Are you a real estate investor in Utah who struggles to find properties that are not listed on the most popular websites?
You may be tempted to try looking for off-market properties on MLS. There are usually a lot more choices available from Utah MLS listings, and the chances of getting a bargain are even bigger.
Table of Contents
- What Is an MLS?
- Why Do Investors Need MLS Access?
- Are MLS Listings Worth It?
- Is It Possible to Access an MLS Without A Realtor?
- 3 Ways to Access an MLS Database in Utah
- How to Utilize MLS Listing Information?
- Real Estate in Utah Made Easy
Utah MLS is a private database that can only be accessed by licensed real estate agents and brokers. The idea behind such a database is that it’s developed and maintained by real estate professionals and is separate from publicly available databases. It allows those with access to it to have an advantage as they can work with properties not available elsewhere.
Usually, it’s not too realistic for a buyer to expect to access the MLS Utah listings without a realtor. However, there are still options out there.
In this article, we’ll try to show you all the ways possible to buy investment properties from Utah MLS listings without too much fuss. This article can even be helpful if you are currently working as a realtor.
What Is an MLS?
In order to master something, it’s really important to start from the basics.
What exactly is MLS? The MLS (Multiple Listing Service) is a private online database where agents can collaborate with brokers on listings at different levels. Private means that it’s not available to anyone like Craigslist is. You need to be a part of the inner circle or at the very least be a licensed realtor and pay monthly fees. It makes MLS the best place to buy rental property.
About 700 MLSs can be found throughout the country and can be nationwide or very local. The MLS contains listings that cannot be found on publicly available platforms. Not only that, MLS databases often are way more informative than their counterparts and provide plenty of data that is crucial for real estate agents.
MLS listings Utah include precise descriptions of properties for sale together with any property access or private information that needs to be shared between brokers in the state. All the information you might need about properties for sale is there and constantly updated, giving you access to new Utah MLS listings.
The MLS gives real estate brokers the ability to invite other brokers or agents into their sales. But nothing comes for free. Usually, MLS are available for licensed brokers only and command a high price of entry.
Why Do Investors Need MLS Access?
It’s hard to make good decisions based solely on your gut feeling. Gut feeling is important, but it’s much stronger when it is based on objective information on the matter. In case you’re planning on buying any type of property, getting access to the Utah MLS listings is the best way to get accurate and fresh information on all properties for sale around you.
The market, more exactly real estate one, is a competitive place. If you don’t see a property first or if you don’t make the connection to the owner first, you’re going to miss out on a bargain. Having a source of information on the real estate market like the MLS is crucial for finding the newest listings in your area, as well as price updates, and much more. With MLS access, realtors and investors effectively compete for a different set of properties that are available on real estate websites.
There are multiple ways of getting access to an MLS, and you still can see listings from these types of systems in Utah, even if you’re not a realtor. Getting access through websites like Mashvisor includes other benefits as well, ranging from rental property calculator to handy search filters.
Are MLS Listings Worth It?
You might hesitate whether Utah home listings on MLS are actually worth it. But they do provide quite a lot of benefits. Among the most prominent ones is the ability to get a variety of listings. Finding a property that fits all your investment goals becomes a whole lot easier. You can be sure to find anything there, from a duplex for sale to vacation rental properties. The Utah real estate listings MLS always let you get the best deals.
Selling or renting your investment property also becomes quicker and safer. As traffic and traction are really vital in such a business, you should get as much as possible on your listing. You’ll be surprised how quickly things go and how easy it is to pick the best deal. Hundreds of interested real estate agents around Utah will see your listings, so it’s an absolute win-win situation.
Finally, one of the most crucial advantages that an MLS gives you is accurate and reliable data on real estate property. The trustworthy database from licensed real estate brokers and investors makes it the best place to buy a rental property. It provides only up-to-date information, which gives excellent insight into the actual state of things.
Without any doubt, the Utah MLS listings database remains one of the most convenient and effective ways to find opportunities for and conduct real estate deals. On top of that, the most reliable sites are usually connected to the MLSs and take their data from there. Still, being able to directly use all of the benefits the MLSs provide is much faster and more enjoyable than looking for countless ways around.
Is It Possible to Access an MLS Without A Realtor?
Regardless of whether you want to buy or sell property, you cannot access any home listings MLS in Utah personally. Unless you’re a real estate agent, that is. You can opt to find a realtor or hire a flat-fee MLS listing service that will list your property for a fee.
If you want to sell your property on your own, without any additional help, it is known as FSBO or for sale by the owner. Using a flat-fee MLS service is a convenient commission-free way of listing your property for agents who are basically representing potential buyers. But it doesn’t let you find properties on the MLS.
In case you want to access MLS as an investor, not a seller, it’s going to be a bit more difficult. As stated above, you cannot access an MLS directly unless you’re an agent with access. However, there are ways to do so indirectly.
