San Diego year over year inventories down for third month in a row

[PadreBrian]

SD Realtor, thanks for the info. Yes, the seller playing games might be the ones to blame for the disappearing listings, then a few days later reappear. But, my contention is the game is too common for it to be the seller’s idea alone. There’s a wink-wink-nudge-nudge some where in there.

I’ll come up with a example how realtor.com only shows a select number of listings on a street…and not the full list.

[SD Realtor]

OC Renter can you find out what Zip Realty considers as active inventory in San Diego county. That is, what zip codes do they use? Furthermore, can you find out if all of the listings on Zip are taken from the county MLS.

Let’s say you are selling a home and ask a Zip guy to be your agent. Why would you only want your home to be on Zip and not the local MLS?

It does not make sense to me. Does it make sense to anyone here who would consider selling a home?

******

When you sign a listing agreement with a Realtor in San Diego County, most of us, I dare say all of us use the Exclusive Listing Agreement from CAR. On that agreement the MLS is discussed saying that if your home is on the MLS it will be farmed out to 3rd party providers.

The bottom line is that it makes no sense for either third party providers on the MLS to have exclusivity over listings. That is the entire goal of the IDX and the 3rd party providers.

It is my opinion that there is not some sort of conspiracy here. It is my opinion that for some reason we are not making an apples to apples comparison and with some amount of research we can find out the difference.

SD Realtor

[SD Realtor]

OC Renter can you find out what Zip Realty considers as active inventory in San Diego county. That is, what zip codes do they use? Furthermore, can you find out if all of the listings on Zip are taken from the county MLS.

Let’s say you are selling a home and ask a Zip guy to be your agent. Why would you only want your home to be on Zip and not the local MLS?

It does not make sense to me. Does it make sense to anyone here who would consider selling a home?

******

When you sign a listing agreement with a Realtor in San Diego County, most of us, I dare say all of us use the Exclusive Listing Agreement from CAR. On that agreement the MLS is discussed saying that if your home is on the MLS it will be farmed out to 3rd party providers.

The bottom line is that it makes no sense for either third party providers on the MLS to have exclusivity over listings. That is the entire goal of the IDX and the 3rd party providers.

It is my opinion that there is not some sort of conspiracy here. It is my opinion that for some reason we are not making an apples to apples comparison and with some amount of research we can find out the difference.

SD Realtor

[SD Realtor]

OC Renter can you find out what Zip Realty considers as active inventory in San Diego county. That is, what zip codes do they use? Furthermore, can you find out if all of the listings on Zip are taken from the county MLS.

Let’s say you are selling a home and ask a Zip guy to be your agent. Why would you only want your home to be on Zip and not the local MLS?

It does not make sense to me. Does it make sense to anyone here who would consider selling a home?

******

When you sign a listing agreement with a Realtor in San Diego County, most of us, I dare say all of us use the Exclusive Listing Agreement from CAR. On that agreement the MLS is discussed saying that if your home is on the MLS it will be farmed out to 3rd party providers.

The bottom line is that it makes no sense for either third party providers on the MLS to have exclusivity over listings. That is the entire goal of the IDX and the 3rd party providers.

It is my opinion that there is not some sort of conspiracy here. It is my opinion that for some reason we are not making an apples to apples comparison and with some amount of research we can find out the difference.

SD Realtor

[SD Realtor]

PadreBrian – Definitely come up with something and post it and I will look into it and we can see what happened and why it occurred.

SD Realtor

[SD Realtor]

PadreBrian – Definitely come up with something and post it and I will look into it and we can see what happened and why it occurred.

SD Realtor

[SD Realtor]

PadreBrian – Definitely come up with something and post it and I will look into it and we can see what happened and why it occurred.

SD Realtor

[bsrsharma]

lenders do not like to sell properties directly because of liability issues.

Even after clearly marking it "As Is"? 

Many were on the MLS and didn't get sold then they were pulled off.

When will they become "Motivated Sellers" and sell at whatever the market price is? Is there a general timeline of is it specific to each lender?

[bsrsharma]

lenders do not like to sell properties directly because of liability issues.

Even after clearly marking it "As Is"? 

Many were on the MLS and didn't get sold then they were pulled off.

When will they become "Motivated Sellers" and sell at whatever the market price is? Is there a general timeline of is it specific to each lender?

[bsrsharma]

lenders do not like to sell properties directly because of liability issues.

Even after clearly marking it "As Is"? 

Many were on the MLS and didn't get sold then they were pulled off.

When will they become "Motivated Sellers" and sell at whatever the market price is? Is there a general timeline of is it specific to each lender?

[SD Realtor]

Hi BSR –

There is nothing legally binding about the words “as is”. Additionally the lenders don’t want to deal with the entire transaction process, documentation etc… It all presents more work/liability for them. Even with that said, when you buy an REO property you are presented with a stack of private paperwork from the lender that is all release of liability, things like mold, termites, even general disclosure. The lender never lived there so they really cannot disclose anything about the property.

When will they become truly motivated?

The sooner the better!! I guess each lender decides for themselves when they should get off the pot.

SD Realtor

[SD Realtor]

Hi BSR –

There is nothing legally binding about the words “as is”. Additionally the lenders don’t want to deal with the entire transaction process, documentation etc… It all presents more work/liability for them. Even with that said, when you buy an REO property you are presented with a stack of private paperwork from the lender that is all release of liability, things like mold, termites, even general disclosure. The lender never lived there so they really cannot disclose anything about the property.

When will they become truly motivated?

The sooner the better!! I guess each lender decides for themselves when they should get off the pot.

SD Realtor

[SD Realtor]

Hi BSR –

There is nothing legally binding about the words “as is”. Additionally the lenders don’t want to deal with the entire transaction process, documentation etc… It all presents more work/liability for them. Even with that said, when you buy an REO property you are presented with a stack of private paperwork from the lender that is all release of liability, things like mold, termites, even general disclosure. The lender never lived there so they really cannot disclose anything about the property.

When will they become truly motivated?

The sooner the better!! I guess each lender decides for themselves when they should get off the pot.

SD Realtor

[ocrenter]

SD Realtor, zip is county based, so the listing is countywide. the discripancy between its numbers and the MLS numbers is the inclusion of land parcels for sale and MFR where as MLS just has SFR vs. Condos.

I don’t think ziprealty listings are exclusive to them and not appear on the mls, after all, I sold my condo with ziprealty and the buyer had his non-zip realtor.

when I was in OC I saw a lot more cases of “exclusive listing” say with Prudential that can not be found on ziprealty. but not so the other way around.

[SD Realtor]

OCR thanks so much for finding that out. This really helps to explain things.

Okay so now lets do a bit more analysis.

From the MLS –

Detached/Attached Homes – 19714
Land Parcels – 1851
Multi-Unit – 1027
Mobile – 668

Total – 23,260

*********

I think this goes a long way to providing an explanation to the differences as opposed to some conspiracy. Again, (for the 3rd time) sdr and Jim had indeed posted about odd events they saw on the MLS a few months back (listings not getting counted or dropping off somehow) but I think that may have been problems with the database, not a planned out effort to hide things.

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OCR I am not doubting what you saw in the OC with the Prudential listings that were not found on zip. As far as I know, there is not any way for Sandicor listings that are on the MLS down here to be shielded or removed from selected 3rd party sites. As a HUGE DISCLAIMER though, it may very well be possible as I am but a scrubbie when it comes to this stuff.

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As far as inventory numbers go, you guys know better then I but I thought in 06 we peaked out at about 23k detached/attached listings on the Sandicor MLS. Perhaps I am mistaken.

SD Realtor

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