Comments on: Slight of Hand-How long has that home been on the market? http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/ Just another realestatetomato.net weblog Mon, 13 Oct 2008 23:01:48 +0000 http://wordpress.org/?v=2.6.1 By: Cindy http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-442 Cindy Tue, 25 Mar 2008 13:27:43 +0000 http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-442 Ed-I always notify MRIS when I don't see a tax record. They do update the listing but do they ever actually go after the agents? Ed-I always notify MRIS when I don’t see a tax record. They do update the listing but do they ever actually go after the agents?

]]> By: Ed DeChristopher http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-435 Ed DeChristopher Mon, 24 Mar 2008 14:35:45 +0000 http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-435 Anyone in the MRIS system should email compliance@mris.com with any evidence of manipulation like you describe. I do it regularly and they crack down hard on those that cheat! Anyone in the MRIS system should email compliance@mris.com with any evidence of manipulation like you describe. I do it regularly and they crack down hard on those that cheat!

]]> By: Days on market is irrelevant http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-386 Days on market is irrelevant Mon, 03 Mar 2008 20:20:06 +0000 http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-386 [...] as reasoning for a low ball offer. There has been some discussion around the web recently (here and here) about listing agents withdrawing a home from the MLS and immediately re-entering it to make it [...] [...] as reasoning for a low ball offer. There has been some discussion around the web recently (here and here) about listing agents withdrawing a home from the MLS and immediately re-entering it to make it [...]

]]> By: Ponte Vedra Beach Real Estate http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-385 Ponte Vedra Beach Real Estate Mon, 03 Mar 2008 12:37:17 +0000 http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-385 Our MLS does not show Days on Market Property (DOMP). So when a buyer asks, "How long has this home been on the market?" I always have to qualify my answer, "The home has been on the market for xxx days with this Realtor but I will have to check the MLS to see if it was on the market before this listing period." I do think that if the public was going to see the Total Days on Market for the property then they should also be able to see the price history. This way the public can see if the reason the home hasn't sold so far because it was priced higher in the past. In addition, the public should be able to see the average days on the market for the neighborhood or absorbtion rate of the market so that the Total Days on the Market figure actually has meaning. Our MLS does not show Days on Market Property (DOMP).

So when a buyer asks, “How long has this home been on the market?” I always have to qualify my answer, “The home has been on the market for xxx days with this Realtor but I will have to check the MLS to see if it was on the market before this listing period.”

I do think that if the public was going to see the Total Days on Market for the property then they should also be able to see the price history. This way the public can see if the reason the home hasn’t sold so far because it was priced higher in the past.

In addition, the public should be able to see the average days on the market for the neighborhood or absorbtion rate of the market so that the Total Days on the Market figure actually has meaning.

]]> By: Pat http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-384 Pat Sat, 01 Mar 2008 21:02:45 +0000 http://varealestatetalk.com/2008/02/28/slight-of-hand-how-long-has-that-home-been-on-the-market/#comment-384 I've noticed homes that have been on the market forever but they pop up in my searches as new. Now I know why. Thanks! I’ve noticed homes that have been on the market forever but they pop up in my searches as new. Now I know why. Thanks!

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