Using the private MLS is a great idea and can speed up your transaction.
Are you familiar with the term “private MLS”? If not, you’re not alone. Many people are unaware that there is an alternative to the traditional Multiple Listing Service (MLS) that is available to a select group of real estate agents.
When you work with a real estate agent, one of the first things you’ll do is sign a listing agreement. This agreement outlines the terms of your partnership and authorizes your agent to list your property for sale. With a traditional MLS listing, your agent would simply stick a sign in your yard and put a lockbox on your door, but with a private MLS, there’s much more involved.
To get your property ready for the private MLS, your agent will take some time to prepare it for the market. This may include staging, repairs, cleaning, and other tasks to make your property as attractive as possible to potential buyers. Meanwhile, your agent will also take all the data from your property and upload it to the private MLS. This allows your property to start generating interest even before it officially hits the market.
“One of the biggest advantages of the private MLS is its exclusivity.”
Because only a select group of agents have access to this database, your property will be marketed to a more targeted audience. This can lead to higher-quality leads and a faster sale.
But the benefits of the private MLS aren’t just limited to sellers. Buyers can also benefit from working with an agent with access to this database. If you’re looking for a specific type of property in a particular neighborhood, your agent can scan the private MLS to see what might be coming up soon. This can give you a leg up on other buyers relying solely on public listings.
We’ve found that one out of every five of our transactions is done through the private MLS. If you’re having trouble finding the perfect property, we encourage you to reach out to us. Our team has access to this powerful tool, and we’d be happy to help you find the home of your dreams.
