What Does The MLS Do?

Even before the sign is up and the brochures are ready, your agent should list your property with the local MLS (Multiple Listing Service). The MLS is a database of all the homes listed by real estate agents who are members of the service within that region, county and/or state, which is practically all of the local agents.

Important information about your property is listed here, from the all important price to general data such as square footage and number of rooms, bedrooms, baths to such details as the style of the home, whether you have central air conditioning or hard wood flooring and any and all improvements recently completed. There should also be a photos and a virtual tour, and a short verbal description of what makes your house “special.”

Agents search the database for homes that fit the price range and needs of their clients. They pay special attention to homes that have been recently placed on the market, which is one reason you get a lot of attention when your house is first listed. Many agents will want to preview the home before they show it to their clients.

The main point about having your house listed in the MLS is that you expand your sales force by the number of local MLS members, which on Long Island is approximately 20,000 strong. Instead of having just one agent working for you, now you will the leverage of 1000’s or more, depending on the size of your community.

The listing agent’s main job making sure that the other MLS members know that your house being on the market. This is accomplished through listing your house in the Multiple Listing Service, broker previews and advertising targeted toward other agents, not homebuyers.