Bogus Re-listing of Properties

[george]

If it’s banned they are not enforcing since I see relisted properties all the time.

For example here’s a property in RSF from a few days ago:

Listing cancelled:
http://www.sdlookup.com/MLS-081038156-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067

Re-listed same day:
http://www.sdlookup.com/MLS-080084396-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067

[urbanrealtor]

[quote=fredo4]Relisting properties doesn’t bother me. It’s just kind of pathetic.
Most people looking to buy a house can see immediately if a house is relisted because they’ve been looking at listings for a while– so it doesn’t fool anyone.
Another really obvious tactic is when you see people take the house off the market for a while and then relist it a much higher price so that they can then suddenly drop it steeply to the original listing price.
These are pretty desperate times. I don’t understand why realtors don’t advise their clients to drop their prices to below the comps in the neighborhood to give them a chance to sell. Maybe they do and their clients are just too stubborn to listen. Better to dump the house now and make a little bit of money or to cut losses then to have it stuck on the market forever.[/quote]
Amen.

You have no idea how many times I have had that very conversation.

You also would not believe how many times being that blunt cost me a listing.

These days I try to be a bit more nuanced in how I describe the situation.

[urbanrealtor]

[quote=fredo4]Relisting properties doesn’t bother me. It’s just kind of pathetic.
Most people looking to buy a house can see immediately if a house is relisted because they’ve been looking at listings for a while– so it doesn’t fool anyone.
Another really obvious tactic is when you see people take the house off the market for a while and then relist it a much higher price so that they can then suddenly drop it steeply to the original listing price.
These are pretty desperate times. I don’t understand why realtors don’t advise their clients to drop their prices to below the comps in the neighborhood to give them a chance to sell. Maybe they do and their clients are just too stubborn to listen. Better to dump the house now and make a little bit of money or to cut losses then to have it stuck on the market forever.[/quote]
Amen.

You have no idea how many times I have had that very conversation.

You also would not believe how many times being that blunt cost me a listing.

These days I try to be a bit more nuanced in how I describe the situation.

[urbanrealtor]

[quote=fredo4]Relisting properties doesn’t bother me. It’s just kind of pathetic.
Most people looking to buy a house can see immediately if a house is relisted because they’ve been looking at listings for a while– so it doesn’t fool anyone.
Another really obvious tactic is when you see people take the house off the market for a while and then relist it a much higher price so that they can then suddenly drop it steeply to the original listing price.
These are pretty desperate times. I don’t understand why realtors don’t advise their clients to drop their prices to below the comps in the neighborhood to give them a chance to sell. Maybe they do and their clients are just too stubborn to listen. Better to dump the house now and make a little bit of money or to cut losses then to have it stuck on the market forever.[/quote]
Amen.

You have no idea how many times I have had that very conversation.

You also would not believe how many times being that blunt cost me a listing.

These days I try to be a bit more nuanced in how I describe the situation.

[urbanrealtor]

[quote=fredo4]Relisting properties doesn’t bother me. It’s just kind of pathetic.
Most people looking to buy a house can see immediately if a house is relisted because they’ve been looking at listings for a while– so it doesn’t fool anyone.
Another really obvious tactic is when you see people take the house off the market for a while and then relist it a much higher price so that they can then suddenly drop it steeply to the original listing price.
These are pretty desperate times. I don’t understand why realtors don’t advise their clients to drop their prices to below the comps in the neighborhood to give them a chance to sell. Maybe they do and their clients are just too stubborn to listen. Better to dump the house now and make a little bit of money or to cut losses then to have it stuck on the market forever.[/quote]
Amen.

You have no idea how many times I have had that very conversation.

You also would not believe how many times being that blunt cost me a listing.

These days I try to be a bit more nuanced in how I describe the situation.

[urbanrealtor]

[quote=fredo4]Relisting properties doesn’t bother me. It’s just kind of pathetic.
Most people looking to buy a house can see immediately if a house is relisted because they’ve been looking at listings for a while– so it doesn’t fool anyone.
Another really obvious tactic is when you see people take the house off the market for a while and then relist it a much higher price so that they can then suddenly drop it steeply to the original listing price.
These are pretty desperate times. I don’t understand why realtors don’t advise their clients to drop their prices to below the comps in the neighborhood to give them a chance to sell. Maybe they do and their clients are just too stubborn to listen. Better to dump the house now and make a little bit of money or to cut losses then to have it stuck on the market forever.[/quote]
Amen.

