Finding the perfect home for you and your family can be a long and arduous process. There are many different factors to consider before you are truly ready to decide on a home. The location of your new home, type of home, price range, and number of bedrooms and bathrooms are all important aspects of your home that will greatly affect your life – whether positively or negatively. With the surplus of homes for sale in North Kentucky, it often seems very overwhelming to try to sift through the mass amounts of real estate listings. Fortunately a system named “multiple listing services” (also referred to as “MLS”) is now commonplace among many regional real estate industries to help buyers, sellers, and brokers make the process of buying or selling a home as streamlined as possible.
The History of MLS
The origins of multiple listing services go as far back as the late 1800s, when it was common for real estate brokers to gather at local association offices to share real estate listings and information. This resulted in brokers sharing listings for homes they were trying to sell and offering compensation to any fellow real estate brokers who helped to sell any of their properties. The system’s origins were steeped in the mentality of “you scratch my back and I’ll scratch yours.” This routine of association gatherings ultimately helped buyers and sellers as well, especially as computers and the internet became commonplace. Multiple listing services, as we know them now, became digitally served and even more accessible to the average home buyer or seller. Though the concept of multiple listing services was initially created to help real estate brokers, buyers and sellers both greatly benefit from multiple listing services. Buyers benefit from a broad range of real estate options that are available for viewing regardless of your broker. Not only do multiple listing services, such as NKYMLS, grant you the freedom to choose your own real estate broker based on quality and comfort instead of mere selection, but prices are better regulated and monopolization is much less likely. Small firms are able to compete with large real estate firms, which leads to stabilized housing prices and less chance of exploitation through price hikes. Sellers also benefit from multiple listing services as their property listings experience much greater exposure, leading to quicker sales – which in turn may lead to a higher return as faster sales prevent price decay.
When searching for a new home in the North Kentucky area, the utilization of NKYMLS can be very helpful on your quest. North Kentucky’s MLS allows you to search for certain cities, towns, or other residential areas in which houses can be found. Multiple listing services also allow you to filter your search based on certain criteria. You can filter your search based on type of home (single-family home, condo/townhouse, farm, residential lots & land, or multi-family home) minimum price, maximum price, number of bedrooms and bathrooms, and whether listings include a photo of the property. After filtering your search, you can sort your results based on price (high-to-low or low-to-high), size in square feet, number of bedrooms, and age of listing. Using filters and sorting can greatly narrow your search based on your needs, which will certainly help you in your search for the home of your dreams.
If you are interested in more information on NKYMLS, please contact Cincinnati real estate agent, Gary Rossignol, at (513) 777-2402 or search for a home now.