How are sales reported in the MLS?

[waitingtobuycarlsbad]

How are sales reported in the MLS?
A house in Carlsbad 92011 just closed on 504 Dew Point for $650,000 on 2/21/2008 2200 SF (which was well below the previous comp at 553 Dew Point Ave 2200 SF of $694,500 on 12/2007) but this sale was not listed as sold in the MLS.

There is strong downward price pressure in this development:

551 Dew Point Ave, 2200SF, MLS: 081007811 is pending for $690,000, is an REO and

7386 Portage Way, MLS: 071086663, 1690 SF is pending for $649,000, has a NOD.

There are two other potential “must sells” coming up with NODs in the community:
539 Anchorage Ave and 7327 Seafarer Pl

Could the real estate agents be trying to hide something? Mayby protecting the other 4 “real/non REO/non NOD” listings currently for sale in the MLS nearby?

[SD Realtor]

There is nothing wrong that I see. This home was on the MLS but it had expired on 1/21/08. The property was not relisted on the MLS.

Also, Realtors do NOT have to list homes on the MLS when they take a listing. They do have to send in an exclusion to SDAR when they do this but it is perfectly legit to do.

Personally it really does not make sense to not list a home on the MLS. However in this case the listing did expire and the seller either did not relist with a Realtor and sold it as a FSBO, or the seller did a back door deal with one of the buyers who came by to see the home and immediately after expiration the seller did the deal, OR the seller did relist but since the home went into escrow immediately it was not relisted on the MLS.

Also, agents in general do like to have statistics that show successful sales so in general I do not agree with your theory.

SD Realtor

[SD Realtor]

There is nothing wrong that I see. This home was on the MLS but it had expired on 1/21/08. The property was not relisted on the MLS.

Also, Realtors do NOT have to list homes on the MLS when they take a listing. They do have to send in an exclusion to SDAR when they do this but it is perfectly legit to do.

Personally it really does not make sense to not list a home on the MLS. However in this case the listing did expire and the seller either did not relist with a Realtor and sold it as a FSBO, or the seller did a back door deal with one of the buyers who came by to see the home and immediately after expiration the seller did the deal, OR the seller did relist but since the home went into escrow immediately it was not relisted on the MLS.

Also, agents in general do like to have statistics that show successful sales so in general I do not agree with your theory.

SD Realtor

[SD Realtor]

There is nothing wrong that I see. This home was on the MLS but it had expired on 1/21/08. The property was not relisted on the MLS.

Also, Realtors do NOT have to list homes on the MLS when they take a listing. They do have to send in an exclusion to SDAR when they do this but it is perfectly legit to do.

Personally it really does not make sense to not list a home on the MLS. However in this case the listing did expire and the seller either did not relist with a Realtor and sold it as a FSBO, or the seller did a back door deal with one of the buyers who came by to see the home and immediately after expiration the seller did the deal, OR the seller did relist but since the home went into escrow immediately it was not relisted on the MLS.

Also, agents in general do like to have statistics that show successful sales so in general I do not agree with your theory.

SD Realtor

[SD Realtor]

There is nothing wrong that I see. This home was on the MLS but it had expired on 1/21/08. The property was not relisted on the MLS.

Also, Realtors do NOT have to list homes on the MLS when they take a listing. They do have to send in an exclusion to SDAR when they do this but it is perfectly legit to do.

Personally it really does not make sense to not list a home on the MLS. However in this case the listing did expire and the seller either did not relist with a Realtor and sold it as a FSBO, or the seller did a back door deal with one of the buyers who came by to see the home and immediately after expiration the seller did the deal, OR the seller did relist but since the home went into escrow immediately it was not relisted on the MLS.

Also, agents in general do like to have statistics that show successful sales so in general I do not agree with your theory.

SD Realtor

[SD Realtor]

There is nothing wrong that I see. This home was on the MLS but it had expired on 1/21/08. The property was not relisted on the MLS.

Also, Realtors do NOT have to list homes on the MLS when they take a listing. They do have to send in an exclusion to SDAR when they do this but it is perfectly legit to do.

Personally it really does not make sense to not list a home on the MLS. However in this case the listing did expire and the seller either did not relist with a Realtor and sold it as a FSBO, or the seller did a back door deal with one of the buyers who came by to see the home and immediately after expiration the seller did the deal, OR the seller did relist but since the home went into escrow immediately it was not relisted on the MLS.

Also, agents in general do like to have statistics that show successful sales so in general I do not agree with your theory.

SD Realtor

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