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days on market: Why aren't the Days on Market total displayed online? - 07/09/07 03:26 PM
Why aren't the active days on market (DOM) displayed on agent/REALTOR® public and IDX websites?
Is it because, like I recently heard from a top producer, "DOM information is the one last thing that we have that the public still needs us for!"? She mentioned "It is the thing of value" that she brings to the transaction.
In our local MLS, the DOM field is available to subscribers to view but NOT printed on the most important page, the buyer profile. Buyer brokers use DOM to assist in determining how low of an offer to prepare for the seller. Seems like … (16 comments)
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days on market: Ditching "days on market" - 05/13/07 08:00 PM
Ditching "days on market"
Should the MLS remove this field from all listings?
As a listing broker, I don't think the days on market (DOM) field should be captured, published and available on each active listing. In fact, the field should be immediately removed from all types of active listings posted on the multiple listing services (MLS).
After all, shouldn't the MLS work in the best interest of you and your listing broker's client, the seller? Before buyer agency arrived, the DOM field wasn't as valuable to MLS users. All brokers and agents worked for the seller.
To some, … (15 comments)
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days on market: How much is that doggie in the window? How long has he been for sale? - 03/20/07 07:28 AM
How much is that doggie in the window? How long has he been for sale?
Why do we cage our seller in when we list their property on the MLS? Would our sellers bite us if they knew? I think they would bark if they read the listing and questioned us. I, as a REALTOR®, am tried of rolling over on this issue.
The issue that I find harmful to our sellers is displaying their confidential days on market. The role of the REALTOR® is to work to promote the best interest of their client, the seller (Article 1 of the code of … (12 comments)
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days on market: What if we remove the "Days on Market" field from all MLS listings? - 03/09/07 08:48 PM
What is the value of showing/knowing the days on market of a particular listing?
I am not sure if the days on market field should be captured and published on each listing?
I am starting to believe that the days on market field should be totally removed from all types of listings posted on the MLS, immediately.
A few of the important reasons are as follows
• Would any MLS exist without listings?
• The "L" in MLS stands for Listing.
Shouldn't the MLS work in the best interest of our client the seller?
Would there be any buyer brokers using the MLS, if there weren't listings?
• Why does the MLS … (39 comments)
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days on market: "Days on the Market" should be removed from all listing displays - 03/07/07 06:58 AM
Can any MLS exist without Listing Brokers?
Refresher: What does the acronym MLS stand for? Multiple Listing Service.
Is your MLS working for the best interest of the seller by posting the number of days the sellers property has been on the market?
Question: What came first? The chicken or the egg? I say the chicken. The chicken I speak about is the Listing Broker. The egg is what the Buyer Broker gets when they sell a listing posted on the MLS.
Would any MLS exist without Listing Brokers? I say NO!
What would happen to your MLS if there were … (5 comments)
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days on market: Days on market ... Does it really matter? - 01/04/07 09:26 PM
Days on market ... An Algebra problem?
Number 2 question from prospective buyers is ... "How long has this property been on the market?" (Number 1 question is ... "How much?")
Question for all is, do the number of days on market really matter?
Do the days on market really mean something to the buyer?
To the seller?
To the REALTOR®?
If the home is new on the market, the buyer says "Everyone starts out high. Must be over priced."
If the home has been on the market awhile, say over "X" number of days, the buyer says "No wonder it's … (10 comments)
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David Elya ABR, e-PRO, GRI, SFR - Broker Owner
Shelby Township,
MI
More about me…
BROOKVIEW REALTY
Address: Shelby Township, MI, 48315
Office Phone: (586) 991-1222
Cell Phone: (586) 286-3283
Email Me
Read the premiere Macomb County Michigan blog. David Elya is the full-time Broker Owner of BROOKVIEW REALTY in Shelby Township, Michigan. David is a licensed builder, specializing in single family, new construction, multi-family, condominium and vacant land in Macomb County, Michigan.
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