I have just been through the process, closing on a pre-owned home in Woodbury on 6/30/10. Besides the obvious differences like MLS and VLS realtors cannot show each other's listings, I worked with an MLS realtor that was a "buyer agent". My MLS realtor could recommend an asking price. She was not representing the seller (unless the listing is hers). The VLS realtor worked for the seller. It wasn't a big deal. But I was careful in talking to the VLS realtor about my offer. I did buy a VLS listed property. I found both the VLS and MLS realtors to be very professional. PM me if you want their names.
|