Before there was the internet there was the MLS for REALTORS® and it’s still the best way to buy or sell a home in London Ontario.
The Multiple Listing Service, or MLS, is a cooperative service between real estate brokerages that lists London homes that are up for sale. It is beneficial to both the home buyer and home seller clients of local REALTORS®.
The London MLS board is not to be confused with REALTOR.ca. Only local real estate agents have access to it. Both seller and buyer clients’ get easy access to real estate market information that helps to secure the best deal for both groups.
How MLS® Helps Sellers
When you as a seller list your London Ontario house using the MLS, that information can be seen by many real estate agents who represent buyers that are looking to purchase a house. Agents from London Ontario use this list every day to match potential buyer with sellers.
How MLS® helps Potential Buyers
Any potential buyer looking to purchase a home should talk to a London Ontario real estate agent to provide details about the type of property they are looking for. Important information includes ideal neighborhoods, amenities of interest like schools, shopping, entertainment and so one. Features of the desired house should also be provided like the number of bedrooms, a fireplace, a garage and any other important features. These should be presented along with an indication of your budget. Your agent is then able to use these details to find a property that fits your description and budget available in the London Ontario market.
A REALTOR® who has access to the MLS® is able to make a good analysis of the London property market over time. Price range can be determined for different neighborhoods and different styles of houses. Any variations in price can be easily noted. This makes it much easier for a REALTOR® to identify a good property for a potential client that is well price.
The statistics provided by MLS® are very accurate and are used frequently by governing bodies, economists, the media, property planners and other interested organizations to determine the facts regarding property purchases and sales and to help make future predictions on the market.
If you are looking to purchase or sell a London Ontario home, you need a real estate agent to gain access to accurate MLS® information about the value of a home in a specific part of the city.
If you have any questions on this blog post or real estate in general please feel free to contact me Kathy Mendham-Meathrel by my brokerage Realty Executives Elite at (519) 649-6900.