You have no idea how many times I have had that very conversation.

You also would not believe how many times being that blunt cost me a listing.

These days I try to be a bit more nuanced in how I describe the situation.

[urbanrealtor]

[quote=george]If it’s banned they are not enforcing since I see relisted properties all the time.

For example here’s a property in RSF from a few days ago:

Listing cancelled:
http://www.sdlookup.com/MLS-081038156-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067

Re-listed same day:
http://www.sdlookup.com/MLS-080084396-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067%5B/quote%5D

I can’t speak to the “every day” thing but the example you gave is of one that *expired* (very different from canceling) and was subsequently re-listed. It happens because a listing agreement legally has to include an expiration date. Sometimes a seller will modify the listing agreement (to extend the time frame) and sometimes not. When a listing contract expires and a new listing is inked, those are legally required to be indicated as 2 independent listings. This would also apply if the seller hired a different agent. The change in parties to the contract means a new contract and thus a new listing.

In the case of this specific property, there was also a duplicate canceled listing for the same days as the current one. That is likely due to accidental user entry (Realtors accidentally hitting “submit” twice), or due to Sandicor’s servers erring.

Its not as though she is canceling and re-listing every 60 or 90 days to make the property appear to have activity. The property expired once after 3.5 months and again after another 7 months.

However, it would make more sense to just re-list the property at a reasonable price. Over the course of 10 months(and 3 listings), this property has come down in price only 4 percent.

[urbanrealtor]

[quote=george]If it’s banned they are not enforcing since I see relisted properties all the time.

For example here’s a property in RSF from a few days ago:

Listing cancelled:
http://www.sdlookup.com/MLS-081038156-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067

Re-listed same day:
http://www.sdlookup.com/MLS-080084396-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067%5B/quote%5D

I can’t speak to the “every day” thing but the example you gave is of one that *expired* (very different from canceling) and was subsequently re-listed. It happens because a listing agreement legally has to include an expiration date. Sometimes a seller will modify the listing agreement (to extend the time frame) and sometimes not. When a listing contract expires and a new listing is inked, those are legally required to be indicated as 2 independent listings. This would also apply if the seller hired a different agent. The change in parties to the contract means a new contract and thus a new listing.

In the case of this specific property, there was also a duplicate canceled listing for the same days as the current one. That is likely due to accidental user entry (Realtors accidentally hitting “submit” twice), or due to Sandicor’s servers erring.

Its not as though she is canceling and re-listing every 60 or 90 days to make the property appear to have activity. The property expired once after 3.5 months and again after another 7 months.

However, it would make more sense to just re-list the property at a reasonable price. Over the course of 10 months(and 3 listings), this property has come down in price only 4 percent.

[urbanrealtor]

[quote=george]If it’s banned they are not enforcing since I see relisted properties all the time.

For example here’s a property in RSF from a few days ago:

Listing cancelled:
http://www.sdlookup.com/MLS-081038156-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067

Re-listed same day:
http://www.sdlookup.com/MLS-080084396-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067%5B/quote%5D

I can’t speak to the “every day” thing but the example you gave is of one that *expired* (very different from canceling) and was subsequently re-listed. It happens because a listing agreement legally has to include an expiration date. Sometimes a seller will modify the listing agreement (to extend the time frame) and sometimes not. When a listing contract expires and a new listing is inked, those are legally required to be indicated as 2 independent listings. This would also apply if the seller hired a different agent. The change in parties to the contract means a new contract and thus a new listing.

In the case of this specific property, there was also a duplicate canceled listing for the same days as the current one. That is likely due to accidental user entry (Realtors accidentally hitting “submit” twice), or due to Sandicor’s servers erring.

Its not as though she is canceling and re-listing every 60 or 90 days to make the property appear to have activity. The property expired once after 3.5 months and again after another 7 months.

However, it would make more sense to just re-list the property at a reasonable price. Over the course of 10 months(and 3 listings), this property has come down in price only 4 percent.

