Home Search Using the Multiple Listing Service or MLS
When a realtor sets up a home search for a client using the Multiple Listing Service (MLS), the process is designed to match the client’s specific preferences and criteria, helping them stay updated on new listings that meet their needs. Here’s how it typically works:
1. Initial Consultation with the Realtor
- The client discusses their home search criteria with the realtor. This typically includes:
- Location**: Specific neighborhoods, cities, or zip codes.
- Price Range**: Minimum and maximum price points.
- Property Type**: Single-family homes, condos, townhouses, etc.
- Home Features**: Number of bedrooms, bathrooms, square footage, yard size, and any other specific requirements (like a pool, garage, etc.).
- Time Frame**: How soon they want to move, which could affect how urgent or frequent the search updates need to be.
2. Realtor Sets Up a MLS Search
- The realtor inputs all the client’s criteria into the MLS system. MLS is a regional database that realtors use to list properties for sale, and it allows them to search for homes according to very detailed parameters.
- Realtors can refine searches using many filters, including:
- Listing Status: Active, pending, or recently sold properties.
- Days on Market: How long a property has been listed.
- Lot Size: For clients looking for specific land sizes.
- School Districts: For families who prioritize certain schools.
- HOA Fees: For those who want to avoid properties with high fees.
3. Automated Search Alerts
- Once the search criteria are saved in the system, the MLS sends automatic updates to the client via email or a portal set up by the realtor.
- Frequency of Alerts: These alerts can be sent as frequently as immediately when a new listing matching the criteria is posted, or at regular intervals like daily or weekly.
- Listings Included: Each alert includes newly listed properties, price reductions, or properties that were previously under contract and are now back on the market.
- The listings typically come with detailed descriptions, photos, and sometimes virtual tours.
4. Client Review and Feedback
- The client reviews the listings sent via email or through the online portal.
- If the client is interested in any of the properties, they notify the realtor to schedule a showing or to gather more information.
- If the client’s preferences change (e.g., they decide they want a larger yard or a higher price range), the realtor can adjust the MLS search settings accordingly.
5. Ongoing Communication
- The MLS search continues to send updates as long as the criteria remain active.
- The client and realtor can fine-tune the search as they gain a better sense of what’s available or as the client’s priorities change.
In summary, the MLS home search set up by a realtor helps buyers stay informed of properties that fit their criteria in real time, making the home-buying process more efficient and personalized. For a custom MLS home search of Homes for Sale in Central Texas, contact Allen Deaver of Asset Realty.
