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Multiple Listing Service (MLS) (also Multiple Listing
System):
...is a database which provides real
estate brokers representing sellers under a listing contract
to widely share information (generally on the web), about a
Seller's property with other real estate brokers (other
Outer Banks Real Estate firms) who may repr esent
potential buyers or wish to cooperate with a seller's broker
in finding a buyer for the property. The MLS combines the
listings of all available properties that are represented by
brokers who are both members of that MLS system (Outer Banks
Association of Realtors) and of NAR, (National Association
of Realtor). Almost all the property "on the market" here on
the OBX is listed in our local MLS (yes there are for sale
by owner properties, but it is clearly understood that
properties listed in the MLS sell for more money, in less
time than properties that are "For Sale by Owner".
** All the real estate data on the web is first collected
from all the local Board of Realtor's. That local data feed
(from the Outer
Banks Association of Realtors) is then distributed to
some, yes some, of the national website search engines for
real estate such as Trulia, oodle, homes.com, and a host of
other search engines. Now...these sites require individual
brokers and agents to sign up and even pay to have their
listings on many websites. They are not automatically
syndicated to every real estate search website on the web. I
can assure you that not all of these search websites have
all the listings from our local MLS...I'll put my commission
on it! They tend to be a poor choice for a real estate
search portal. Realtor.com has all the MLS listings, but
this site does not have local specific search terms helpful
to doing a highly relevant search. (i.e. oceanfront,
canalfront, soundfront, 2 Lots off the Sound, by
subdivision, etc.). I can assure you that using a
highly customized local MLS IDX
feed from a website is far more accurate, easy to use,
and sometimes can even provide you with property alerts that
keep you informed in real-time of your targeted property
search (this site's MLS Search certainly does). The MLS
Search on this website is a highly crafted system. Perform a
search For Outer Banks Realty.
Side Note on Buyer Agency: Understanding your agency rights
is an incredibly important aspect of buying property ...
overlooked by many people. Buyer agency give you legal
representation and will save you a lot of time. When you
call on a listing to get a price, you are you are calling
the agent that is representing the Seller. This no way to
negotiate a good deal unless you understand how to agency
laws affect your rights. Using one agent you are comfortable
with (rather than calling multiple agents off their signs
just to get prices), can save you communication inundation.
Buyer representation doesn't cost you anything. It assures
that you are LEGALLY represented AT ALL TIMES in your real
estate search.
RE/MAX Ocean Realty -2503 N. Croatan Hwy - Kill Devil Hills 252-599-2300
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