What is a broker doing when he lists and de-lists the same property many times in a 6 month period?

Dannyl
Home Buyer
91744

Answers (4)
Best answer: Kim Noonan
First to answer: Bill Eckler-…
Lynn911.com Dal...
Agent
Dallas, TX

Not knowing all particulars many issues:

a) Property owner could change their mind
b) Property owner could request home taken off market due to updates
c) Property owner could have sick member of family or medical issues
d) Listing may only have a short term for expiration up to seller relist

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Wed Oct 28 2009, 09:19
Kim Noonan
Broker
Will County, IL
BEST ANSWER

Did the property ever come off market with contract and then back up again?
Sometimes when there is a deal that fails, rather than reactivate the listing, the agent will cancel the first listing (number) and replace it as new rather than reactivated or back on market.

A common tactic employed by some agents (depending upon how the individual MLS tracks such things) even if there was never a contract on the house is to cancel the listing and put the listing back in again with a new number to shed market time and come up as a new listing. And then, as a new listing again.

Another tactic is to do teensy little price reductions so that it comes up as price reduced.

The reason? When a status changes (new price, new listing, back on market) in many auto-search and auto-programmed internet sites, it will email the listing to subscribed clients and/or agents. My guess is that the agent is trying to keep the listing in front of everyone as much as possible.

IMO, the downside to the tactic is when agents do this over and over and over again on all their listings - after awhile, the Cry Wolf syndrome attaches, and it just gets pesty and overworked. "Is that house STILL on the market? Seems like it's been around FOREVER".

Sun Oct 25 2009, 09:36
Rebecca Chambli...
Agent
Palos Verdes Estates,...

Sometimes it's just the Seller changing his/her mind or tryng to work out another solution besides selling (ie, refinancing). If it's a property you are interested in, I would just call or have your Realtor call the Broker and ask.

Sun Oct 25 2009, 08:28
Bill Eckler-Flo...
Agent
Venice, FL
FIRST ANSWER

Danny,

This is a tactic often associated with one of two possiblities...the agent may be trying to keep the number of days on the market to a minimum. This may also place the listing on report (hot sheet) that appears as "new listings" for agents to review.

OR......it could be caused by plain ole "confusion."

Sun Oct 25 2009, 06:01

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