|
This is the multiple listing
service which agents and brokers have access to. When
a home goes on the market and is listed with an agent
information pertaining to the home, it is listed on
a shared computer system know as the MLS. It often includes
a picture. Agents and brokers have access to this system
and will be able to find homes in areas of interest
to you by using the system.
The MLS is divided up into five sections that
contain information on the property such as address,
listing price and number of rooms. The first section
(section A) contains the most important pieces of information
such as address and price. The second section (Section
B) goes into the details on number of rooms, taxes,
tax year, and school district. This section also has
information on whether someone can take over the mortgage
from the seller. The third section (Section C) has directions
information and the fourth (Section D) describes the
style of the home, example, cottage, colonial or ranch.
Last section (Section F) has contact information on
the listing agent and commission.
Much of the information in the MLS is coded or the words
are abbreviated. It is good to get familiar with these
codes and abbreviations. These codes and abbreviations
are generally universal so you will find the same codes
used everywhere you search for a home.
Some of the more common codes and abbreviations are:
- Br - Bedroom
- MBR - Master Bedroom
- BA - Bathroom
- LR - Living Room
- DR - Dining Room
- GR - Great Room
- FR - Family Room
- BSMT - Basement
- FP - Fireplace
- CA - Central Air
- FSBO - For Sale By Owner
|