DOM/CDOM removed from MLS

[donaldduckmoore]

The socalMLS will remove DOM info from listing. That will certainly benefit the sellers, but I think the change will adversely affect the buyers’ judgment on offering.

http://www.socalmls.com/DispArticle.cfm?ARTICLE_ID=19628&ref=patrick.net

[blue_sky]

That’s desperation, period.

[blue_sky]

That’s desperation, period.

[SD Realtor]

Actually if you think about it, one of the biggest gripes are from people who get irritated about listings that expire or cancel and then relist simply to have a lower DOM.

Wouldn’t this serve to eliminate that?

Also you can still get DOM by simply asking your agent to get a listing history report. This makes common sense even with DOM available as you can see when price changes were made, comments in fields, and ANY other changes such as if the home was in then out of escrow.

SD Realtor

[SD Realtor]

Actually if you think about it, one of the biggest gripes are from people who get irritated about listings that expire or cancel and then relist simply to have a lower DOM.

Wouldn’t this serve to eliminate that?

Also you can still get DOM by simply asking your agent to get a listing history report. This makes common sense even with DOM available as you can see when price changes were made, comments in fields, and ANY other changes such as if the home was in then out of escrow.

SD Realtor

[blue_sky]

Not according to the article itself:

“One view is that it hurts sellers, another is that it helps buyers.”

What boggles my mind is that given that buyers are scarce, why are the things that help them being removed / hidden?

[blue_sky]

Not according to the article itself:

“One view is that it hurts sellers, another is that it helps buyers.”

What boggles my mind is that given that buyers are scarce, why are the things that help them being removed / hidden?

[NotCranky]

I think this is a PR blunder. However, comps are more important than days on market IMO. You want the best deal not the house that hasn’t sold for the longest period of time. Not that I haven’t tried used days on market as leverage in buying. Everyone should still be able to try that.

[NotCranky]

I think this is a PR blunder. However, comps are more important than days on market IMO. You want the best deal not the house that hasn’t sold for the longest period of time. Not that I haven’t tried used days on market as leverage in buying. Everyone should still be able to try that.

[tangouniform]

This is the office restroom equivalent of flushing after a fart. Sure, it seems like progress but everyone else in the restroom will still be gagging on the smell.

I like looking at the slope of the inventory 1-YR MA. It’s like looking at the short/long interest.

[tangouniform]

This is the office restroom equivalent of flushing after a fart. Sure, it seems like progress but everyone else in the restroom will still be gagging on the smell.

I like looking at the slope of the inventory 1-YR MA. It’s like looking at the short/long interest.

[drunkle]

dom + number of relistings combined is useful.

what if it hasnt been relisted? knowing dom is all you have.

is it required disclosure? do used car dealers supply dom info on their stock? it’s certainly a benefit to buyers to know…

next step, deletion of past records/relists. it’s not required either, right?

[drunkle]

dom + number of relistings combined is useful.

what if it hasnt been relisted? knowing dom is all you have.

is it required disclosure? do used car dealers supply dom info on their stock? it’s certainly a benefit to buyers to know…

next step, deletion of past records/relists. it’s not required either, right?

[NotCranky]

Drunkle:
None of the DOM info or relist info constitutes required disclosures drunkle. If you feel it is important to your goals and you are working with an agent they will certainly tell you.

I think DOM are pertinent for low ball strategies. Long Dom is a red flag too. It could be possible that the house was rejected by previous buyers, so you would want to know if it had fallen out of escrow a couple of times and if so why. If it had fallen out of escrow because of material defects or title issues or anything like that those items all would neccesitate disclosure. Excessive DOM could just mean that the thing is overpriced.

What are your reasons for wanting to know DOM and relist info? I am just curious.

[NotCranky]

Drunkle:
None of the DOM info or relist info constitutes required disclosures drunkle. If you feel it is important to your goals and you are working with an agent they will certainly tell you.

I think DOM are pertinent for low ball strategies. Long Dom is a red flag too. It could be possible that the house was rejected by previous buyers, so you would want to know if it had fallen out of escrow a couple of times and if so why. If it had fallen out of escrow because of material defects or title issues or anything like that those items all would neccesitate disclosure. Excessive DOM could just mean that the thing is overpriced.

What are your reasons for wanting to know DOM and relist info? I am just curious.

[Author]

Posts