There is NO such Thing as TOOO much Property Information

By
Real Estate Agent with Keller Williams 414-525-0563 57026-90 Broker
http://activerain.com/droplet/4ZRH

 We know that every MLS is a little bit different....and the "rules" are not universal for every market.  One of the things that our MLS has which we are guessing is fairly universal is the ability to add documents accessible to other agents.mls logo 

  recr Typically, the attachments include the real estate condition report and Lead base paint adddendum if necessary.  Are there other things that CAN  be included and are not that make a listing more complete ? 

   Absolutely.....our rule of marketing thumb is that there is NO such thing as too much information and the more that you can give a Buyer/Agent the better they "know" the property" and the more accurate your target of buyers will be who attend showings. While it is not an absolute "Lookey Loo" eliminator...it does assist the listing agent...the Selling Agent AND thehome sweet home Buyer in determining if this is the House that they will want to call their new home.  Exactly what those additional inclusions are depend on the individual home...there are no one size fits all rules for any home we are honored to list.

    Put yourself in the Buyer/Selling agent's shoes and think about what some of those helpful things might be...here is a list that may help:

  • Floor Plans
  • Home Owners Association documents
  • Landscape Plans
  • Features/Upgrades listno
  • Home Warranty
  • Survey
  • Tax bill                                      
  • Well,water, septic tests
  • Flood plain information
  • Appraisal (if recent)
  • Deed restrictions
  • Code compliance
  • Green Features
  • Leases if applicable
  • Inclusions/Exclusions   When it comes to making a decision on one of the larger investments someone will make...we don't believe there is any such thing as TOOOO much information.  We also leave an attractive binder as well as more custom brochures at each home so that the Buyer/agent is thoughtfully reminded of our listing.

       Our recent listing, Tuscan Amore in Wales Wisconsin tuscan amorewith 22 rooms in an exclusive sub division with golf course, water park, club house and many amenities demanded more explanation than the character limits and picture quotas would allow on  MLS. The house begs more explanation.This listing has 13 (we are hoping that's lucky!) attachments.

     Today we have a showing...the Buyers had reviewed ALL 13 attachments in detail and had additional questions. YES this is the result of our niche in Divorce real estate. There is no such thing as too much information on a property...and taking the extra steps to give it to the people who need it most may just mean taking that listing from "For Sale to Sold."

    If you or anyone you know is looking to sell a home in southeastern Wisconsn....the Hansons would be honored to be interviewed for the position of listing agent...with all the information required to bring the best buyer as quickly as possible.

  

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Rainmaker
440,011
Brian Rugg
Rugg Realty LLC Sun City Texas 512-966-3200 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est

Yes, of course.  It never occurred to me that someone might argue against this being a good idea, until I read Paul Harsch's comments in #21. 

Mar 04, 2017 06:21 AM #26
Rainmaker
275,018
Marti Steele Kilby, CRS
Steele Group Realty - La Mesa, CA
Broker/Owner, San Diego, CA

Interesting post!  In San Diego we do have the ability to include documents as part of the MLS listing, but generally that resource is under utilized.  If there are attachments it is most often because there is an issue with the property such as probate or it's an REO.  On the flip side, the other time we see attachments is if it is a luxury home or large property with special features such as equestrian amenities.  For the most part, I don't think we see many attachments because our inventory is so low that homes are often under contract within 2 - 5 days, even with the lamest of photos and descriptions!

Mar 04, 2017 06:48 AM #27
Rainmaker
310,790
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

It's always a good idea to include as much information as possible and your list is a great start.  Every state, region and city might have additional disclosures and requirements and of course anything that the seller has that are disclosure and material facts need to be disclosed. This includes prior inspection reports from general inspectors, termite companies, plumbing, etc.  One of our major city disclosures are a city report which details permits and this is a local requirement.  We have others as well and the list goes on and on.  Great tips

Mar 04, 2017 06:54 AM #28
Rainer
391,397
John Dotson
Preferred Properties of Highlands, Inc. - Highlands, NC - Highlands, NC
The experience to get you to the other side!

Forewarned is forearmed. Always good to have all the information out there so folks can make an informed decision.

Think I will spend the morning checking on my listings and attached docs.

Excellent post!

Mar 04, 2017 07:50 AM #29
Ambassador
3,550,949
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

The more the buyers know about the property the better, and they will certainly investigate more during the due diligence phase. We don't see a lot of attachments used in our MLS typically, although it varies.

