There is a company called “MLS on line” but it isn’t the MLS. The MLS stands for Multiple Listing Service. Those local listings that might be found on Zillow or any real estate website or the popular Realtor. com probably got there via a data feed from the local MLS.
So, what exactly is the Multiple Listing Service? Of what importance is the MLS to Boston condo brokers, buyers and sellers? Who can access the MLS?
I often explain the MLS to my clients. There are a lot of rules about the data because accuracy is very important. Inaccuracies are quickly reported and changes are made to keep it accurate.
The Boston condo market is very competitive. Thanks to the increase in the number of Boston condo real estate agents, there are more options than ever for those looking to sell or purchase a condominium. Unless you are working with an established agency or real estate agent in Boston, you may find it hard to effectively market and sell a property.
Ideally, all Boston condo real estate agents are eligible to sign up to the available MLS systems in the region and the country at large.
Boston condos for sale can not be put in the MLS unless there is a listing contract between the real estate broker and the property owner.
So long as the business is registered and the required certifications are available, one can sign up to any MLS system and pay the annual membership fee to start accessing the services.
- By joining an MLS system in Boston or working with an agent who has MLS access, you will be increasing the visibility of your property to the buyers and agents and will reach a larger audience as a result. Hundreds of other Boston real estate agents who are in the MLS system will be able to see your property and if it matches the description of one of their own clients, they will not hesitate to sell it on your behalf and receive some compensation. This reduces the amount of time taken to sell property which makes selling a property in Boston quick and painless.
- Your listing will appear on all Boston luxury condo websites of subscribing agents who have MLS feeds and also sites like Redfin, Zillow, Trulia, and Realtor.com. Through feed plugins, all the listings made to the MLS will appear on the websites of the agents who are part of the system and this will make marketing the property very easy. People scouring the internet for a new Boston condo are therefore more likely to see your property and inquire about it.
The Multiple Listing Service has revolutionized the way we sell Boston luxury condos and made for a smoother real estate business all around. With increased visibility and marketing opportunities, condominiums are selling faster than ever, and customers are better able to find the homes of their dreams no matter where they start their search.
If you’re interested in working with an agent in the Boston area that has access to the MLS, the team at Ford Realty can help you find your perfect home for sale. Whether you’re looking for a Boston high rise condo in downtown or a starter home in Brighton, MA, we can help you. To learn more about the Boston condo buying process, please visit us at our Beacon Hill office at 137 Charles Street.