What's so great about MLS?

[Chris Luksha]

Good day all,

AS I am reading and listening to podcasts and trying to learn all I can, I keep hearing references to "Use a realtor because they have access to MLS" or "Because I have access to MLS I can..."

Is there a special backend of some kind that I am missing that makes MLS so special? I can go to my local realtor's site or to mls.com or realtor.com etc. and see a ton of info.

What is so special about this "access to MLS" that I am missing from the front end?

Just wondering why it seems like such a big deal.

Thanks all.

PS - This week I found what looks to be a really dumpy mutli-family property near a local university that I am analyzing on the BRRRR Calc to find what the best buy price would be and it would seem I could potentially make it a worthwhile purchase. It would be a heck of a rehab for my first investment as I believe it would take almost a gutting to make it work.

I will be posting soon to look for advice testing my theory on this one. I am excited.

Blessings,

Chris

[Russell Brazil]

Originally posted by @Chris Luksha:

But I wonder @Account Closed, is there hidden info or reports that only the realtor can view that is not generally available to the public on mls websites already?

 Yes. There are non public agent to agent notes. There is probably like 200 categories of information and maybe 20 to 25 of those categories gets pushes to public sites. Often property disclosures and documents are available. Information on the loan amounts and products for sold listings. Other categories of properry status such as coming soon listings, temp off market listings, withdrawn and expired listin gs, rentalk information etc.