Maybe your seller IS "very motivated," I like to preview properties for my Clients, and I usually find the properties to preview by perusing the MLS each night. Sometimes I'll have a Client call wanting to know about a property that's on realtor.com, trulia, zillow, or any of the other out-of-touch sites and I just have to tell them that the property is not currently for sale. Fortunately, in the MLS I can also search on the address the Client gives me to find out if it is now pending, canceled, withdrawn, or sold. What would I do if the Client was driving around a neighborhood and found a "For Sale" sign stuck in the front yard? Why get the address, of course! What if the property is not in the MLS and hasn't even been offered for sale for nine years? Go see for myself to make sure my Clients had the right address! What if the subject property really does have a For Sale sign stuck in the front yard? Call the listing agent! What if the listing agent tells you it's been on the market for almost three weeks and that the seller is very motivated? Say what?????? Why are you not marketing the property if your seller is "very motivated"? Realtor.com, trulia, zillow, craiglist. Uh, you might even consider putting it in the MLS! Maybe your seller is "very motivated," but maybe YOU'RE NOT! Does your seller know? ♪♫♫♫♪ Recent blog posts:
but maybe YOU'RE NOT!
I ran into that recently. There was a sign in the yard (never heard of the realtor/or company). It was not on the MLS. I called because my clients saw it. I never did get a call back and my clients made an offer on something else.
That ranks up there to putting a listing on the system and not even bothering to put any photos up, or worse, unattractive ones to save some money and take them yourself! I think most people really do not know what their listing agents do or NOT do, on a day to day basis to market the property.
I see lots of non motivated listing agents... and then they wonder why nothing of theirs sells.
Now that would be an awkward thing for a home to be on the market for 3 weeks and no one knows about it nor can find it.
Jim -- sometimes trying to find a "listed" home is a bit like a treasure hunt. Placing the home in the incorrect area, even a wrong address, not answering a phone call, no voicemail ... it makes you wonder...
Jim,
When we were helping manage a residential office, I was always stunned when an agent did not want to look up an address when somebody called while driving around...Of course, this was in the days when a garage sold for a million dollars. Perhaps these people have sobered up by now or maybe they are working elsewhere. A
Jim,
One thing I really do not like is lazy Realtors who can not even bother to answer their phone and/ or put listings in MLS. I really do not know how some of these agents get any business. Thanks for the blog.
Thank you for commenting on my Real Estate Recovery post..
Jim,
We have clients that didn't want their listings on MLS initially. After a few months I requested they reconsider. They have and we are glad they did.
Best,
Steve
Jim ~ thanks for shining the spotlight on negligent listing agents. Have they heard of fiduciary responsibility? Or what about making money?
Jim, ISn't this called a "Pocket Listing"? In Colorado any property that is put on the market has to be entered in the MLS within 3 business days or the agent could face fines and be shut out from MLS access altogether. Weird folks out there.
Thanks to everyone for stopping by and commenting.
I’ll read through all the comments to see if any of them need a specific response. If so, I’ll respond below this comment. Otherwise, since I like to return comment for comment, I'll be by your blogs soon to do a little reading and commenting. I find that a better way to acknowledge you stopping by and commenting on my blog.
Belinda – I don’t know if it has a specific name, but I think that neither the seller nor the agent are “motivated”!
Jim--I, too, have seen a few 'lazy' agents who just have not gotten around to doing what the seller expects them to do. 'Da!' Maybe they really don't want the property to sell because then they wouldn't have anything to do . . . someday.
Jim: Can you say, Pocket Listing? Unless the agent has this on file as a "no MLS", property this could be a violation!
Comments(14)