
How MLS® Fits Into The Bigger Picture
When MLS® information is collected over time, a broader picture unfolds.
A REALTOR can
determine price ranges by area and types of homes in diverse neighbourhoods.
Variations in listing
and selling prices can be determined and fair market values for any type
of home in any given area
can be estimated.
The housing statistics generated by the MLS® system
are used with increasing frequency by
economists, planners, governments, industry and media as a reliable barometer
of performance
within the housing sector and are considered a leading economic indicator.
Talk To A REALTOR
So, if you are serious about buying or selling, consult a REALTOR for reliable
information that is
comprehensive, current, detailed and completely relevant to your wish list.
That 'dream home' is as
near as your local MLS®.
This information is provided by the Victoria Real Estate Board for the information
and benefit of consumers.
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