Question for SD Realtor?

[SD Realtor]

heheheheh –

Well my wife is a huge believer in holding real estate… like forever… Many of her clients have holdings in real estate and they have simply never sold… just bought and lived in it and then when they move they rented it out…

My personal preference would have been to sell all of my properties in 2004 but well…it didn’t happen. Plus I would have taken a tax hit on the rentals… Still I think financially I would have been way better off… but maybe would have been relegated to sleeping on the couch…

Anyways, she lets me get away with murder on other fronts so I cannot complain.

[PerryChase]

SD Realtor, when I look in ziprealty.com I often see “see supplement.” What does that mean? And what are in supplements? Thanks.

[SD Realtor]

Perry –

When a Realtor enters a listing onto the MLS most of the data is entered via pulldowns. However there are 3 fields where we actually type text. One is the remarks, the second is the confidential remarks, the third is in the supplement section.

The remarks holds about oh… a few lines of text, perhaps 1000 characters… that is a guess by the way. However many times homes have many more features that you wish to describe. So at the bottom of the listing there is a data entry field marked supplements. This field allows for a few thousand characters.

If you had an agent email you the true MLS listings then you would see the supplemental information. Recall that online MLS providers like zip and realtor.com all get thier database from every local MLS. The MLS distills some of the information that is released, for sure the CBB, the confidential remarks, as well as a few other minor things. I don’t know if the MLS distills out the supplemental information or Zip just cuts it. I know Realtor.com doesn’t list the supplemental information either. However on Realtor.com I know that I the listing agent can go into the listing and MANUALLY paste in the supplemental information so that buyers can see it.

So as a realtor when you fill in the remarks section, if you have more features you want to discuss or present to the buyer you typically type in See Supplement at the end of the Remarks entry.

[Critter]

OK, now you gotta tell us. What kind of info is in the Confidential Remarks section? The lowest the seller will go? The fact that he/she is upside down on the mortgage? The creepy old relative in the basement that refuses to leave?

Critter

[SD Realtor]

hehehehe –

Actually the confidential remarks don’t give out much. Yeah you may disclose things like, “subject to short sale” or you may disclose things like unpermitted work. You may put in special showing instructions because you don’t want to take up precious marketing space in the remarks or supplements section. You never really say will accept 50k under list price, if that is what you are implying. However you may put in remarks like “motivated seller” or “will entertain all offers”.

Also yeah if tenants had occupied the home you may put in something like, “tenants occupying so ignore the clutter” or you can put in 10k allowance for new carpet. I have some San Carlos people who have kids who have REALLY thrashed the home so I put in a little ditty about that.

Now I am not sure how much SDAR or Sandicor scrutinizes the listings but I have seen comments in the confidential remarks that discuss CBB bonus money if the property is in escrow by a certain date.

[jennifer1234]

SD Realtor:

I am new to this board. Read through several threads and it looks like you are quite familiar with east san diego area. Are you familiar with Parasise Hill area? If so, please leave me your contact info. I have a property there that I would like to talk to a realtor ASAP.

Thanks,

Jennifer

[jennifer1234]

SD Realtor:

I am new to this board. Read through several threads and it looks like you are quite familiar with east san diego area. Are you familiar with Parasise Hill area? If so, please leave me your contact info. I have a property there that I would like to talk to a realtor ASAP.

Thanks,

Jennifer

[SD Realtor]

Sorry didn’t notice this was an old post…

[SD Realtor]

Sorry didn’t notice this was an old post…

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