Posts Tagged ‘mls’

Multiple Listing Service or MLS

MLS or Multiple Listing Service, like our local MLS of Naples or Sunshinemls, are online listing databases that allow Realtor members to efficiently market real estate to other agents. The MLS includes all the information on each listing including the commission rate offered to cooperating brokers. Much of this information is proprietary and real estate…

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Comparable Sales in the Multiple Listing Service

Most of the public is aware that the Multiple Listing Service is a private resource where Real Estate Professionals list properties available for sale. Recently, the public has been able to access some of that information on such sites as Realtor.com, Zillow.com, Trulia.com and others. Once a property is sold and the transaction has closed,…

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Comparable Sales in the Public Record

The most accessible source of information on comparable sales for the public are closed sales is the county’s public record system. The public records include all sales, even ones that don’t go through Realtors and are thus not entered into the MLS. When someone buys a home the property is deeded from the seller to…

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Determining Your Offer Price

When you prepare an offer to purchase a home, you already know the seller’s asking price or list price. But what price are you going to offer and how do you come up with that figure? Determining your offer price is a three-step process. First, look at recent sales of similar properties or comparable sales…

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