3 Ways to Access an MLS Database in Utah
Here are three ways to gain access to a Utah MLS database:
1. Hire a Utah-based Real Estate Agent
One of the best and easiest ways to acquire access to active Utah MLS listings is by means of cooperation. Find a reliable Utah real estate agent and give it a go. As stated above, MLS access is restricted to licensed agents and brokers only, so this option is one of the most dependable ways to get MLS access fast.
To make it even more convenient, the agent that you are working with can set up a personalized private client access portal for you to view the local MLS by yourself. It’s an excellent option that doesn’t require you to make any unnecessary steps. You will even be able to set notifications when a new property is listed that meets your preferences.
2. Find an Open MLS Database
Another good way to view active MLS catalogs is by using a public MLS database.
Certain local and regional MLS providers allow you to access their MLS listings even if you aren’t connected with any local real estate agent yet. In case you’re looking in another region or state, check if any local MLS providers near you have public listings available.
3. Find MLS Listings on Mashvisor
Some things are so easy to get used to that you can’t imagine how you lived before discovering them. That’s the case with Mashvisor. Among all the platforms that gather access directly from the MLS database, Mashvisor is one of the most trustworthy websites. Apart from providing you with new listings in your area, it also works as a real estate deal analytics tool. As an investor, you might find the other tools really useful. But what exactly is Mashvisor? Here’s a quick guide that goes through all the basics.
A Database Company
Mashvisor is a real estate data analytics company. Many use it as a simple real estate listing site, but it offers more potential and features. The data presented on the site are either taken directly from the Utah MLS, Airbnb, or another real estate website.
Mashvisor doesn’t just provide listings; it offers real estate comps. From the average price to estimating a good cash on cash return, everything is based on data available on both public and private platforms. All you need to do is sign up and pay the fee to conveniently access Utah MLS listings through Mashvisor.
Next-Level Property Searches
The property listing feature is available to all users. And the feature is actually great. It makes the whole process faster and less stressful, but Mashvisor has advanced it even further; meet its heatmap tool.
Mashvisor’s Heatmap tool color-codes the neighborhoods in the city you search in to show you real estate hotspots in your area. You can easily adjust search filters, so that the tool can show you which Utah areas offer the most lucrative deals. Anything you need is accessible in just a few clicks – from places with the highest rental value to the lowest investment price in the city.
The general idea is that Mashvisor takes the raw information provided by the MLS and offers a refined, more complete listing back to its users. It is priceless for the initial steps of real estate investment.
How to Utilize MLS Listing Information?
With accurate information from the MLS and powerful tools, Mashvisor gives its users the ability to utilize the information to get the best real estate deal. Refine all your calculations without any effort. The much unwanted and fairly time-consuming process turns into a quick one, providing you with quality data by the end.
With Mashvisor taking data from MLSs and Airbnb directly, you can also figure out the potential performance of any property with any real estate strategy. Below, you’ll find all the key features that make Mashvisor so convenient.
Real Estate Comparisons
As Mashvisor provides its users with real estate comps, they can easily see how lucrative a deal is as compared to other listings. The feature creates a rental analysis of the local market based on several data points, such as:
- Property Location
- Sale Price
- Number of Rooms and Amenities
- Sale Time Frame
- Potential Rental Income By Strategy
- Walk Score
With such detailed data on each property, any investor can see which one would perform better compared to the other. It also pulls the information from Airbnb, which also makes Mashvisor quite special. The end result will show you a comparison of the performance of a traditional rental listing property from the Utah MLS and a short-term rental from Airbnb.
To set the record straight, not only will Mashvisor give you access to the MLS, but it will also make an important comparison of the different listings on the site.
Mashvisor’s Rental Comps feature provides a comparison of the performance of a traditional rental property or a short-term rental from Airbnb in relation to similar properties in a particular neighborhood.
Rental Property Calculator
The calculator is an extremely necessary feature. Along with the rental comps rental estimate, Mashvisor provides a tool that can calculate the cost of rent you should charge for an investment property. To estimate it, Mashvisor takes several listings from the MLS and analyzes the rental price of similar properties. So simple, yet so handy. Furthermore, to give you an even more accurate rental price estimate, the platform will also calculate your mortgage estimates, HOA dues, taxes, and repair costs.
Basically, using the average rental prices of the area, a Mashvisor property calculator first gathers information from the MLS. The next step is to take into account the investor’s expenses and further refine its calculations.
Real Estate in Utah Made Easy
For any investor, gaining access to Utah MLS listings is absolutely essential in order to make the best real estate deals. Despite the process of accessing the MLS might seem complicated and unclear, the good thing is that websites like Mashvisor exist and are ready to help their users. Access Utah MLS listings in no time, and be sure to use all the professional features to get the best results.
A wide set of actually useful tools combined with the access to Utah MLS listings information makes Mashvisor a must-have for any beginner and even pro-investor. Whether you need to rent or sell, or perhaps you’re still carefully planning out your next steps, Mashvisor will help you improve the outcome and get a real profit from the operations. Don’t miss out on great technologies trying to do everything manually. Remember, progress is the key.
To get access to Mashvisor’s tools, sign up today.