Ruidoso MLS

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The Ruidoso MLS and Why We Use It

MLS stands for Multiple Listing Service. Basically, the MLS is a big property warehouse. When property is available for sale, it goes in the warehouse. When it is sold, it gets taken out of the warehouse. Since real estate cannot actually be stored in a warehouse, the MLS only contains information. So, the MLS is actually a database — an extremely convenient way to know what is available for sale at a given moment. That is why real estate brokers developed the MLS. Quick knowledge of property inventory makes brokers more productive.

The Evolving MLS
Since developing and maintaining the MLS system wasn't free, "MLS Associations," required membership, and charge each other annual dues (plus additional fees) so that they could pay for the necessary staff and materials to make it work. In the old days, an agent submitted listings to their local association and the MLS staff compiled the data on what was available for sale and what had been sold. Once a week MLS members received a book that showed all the current listings. Then in more recent times computers made it easier to create the listing books.

Lincoln, New Mexico on the Billy the Kid Byway

Finally, comes the information age -- and the Internet. Beginning in 1996, some property information from the MLS was placed on the web. It isn't as current as dialing directly into the computer, and information on the web does not contain all the properties available in the MLS. Plus, there is no national MLS or database. Information you find on the web is compiled from local and regional MLS systems, not all of which participate on the web to the same extent.

Why the MLS Works for Home Sellers
The whole MLS idea is a boon to sellers because of "supply and demand." How can you, as a seller, get access to the largest number of buyers? Placing an ad in a newspaper? Or putting your home information into a computer accessible by every MLS member who will show your property to their qualified buyers in your price range? Being placed in the MLS expands a home seller's sales force, exposes the property to a larger pool of prospective home buyers, and creates more demand for the property. The higher the demand, the more pricing power enjoyed by the homeowner — and the quicker a home will sell.

Why the MLS works for Home Buyers
It is extremely convenient, does not cost a penny to buyers, plus you get a qualified and experienced guide to help you through the complicated process of becoming a homeowner.

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Off.: (575) 257-8516 • Fax (575) 257-8524