Craig PornoreyFor many homeowners, the decision of whether or not to list their home on the MLS is a difficult one. There are several factors to consider, such as whether or not you will have enough time to show the home yourself and how much money you can expect to make in the sale. Join us today as we discuss the top 5 reasons why you should list your home on the MLS.
Why List Your Home on the MLS?
If you are considering selling your home, you may be wondering if you should choose to list on MLS. Multiple Listing Services (MLS) are databases of available properties that real estate agents use to list and market homes for sale. Home sellers who list their homes on the MLS have a better chance of getting their homes sold quickly and for the best possible price.
Benefits of For Sale By Owner
While there are benefits to working with a real estate agent, there are also benefits to listing your home as For Sale By Owner (FSBO). One of the biggest advantages of FSBO is that you will not have to pay a commission to a real estate agent. This can save you thousands of dollars in fees.
Drawbacks of For Sale By Owner
Of course, there are also some drawbacks associated with FSBO. One of the biggest challenges is that you will be responsible for all aspects of the sale. That includes all aspects, from marketing the property to negotiating with buyers. This can be time-consuming and stressful, especially if you are not familiar with the real estate market.
“Multiple Listing Services (MLS) are databases of available properties that real estate agents use to list and market homes for sale.”
Another disadvantage of FSBO is that you may have difficulty getting your home listed on the MLS. While some MLSs allow homeowners to list their homes without an agent, others do not. Just do your research, and you’ll see there are online service options that can still help you navigate the MLS platform.
Benefits of Using a Real Estate Agent
When you list your home on the MLS, you can also enlist the help of a real estate agent. Real estate agents are experienced professionals who know how to market and sell homes. They will work with you to price your home correctly, stage it for showings, and negotiate with buyers to get you the best possible price for your home.
How to Find the Most Profitable Real Estate Agent for You
If you are ready to list your home on the MLS, the first step is finding a qualified real estate agent. Look for an agent who has experience selling homes in your area and is a member of the National Association of Realtors. You can also ask friends and family for recommendations. Once you have found a few agents you like, interview them to find out more about their qualifications and what they would do to sell your home.
Reasons to Use MLS in Home Sales
Regardless of how you approach your home sale, listing on the MLS can help. Here are the top five reasons why you should list your home on the MLS.
Get More Exposure to Your Home
When you list your home on the MLS, it will be exposed to not only buyers who are working with an agent but also to those who are searching for homes online. This increased exposure will give you a better chance of
More Money in Your Pocket
Studies have shown that homes listed on the MLS sell for an average of 18% more than homes sold by owners. In today’s housing market, that can mean tens of thousands of dollars more in your pocket at closing time.
A Quicker Sale
Homes listed on the MLS also tend to sell faster than those that are not. This is because buyers’ agents are actively searching the MLS for homes that meet their buyers’ criteria. If your home is not on the MLS, there is a good chance that it will never be seen by these buyers.
Less Stress for You
Selling a home can be a stressful process, especially if you are trying to sell it on your own. When you list your home on the MLS, you can relax and let your real estate agent handle all of the paperwork and showings. This will give you more time to focus on other things, like packing for your move.
Works With All Home Selling Options
Whether you are planning to sell your home yourself or list it with a real estate agent, listing on the MLS is a good option. If you list FSBO, you can still take advantage of all the benefits of MLS without having to pay a commission.
“If you are ready to list your home on the MLS, the first step is finding a qualified real estate agent. Look for an agent who has experience selling homes in your area and is a member of the National Association of Realtors.”
Bottom Line: Should You List Your Home on the MLS?
The decision of whether or not to list your home on the MLS is a personal one. There are pros and cons to both FSBO and using a real estate agent. However, if you want to get the most exposure for your home and make the most money from the sale, listing on the MLS is the best option.
