The MLS® system gives unmatched exposure to properties for sale. Simply, if you're selling your home, a listing on MLS® will be shared with the broadest distribution possible. On the other side, if you're buying a home, MLS® also has you covered with access to the largest pool of homes to choose from.
This service allows you to list your home on multiple sites online, increasing the chance that a potential buyer will see it. However, as of 2024, only real estate agents are able to list homes on an MLS. You may be interested in a For Sale By Owner (FSBO) sale.
You're not required to hire a real estate agent to sell your home in California. But selling without one involves a lot of work and a big time commitment. While selling by owner spares you from paying the commission of a seller's agent, you'll still be responsible for the buyer's agent's commission.
Yes, you are legally allowed to list, market and sell your home in California without being required to hire a Realtor, agent or broker. But keep in mind that doing so is quite a lot of work.
You're not required to work with an agent. There is no law that says California home buyers must be represented by a real estate professional. Many buyers choose to navigate the process on their own, and for a variety of reasons.
You do not have to report the sale of your home if all of the following apply: Your gain from the sale was less than $250,000. You have not used the exclusion in the last 2 years. You owned and occupied the home for at least 2 years.
In California's dynamic real estate market, the listing agreement stands as a cornerstone for home sellers, ensuring a seamless and legally sound transaction. This formal contract between a property owner and a real estate broker authorizes the broker to represent the seller in marketing and selling the property.
The obvious first reason is that they know the area. Not just from the perspective of someone who has worked there or sold some houses there. A local realtor will know the businesses in the area as well as the schools. They will know the best dog parks and the special places where the locals like to hang out.
Local lenders typically are easier to work with and are more available by phone. The big box brokerages typically have a call center and it can cause issues especially if you're in a competitive market.
Agents operating in your local neighbourhood have a wealth of knowledge when it comes to data like recent sales for comparable homes within your specific area, market trends and property values. This is invaluable when buying or selling.