Have you ever been on Google, searching 'Calgary Real Estate' and noticed the suggestion "Calgary Real Estate MLS" and wondered what MLS® meant? You're not alone!
MLS®? If you're not familiar with the term, you're not alone! Recently we hosted a seminar for first time home buyers in Calgary and one of the first questions asked was "What does MLS® stand for / mean, and why do I always keep hearing it" which is a great question, and a great reminder to always be mindful of your audience. When you're in any industry, acronyms and industry terms become common lingo without the thought that consumers and individuals, who are not in the industry, may be unfamiliar with those terms.
The very short answer is that MLS® represents the term Multiple Listing Service® or Multiple Listing System®. This was a system developed and implemented by REALTORS® many decades ago where the primary focus was to develop a system to centralize listings and provide a platform for home buyers in the public to purchase and sell homes. The MLS® system is a representation of REALTORS® innovating their industry, and represents cooperation among REALTORS®, which is a anomaly in the sales industry, typically systems like this are developed privately and are used as proprietary systems to drive business directly to your company. Think of the automotive industry, if a consumer wants to buy a particular vehicle, they have to typically visit a dealership that sells that particular vehicle, and if they work with a salesperson it's only for that dealership. If the automotive industry had a similar concept to the MLS® a consumer would meet with one respected/trusted salesperson, and you could learn / purchase any car on their lot, as well as any vehicle on other lots from other dealerships!
How Does MLS® Benefit Calgary Home Sellers?
When listing your property with a Calgary Real Estate Agent who uses the this means you are maximizing the exposure for your property, if you list with a firm / real estate agent who doesn't utilize the MLS® system, your home could be missed by a majority of potential buyers. Without an MLS® system, you'd have many competing firms, with different sets of inventory, and agents with home buyers would have to run through each system to review inventory to match their clients needs, this would inevitably leave homes missed/unseen.
Quite simply, having an MLS® system in Calgary allows real estate teams (like ourselves) to provide a platform (through our Brokerage / MLS® provider the Calgary Real Estate Board) for home buyers to browse listings of sellers across southern Alberta, as well as enhanced features like setting your favourites, reviewing in depth details, making notes, etc on homes they want to buy & see.
How Does MLS® Benefit Calgary Home Buyers?
Now that you know what the MLS® system means / does, it's easy to see how this system is perfect for Calgary home buyers looking to purchase, providing a huge inventory of homes for sale, with full details, professional measurements, photos, etc.
How do we put the MLS® system for you as a home buyer? You can simply have a quick consultation with one of our professional real estate advisors, letting them know your needs, wants, and things you don't desire, from there, they will setup a customized search which filters the thousands of listings down to a more manageable results (depending on your search criteria) displaying listings from other brokerages throughout the city, making the journey of finding you your dream home a reality!
The MLS® system in Calgary also provides many other details that add incredible value for their buyers, including sold data / sales history of a property, and historic details / descriptions of the property. On a unified system that is monitored and regulated for accuracy, creating a system that benefits both buyers and sellers!
In Calgary, is there a better system then the MLS®?
That's debatable for sure, but on our site (REPYYC.COM) we offer an enhanced version of the MLS® system by allowing unique off market properties, and Calgary (plus surrounding areas) FSBO's (For Sale By Owners) to list their homes within our site! This results in a more robust offering to Calgary real estate buyers and sellers!
What other benefits are there to your MLS® system on this website?
Through our platform partnership, we're able to provide dynamic search results for our clients, from our quick quadrant searches:
Search Calgary Real Estate
or Quick searches including
Featured Calgary Real Estate Quick Searches
listings, displaying Bungalows only, priced $500,000 to $650,000 in Calgary.
- 2 Beds
- 1 Baths
- 781 SqFt
- 2 Beds
- 1 Baths
- 861 SqFt