*From the 2019 National Association of Realtors Annual Survey of Home Buyers.
As a Seller, that’s a vitally significant statistic. And it has held true for the past decade. Now the question becomes:
It’s comprised of 600+ local Realtors who have a collective agreement to share all of our property listings with one another and offer compensation to our fellow brokers for selling our listings. Most importantly, the MLS provides THE standardized online platform through which all brokers must input their properties for sale.
Once entered into the MLS, all listings become immediately available to the brokerage community in addition to being systematically uploaded to thousands of real estate websites.
And if you know how to build a great foundation, the rest of the sales process will consistently go much faster and more profitably.
Your success as a Seller is largely dependent upon how well your Realtor understands the true functionality and logic behind the MLS.
Understand that many buyers use a 'minimum bedroom count' as part of their search criteria. As an example, if you have a three bedroom home with a 'loft' or 'home office' or 'den' that may not legally qualify as a bedroom, you can still use that room to increase your bedroom count so long as you disclose the issue.
Now you're capturing not only the minimum 3 bedroom buyers, but also the minimum 4 bedroom buyers! And you haven't spent a nickel on renovations.
Just as with bedrooms, many buyers use 'minimum square footage' as part of their search criteria. Most sellers and many brokers do not realize you can use building plans, past appraisals, county tax data, or even the owner's personal measurement of the property. Use the source that shows the greatest value and capture more buyers! Far too many Realtors use the easiest available source, the county tax data, and that may not give you the small advantage you need to show up on more buyer's radar screens.
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Copyright © 2020 SAR MLS and Mike Krueger Real Estate. The information displayed herein was derived from sources believed to be accurate, but has not been verified by SAR MLS. Buyers are cautioned to verify all information to their own satisfaction. This information is exclusively for viewers' personal, non-commercial use. Any republication or reproduction of the information herein without the express permission of the SAR MLS and Mike Krueger Real Estate is strictly prohibited