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The Many Sources Of Real Estate Listings

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Real Estate Agent

The buying and selling of property can happen either directly between the owner of the property and the potential buyer, or it can take place through a licensed and registered real estate agent. The maximum number of transactions in the real estate world takes place through a real estate agent, of course. The primary reason for this is that these agents have access to the maximum amount of information about the various properties listed for sale. There are three primary sources of this information for use:

 

Multiple Listing Service

The multiple listing service, or MLS, is the database of all the residential, land, and smaller income producing properties which have been put up for sale. The properties which form a part of this list are those properties which have been put up for sale by some fellow real estate agent. This list is by and for the benefit of the real estate community, and allows you to sort through every manner of listings, including Scottsdale real estate for sale and more. The main purpose of devising this list is for the agents to make bids and offers for properties to other agents under whom the particular property has been listed.

 

Commercial Property Listings

Just like the multiple listing service, commercial property listings are also easily available on the internet. However, listings of aggregated commercial properties tend to be a little harder to find on the internet.

 

Commercial Information Exchange

Commercial information exchanges are operated by the larger multiple listing services. CIE and MLS are very similar to each other. There is just one difference between the two: the agents exchanging information on the CIE are not required to pay any compensation to each other. Their fees are decided between them outside of the CIE boundaries.

 

Direct Sale By Owners

A lot of people are interested in dealing directly with the property owners and removing the agents from the scene completely. However, the properties which are being sold directly by the owners are difficult to find since they are not listed on any of the above listings. In order to locate such properties, one will have to drive around the town and look for sale signs on the properties. Another way of finding out about such properties is to look for property sale advertisements in the classified section of the newspaper. Nowadays, the owners of properties place advertisements for sale on various internet sites that are specifically setup to help those doing FSBO as well. One can visit these sites and find out about these directly selling properties. A list of these properties can also generally be found with the realtors association.

 

No matter how you locate the property of your choice, it is important to ensure that you are not being cheated or duped during the transaction. 

Comments (3)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

There are many sources are also many sources just here at AR for us to inspire one another and each other.

Aug 28, 2015 04:45 PM
Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Thanks for the blog!!! There are dozens of sources of listings only if you focus and follow up.  MIne are 85% repeats and referrals.  All I have to do is to show I care and take care of business and you will seldom lose them!!!

Aug 28, 2015 09:18 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Harry Ikanson thanks for sharing the 'source' of real estate listings.

What I have seen is, working with your sphere is the best way to generate the listing.

Aug 29, 2015 03:44 PM