Revision as of 09:41, 9 April 2023 by 154.13.102.100 (talk) (Created page with "It's a great question to be asking in modern times with technology making our lives more empowered and efficient. Back when travel agents existed, that they had a monopoly on...")(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)It's a great question to be asking in modern times with technology making our lives more empowered and efficient. Back when travel agents existed, that they had a monopoly on the process of finding hotels, booking airline tickets, car rentals, etc. This monopoly existed since they had technology the consumer did not have and therefore added value to the procedure of booking travel.Along comes Travelocity which provided exactly the same technology travel agents had to consumers and the bye bye travel agent. Pick any shopping experience (travel, real estate, etc.) and the consumer will think they are able to do a better job compared to the professionals (travel agents, realtors, etc.) That is why such websites as Travelocity.com, Realtor.com, Zillow.com, etc are so popular.In real estate, there's one technology the Realtors are trying to hang on to its monopoly status and that is the MLS, that is a database of homes listed on the market. Perhaps a more appropriately name would be a Sellers Listing Service (SLS). The MLS is bound by only showing those homes for sale that the owners have hired a real estate agent to input their home to their database. To generalize the nation, the inventory in the MLS is about 5% of the full total inventory in any given neighborhood. Which means this MLS technology is actually limiting the house shopper to an extremely small collection of homes in any given neighborhood.Up until now, a home buyer was limited to what their Realtors could find in the MLS on the market, or what the buyer may find by searching on Zillow.com, Realtor.com, etc. A Buyers Listing Service (BLS) enables the house buyer to let everyone in a nearby know what kind of home they want to purchase. When a home buyer (or perhaps a Realtor acting on their behalf), selects a neighborhood and post their wish list in a home they would like to buy, both home owners and real estate agents representing sellers will dsicover this buyers listing and contact them should they want to sell them their home. Having access to a Buyers Listing Service makes finding a home to get just got a lot easier. Buyers Listing Services are absolve to the consumer exactly like Travelocity.com is absolve to use.So will this lead to the extinction of realtors? Most likely not, realtors still add value to the home buying process even if the consumer finds the home by themselves. Once a house buyer connects with the seller of a matching home a real estate agent can still add value to the process in ensuring all proper disclosures, inspections, title transfer, escrow funding, etc. is completed correctly. Those are steps neither the sellers listing services or the buyers listing service can provide.The BestBLS.com covers over 130,000 neighborhoods in all 50 states and the District of Columbia, is FREE to use by consumers and real estate agents acting on behalf of home buyers and home sellers. Your dream home is out there, ask for it. Click Best Buyers Listing Service