Does the Nicaragua real estate market operate under a MLS?
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Does the Nicaragua real estate market operate under a MLS?
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No, there is no Multiple Listing System (MLS) in Nicaragua. This means that the real estate market does not operate in the same way as it does in the US or Canada. If you're from the US or Canada you probably know that a Multiple Listing Service (MLS) is a vast database of properties for sale. As a seller when you list your property with a real estate agent they'll upload it to a database and all other agents will have access to it. In effect when you list your property you're not just hiring one agent, you're putting the entire MLS to work - and that includes dozens of agents all helping to sell your property. The connection between seller and buyer is easily made. So what's different about Nicaragua? Well, instead of all agents sharing one giant database of properties, they each maintain their own private, separate database. What happens when you list a property with a local agent? Well, it will go on their private database of listings. It won't go onto a MLS type system. So unless the buyer happens to go on a viewing with that particular agent, they are unlikely to see your property. The takeaway here is that the MLS is first and foremost a marketing vehicle for listings. So if you're seller in this market, the central question you need to answer is this: How can you get your property in front of more buyers when there is no MLS? Start by visiting: http://sanjuandelsur.org/sellers-report/ You’ll find a Free Report that shows you exactly how the market works in Nicaragua and how you can use that knowledge to take strategic action to sell your property. The report also gives you a set of highly actionable steps and “uncommon tips” that you can implement right now to get your Nicaragua property sold. Discover all that here: http://sanjuandelsur.org/sellers-report/
Transcript of Does the Nicaragua real estate market operate under a MLS?
Does the Nicaragua real !estate market operate under a MLS?
SAN JUAN LIVE
NoThere is no Multiple Listing System (MLS) in Nicaragua
SAN JUAN LIVE
This means that the Nicaragua real estate market does not
operate in the same way as it does in the US or Canada.
SAN JUAN LIVE
If you are from the US or Canada you’ll probably know that the MLS is a vast
database of properties for sale.
SAN JUAN LIVE
When a seller lists their property with an agent, the agent uploads
the property to the MLS.
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Seller
Buyer
SAN JUAN LIVE
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Seller
When a seller lists their property with an agent, the agent uploads
the property to the MLS.
Buyer
SAN JUAN LIVE
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Seller
…all agents immediately have access to it.
Buyer
SAN JUAN LIVE
…all agents immediately have access to it.
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Seller Agent
Buyer
SAN JUAN LIVE
…and a connection to a buyer can easily be made.
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Seller Agent
Buyer
SAN JUAN LIVE
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Seller Agent
Buyer
…and a connection to a buyer can easily be made.
SAN JUAN LIVE
So what's different about Nicaragua?!
!
SAN JUAN LIVE
Well, instead of sharing a giant database of properties, each agent keeps their own private database.
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
SAN JUAN LIVE
Seller
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent Buyer
When you list with a local agent your property goes on their
private database of listings.
SAN JUAN LIVE
Seller
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
When you list with a local agent your property goes on their
private database of listings.
Buyer
SAN JUAN LIVE
Seller
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
So unless the buyer happens to go on a viewing with that particular agent, they
are unlikely to see your property.
Buyer
SAN JUAN LIVE
Seller
Agent
Agent
Agent
Agent
Agent
Agent
Agent
Agent
So unless the buyer happens to go on a viewing with that particular agent, they
are unlikely to see your property.
BuyerX
SAN JUAN LIVE
The takeaway is that the MLS is first and foremost a
marketing vehicle for listings.
SAN JUAN LIVE
So if you’re a seller in this market, the central question you need to answer is this:
!
SAN JUAN LIVE
How can you get your property in front of more buyers when there is no MLS?
SAN JUAN LIVE
The Critical Mistake that Stops your Nicaragua !Property from Selling
Start by visiting: !
http://sanjuandelsur.org/sellers-report/
SAN JUAN LIVE
You’ll find a Free Report that shows you exactly how the
market works in Nicaragua and how you can use that knowledge to take strategic action to sell
your property.
SAN JUAN LIVE
!
!
!
The report also gives you a set of highly actionable steps and
“uncommon tips” that you can implement right now to get your
Nicaragua property sold. !
SAN JUAN LIVE
The Critical Mistake that Stops your Nicaragua !Property from Selling
Discover all that here:!!
http://sanjuandelsur.org/sellers-report/
