MLS vs private networks

1 Reply

Hi, BPers, I am wondering how many of your deals are found through random search on MLS and how many are found through private networks. Since all the listings and price related information are publicly and freely available nowadays on platforms, such as Zillow, I am wondering whether building and maintaining a private network is value-added, and if so, where the value is. Any though on this is appreciated.

@Aaron Xie Hello! The best deals are the ones that aren’t advertised. The MLS, in my opinion, is simply advertising to get top dollar for a home. If you find a deal on there, it’s because the agents priced it enough to get a bidding war going. Build a network of agents, property managers, wholesalers, and even construction companies. These people will definitely come across any deals first and you want to be the person they think of immediately to refer when they have a client that wants to sell.

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