What Is The MLS?

What is the MLS?

What is the MLS? The Multiple Listing Service is a system that places all homes for sale (listed through Realtors or real estate agents) into a database, which can be searched by licensed real estate agents/Realtors. Usually the first step for us to figure out what type of home you are looking for is for you to tell us a little about what type of home you are searching for. After we determine exactly what style home you are looking to purchase, we will begin emailing you all the active MLS listings in your selected areas. Unfortunately, all homes for sale located in our field of practice are not listed on the REIN MLS System. For Sale By Owner’s (FSBO’s) choose to try and sell their homes without the assistance of a real estate professional and therefore are not included in the MLS system. However, we do have access to help you with the FSBO listings as well.

At Virginia Beach Estates, we allow you access to the entire MLS system, WITHOUT HAVING TO SUBMIT YOUR INFORMATION FIRST. If you weren’t familiar with our website, why would we ask you to submit your contact information? Take the time to get to know our services and if you feel comfortable with us, go ahead and set up an account to track new listings as soon as they get listed on the Multiple Listing Service.

You will need to be in the process of locating a lender and obtaining a pre-approval letter while we are emailing homes to you. We cannot show you any homes until you have been pre-approved for a loan amount you feel comfortable with. We ask you to accomplish this first because we do not get paid to show homes to you and we want you to know the amount of home you can afford before you start your search.

Through most lenders, you will be able to obtain a pre-approval letter within one or two business days. Many times with our lenders, we will receive your pre-approval letter via fax immediately after the lender is finished talking with you.

After this is taken care of, we can begin showing listings anywhere in Hampton Roads to you. We can help you (represent/advise) purchase any listing for sale in the State of Virginia and North Carolina as well. Typically, we will send you new listings as soon as they enter the MLS via email and then you should select between four and six MLS listings that you would be interested in viewing. Once you fall in love with a specific home, we will have to begin writing up the offer to purchase. The offer to purchase will be further explained in the Home Buying Process and “Contract” sections of Virginia Beach Estates.