[urbanrealtor]

[quote=george]If it’s banned they are not enforcing since I see relisted properties all the time.

For example here’s a property in RSF from a few days ago:

Listing cancelled:
http://www.sdlookup.com/MLS-081038156-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067

Re-listed same day:
http://www.sdlookup.com/MLS-080084396-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067%5B/quote%5D

I can’t speak to the “every day” thing but the example you gave is of one that *expired* (very different from canceling) and was subsequently re-listed. It happens because a listing agreement legally has to include an expiration date. Sometimes a seller will modify the listing agreement (to extend the time frame) and sometimes not. When a listing contract expires and a new listing is inked, those are legally required to be indicated as 2 independent listings. This would also apply if the seller hired a different agent. The change in parties to the contract means a new contract and thus a new listing.

In the case of this specific property, there was also a duplicate canceled listing for the same days as the current one. That is likely due to accidental user entry (Realtors accidentally hitting “submit” twice), or due to Sandicor’s servers erring.

Its not as though she is canceling and re-listing every 60 or 90 days to make the property appear to have activity. The property expired once after 3.5 months and again after another 7 months.

However, it would make more sense to just re-list the property at a reasonable price. Over the course of 10 months(and 3 listings), this property has come down in price only 4 percent.

[urbanrealtor]

[quote=george]If it’s banned they are not enforcing since I see relisted properties all the time.

For example here’s a property in RSF from a few days ago:

Listing cancelled:
http://www.sdlookup.com/MLS-081038156-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067

Re-listed same day:
http://www.sdlookup.com/MLS-080084396-17525_Rancho_Del_Rio_Rancho_Santa_Fe_Ca_92067%5B/quote%5D

I can’t speak to the “every day” thing but the example you gave is of one that *expired* (very different from canceling) and was subsequently re-listed. It happens because a listing agreement legally has to include an expiration date. Sometimes a seller will modify the listing agreement (to extend the time frame) and sometimes not. When a listing contract expires and a new listing is inked, those are legally required to be indicated as 2 independent listings. This would also apply if the seller hired a different agent. The change in parties to the contract means a new contract and thus a new listing.

In the case of this specific property, there was also a duplicate canceled listing for the same days as the current one. That is likely due to accidental user entry (Realtors accidentally hitting “submit” twice), or due to Sandicor’s servers erring.

Its not as though she is canceling and re-listing every 60 or 90 days to make the property appear to have activity. The property expired once after 3.5 months and again after another 7 months.

However, it would make more sense to just re-list the property at a reasonable price. Over the course of 10 months(and 3 listings), this property has come down in price only 4 percent.

[george]

urbanrealtor – Thanks for the insight to what happened. On SDLookup.com it shows the listing as “Removed from Market” (as opposed to “Expired” which would more accurate) and then as a “New Listing” (as opposed to “Renewed Listing”).

In my opinion the MLS should not reset the DOM on listings that expire and are subsequently relisted. It would provide a more accurate picture to buyers and a greater sense of transparency.

[george]

urbanrealtor – Thanks for the insight to what happened. On SDLookup.com it shows the listing as “Removed from Market” (as opposed to “Expired” which would more accurate) and then as a “New Listing” (as opposed to “Renewed Listing”).

In my opinion the MLS should not reset the DOM on listings that expire and are subsequently relisted. It would provide a more accurate picture to buyers and a greater sense of transparency.

[george]

urbanrealtor – Thanks for the insight to what happened. On SDLookup.com it shows the listing as “Removed from Market” (as opposed to “Expired” which would more accurate) and then as a “New Listing” (as opposed to “Renewed Listing”).

In my opinion the MLS should not reset the DOM on listings that expire and are subsequently relisted. It would provide a more accurate picture to buyers and a greater sense of transparency.

[george]

urbanrealtor – Thanks for the insight to what happened. On SDLookup.com it shows the listing as “Removed from Market” (as opposed to “Expired” which would more accurate) and then as a “New Listing” (as opposed to “Renewed Listing”).

In my opinion the MLS should not reset the DOM on listings that expire and are subsequently relisted. It would provide a more accurate picture to buyers and a greater sense of transparency.

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