One of the problems with Coming Soon is the vague timing. It's is more like Coming Soon/Some Day/Maybe/Who Knows. It's frustrating for buyers because they've been trained to want to see the hot new listings immediately before somebody else beats them to it....
The DRE has finally issued 'guidance' on the Coming Soons. Ignored are these facts about agents making off-market deals with no MLS exposure: We see top agents doing it regularly, There is no enforcement whatsoever, and You give us the forms to CYA (last paragraph)....
It's been widely accepted for years that off-market sales are part of the real estate landscape. After the (fraudulent) short sales went away, realtors needed another sexy lure to attract new clients, and rather than crafting the high demand and bidding wars...
Yesterday we heard from Gov Hutchinson, the assistant general counsel for the California Association of Realtors. He travels around the state to inform realtors of the basic changes to forms, and helps define other aspects of the business - here's a summary of what...
If sellers were feeling a sense of panic about the market - and prices - we would be seeing more new listings hit the market. Let's boil it down to one simple comparison. Are there more listings than usual coming to market? NSDCC Listings, November Year November...
More tip-toeing around the Coming Soon topic in Realtor Magazine yesterday: The surge in off-market “pocket listings”—those held off the MLS in favor of secret channels and networks between agents or within a brokerage—is a growing issue in the real estate industry....
