The US real estate system is set up quite differently to real estate in Australia. One of the main differences is the MLS (Multiple Listing Service) System. This is where you can find every property that is listed on the American property market. The website is free to use and you can ask your agent to set up a free subscription for you with your buying criteria so that when a property that meets your criteria comes onto the market, you will be notified.
This type of system is really useful for both sellers and purchasers for a number of reasons:
- For sellers it means that your property will be advertised around the world
- For buyers it allows you to search, in one location, for all the properties that are currently on the market
A system like this could be very advantageous for Australia, in particular it would allow past sales history to be all kept in a centralised database so the history of a particular property could be known for the next prospective buyer. It would also eliminate the problem of not being able to see all the houses that are available because you’re only searching through what is currently on a specific real estate agent’s books.