Windermere Exclusive Properties
355 Carlsbad Blvd.
Carlsbad, CA 92008
Phone: (619) 997-3339
© copyright by RealEstate ABC
MLS stands for Multiple Listing Service.
Basically, the MLS isa big property warehouse - sort of like a "home depot." When property is available for sale, it goes in the warehouse. When it is sold, it gets taken out of the warehouse.
Sincereal estate cannot actually be stored in a warehouse,the MLS only contains information.
So the MLS is actually a database -an extremely convenient way to know what is available for sale at a given moment. That is why real estate agentsdeveloped the MLS.Quick knowledge of home inventorymade agents more productive.
The Evolving MLS:
Sincedeveloping and maintaining the MLS systemwasn't free,agents created local "MLS Associations," required membership, and charged each other annual dues (plus additional fees) so that they could pay for the necessary staff and materials to make it work.
In the really olden days, an agent submitted listings to their local association and the MLS staff compiled the data on what was available for sale and what had been sold.Once a week (or so)MLS membersreceived a book that showed all the current listings.
Then (in the "merely" olden days) computers came along and made it easier to create the listing books. When modems came alongthe books were no longer necessary, though it took agents awhile to adjust.MLS memberscould now"dial in" directly to the computer.
Finally,along comes the information age -- and theInternet.
Beginning in 1996, some property information from the MLS was placed on the web. It isn't as current as dialing directly into the computer, and information on the web does not contain all the properties available in the MLS. Plus, there is no national MLS or database. Information you find on the web is compiled from local and regional MLS systems, not all of which participate on the web to the same extent.
Why the MLS works for home sellers:
The whole MLS idea is a boon to sellers because of "supply and demand."
How can you, as a seller, get access to the largest number of buyers? Placing an ad in a newspaper? Or putting your home information into a computer accessible by every MLS member who will show your property to their qualified buyers in your price range?
BBeing placed in the MLS expands a home seller's sales force, exposes the property to a larger pool of prospective home buyers, and creates more demand for the property. The higher the demand, the more pricing power enjoyed by the homeowner - and the quicker a home will sell.
Why the MLS works for home buyers:
It is extremely convenient, does not cost a penny to buyers, plus... /p>
...you get a qualified and experienced guide to help you through the complicated process of becoming a homeowner.
WE CAN HELP YOU RELOCATE! Find out everything you need to know about relocating to beautiful, sunny Carmel Valley or surrounding San Diego communities.>> learn more
We offer the highest quality, professional Real Estate services in Carmel Valley and San Diego, with an emphasis on the following communities:
The City of San Diego's strong economy, diverse population, great educational institutions, unsurpassed quality of life, and world-renowned location make it the ideal place to do business, to work, and, most of all, to live. Learn more or choose below...