Just what is the MLS?
Simply put the MLS is a computer database which allows agents to find homes based on bedrooms, size, amenities and lots of other criteria. Only a real estate agent can enter information in the MLS. The MLS is considered the number one selling tool used by real estate agents. Over 90% of all real estate sold comes through the MLS system. Real estate agents pay a fee to the Realtors' association for the right to publish information on the MLS system and agree that sellers will pay a commission to any licensed real estate agent that brings the buyer for their home.
How much is this really going to cost me?
If you sell by owner You only pay the flat fee package price, If a Realtor brings you a buyer, you will pay the buyer's agent commission you choose to offer when you sign up.
Is the MLS really going to help me sell my home?
If you really want to sell your home then you need all the exposure you can get and listing on the MLS is simply the best way to do that. There is no guarantee that listing your home on the MLS will bring you a buyer but, having your home on the MLS is crucial if you are serious about selling! Up to 90% of all US home buyers use the services of a real estate agent and, their real estate agents use the MLS to search for homes on the market. Not only does the MLS provide a central location to advertise homes for sale to local agents, it communicates to them that the seller is willing to pay a commission to the buyers' agent. Thus, listing your home on the MLS serves to motivate real estate agents to show your home and to work hard to sell your home to their buyers. Surveys show that other methods of advertising are far less effective and rarely produce satisfactory results .