Jeff

Mar 04, 2017 07:59 AM #39
Rainmaker
365,938
Travis "the SOLD man" Parker; Associate Broker
Team Linda Simmons, Enterprise, AL 36330 - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

hmmm - very good idea. We have a place for "Associated Doc's", so I'll start using it even more - thanks for the suggestion list!

Mar 04, 2017 08:29 AM #40
Rainer
245,830
Ron Aguilar
Continental Mortgage - Saint George, UT
Mortgage & Real Estate Advisor since 1995

When it comes to housing selection, extensive information is important to both sides.

Mar 04, 2017 08:54 AM #41
Rainmaker
78,697
Alyse "Aly" Sands
Village Real Estate Services - Nashville, TN

Agreed!  Along with the photos and disclosures I add a home feature sheet and a letter from the seller stating the features they loved when they purchased the home.  

Mar 04, 2017 10:49 AM #42
Rainmaker
1,379,304
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
your real estate writer

I so do agree with you. Give the buyers all the information they need - while keeping the sellers out of hot water for non-disclosure.

Mar 04, 2017 12:02 PM #43
Rainmaker
548,079
Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

I couldn't agree more. The more information a buyer has about a property, the more comfortable they will feel about moving forward and making an offer. 

Mar 04, 2017 12:09 PM #44
Rainmaker
347,532
Donna & Larry Johnson
Keller Williams Real Estate - West Chester, PA
Chester & Delaware County

It is always nice to add the house plans if you have them. I have found that buyers like them a lot.

Mar 04, 2017 01:40 PM #45
Rainmaker
632,698
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I include as much information as possible as attachments to our MLS published listings. Agents often don't bother to see what we've attached but at least my reply to request is "Yes, we have that for you. Look at that file on our MLS."

Mar 05, 2017 12:17 AM #46
Rainmaker
335,336
John Wiley
Right Move Real Estate Group- EXP Realty - Fort Myers, FL
Lee County, FL Real Estate GRI, SRES,GREEN,PSA

Sally K. & David L. Hanson This is great information for the Listing Agent that will benefit the Buyer Agent and the Buyer.

Our Board provides us the ability to add documents to the listing. 

We have agents who are minimalist: 1 photo (because 1 is required) minimal description and no comments in the Agent confidential section.

Our job is to serve the Consumer and I agree, that there is not a limit on the information to be provided.

Best wishes on your listing.

Mar 05, 2017 04:04 AM #47
Rainmaker
349,616
Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Just like there is no "dumb" question ... there is no limit to what we can provide with our listings because there will always be a question.

Mar 05, 2017 06:40 PM #48
Rainmaker
293,131
Melissa Jackson
Riverside Homebuilders - Sales Consultant - Springtown, TX
Your New Home Sales Consultant in Parker County

When I list a property I offer as much information as possible.  On the flipside, I like finding all the information I need to assist my buyer clients. 

Mar 05, 2017 10:33 PM #49
Rainmaker
1,449,555
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

The more information disclosed and provided the more efficient the process.

Mar 06, 2017 07:06 AM #50
Anonymous
Bill

I am a frequent reader of AR, appreciate the comments and insights, especially when real estate professionals support of the needs of consumers (sellers and buyers) making good decisions. In the spirit of "buyer be aware" transparency... what about sharing home inspection reports either obtained by the seller or even a prospective buyer whose deal fell through? What about any estimates for repairs the seller choose not to undertake?

Mar 06, 2017 09:37 AM #51
Rainer
88,745
Theo Shaw
Baird & Warner Residential Real Estate - Evanston, IL
Serving Evanston, IL & Beyond

I, too, think that giving the buy side all available valuable info is the way to go, along with a completely filled out MLS listing, so agents can search for obscure features like 'can this condo be rented?' or which direction it faces.  Even when the information is provided, you still get calls from agents asking the questions whose answers are right in front of their noses.

Mar 08, 2017 06:57 PM #52
Rainmaker
629,461
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

We also have the additional docs section for our MLS, most often property disclosures are added there but not the long list you gave. I would love being the buyers agebt on one of your properties with all of the accessible info. -Kasey

Mar 10, 2017 10:06 AM #53
Rainmaker
876,982
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Good for you for going the extra mile for your clients.  Disclosing all of these features is so important. It's important to buyers and sellers, as well as appraisers to gain as much value as possible. When you go under contract and need a green appraiser to give value for those features, feel free to give me a call and I'll assist you as that's my specialty.  Not every appraiser understands green features.  Feel free to message me for more information.  All the best to you! 

Mar 13, 2017 10:06 AM #54
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Rainmaker
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce - Short Sale
For All Things Wisconsin Real Estate...Call the Hansons
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