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A house that was on the market for a year under an mls number has the priced reduced. The house is relisted with the reduced price and a new mls number. ALL real estate websites listing this house suddenly have amnesia and are saying the house has been listed since the reduced price date not the old date. Considering I was in the house the month before the new date and know it was listed for a year at that time, no one is pulling the wool over my eyes.
A house that was on the market for a year under an mls number has the priced reduced. The house is relisted with the reduced price and a new mls number. ALL real estate websites listing this house suddenly have amnesia and are saying the house has been listed since the reduced price date not the old date. Considering I was in the house the month before the new date and know it was listed for a year at that time, no one is pulling the wool over my eyes.
How do they get away with this?
It depends on the MLS system. Here we have a history button that shows all the price drops, offers, and change of listing agents. There isn't anything to get away with. With one click a buyer agent knows the entire MLS history of the property.
I assume they changed to a new listing agent. Here the days on the market starts with zero with a new listing agent, but you can still see the old listings.
What do you think they are getting away with here?
It depends on the MLS system. Here we have a history button that shows all the price drops, offers, and change of listing agents. There isn't anything to get away with. With one click a buyer agent knows the entire MLS history of the property.
I assume they changed to a new listing agent. Here the days on the market starts with zero with a new listing agent, but you can still see the old listings.
What do you think they are getting away with here?
First, I want to apologize to the OP. I thought I posted this in a thread of its own before I ran off for an appointment. I had to do a search to find it.
They did change to a new listing agent but all references to how long the house has been on the market have been wiped out on every site where the house is listed. A buyer would not know the house has been kicking around for more than a year and might not offer a lower price. Because I have been following this house, I know it has been around for awhile but I wonder what "new" listings I think I'm looking at with other houses that aren't really new listings.
Sometimes it's still possible to find the old listings by Googling the street address. I even found one old listing from November 2011 (on a home still for sale) by going to YouTube and discovering that the old virtual tour was still there. Here in NY, most homes advertised in the NY Times carry a listing and pricing history that really gives the buyers some good insight, although when people change brokers, the old information often disappears.
First, I want to apologize to the OP. I thought I posted this in a thread of its own before I ran off for an appointment. I had to do a search to find it.
They did change to a new listing agent but all references to how long the house has been on the market have been wiped out on every site where the house is listed. A buyer would not know the house has been kicking around for more than a year and might not offer a lower price. Because I have been following this house, I know it has been around for awhile but I wonder what "new" listings I think I'm looking at with other houses that aren't really new listings.
It depends on the real estate website. Some (many?) may not pick up the listing history info from the MLS, and just assume it's a new listing. But the MLS will always have the history that agents can see. Buyers working with an agent should be able to get that info from their agent before making an offer.
First, I want to apologize to the OP. I thought I posted this in a thread of its own before I ran off for an appointment. I had to do a search to find it.
They did change to a new listing agent but all references to how long the house has been on the market have been wiped out on every site where the house is listed. A buyer would not know the house has been kicking around for more than a year and might not offer a lower price. Because I have been following this house, I know it has been around for awhile but I wonder what "new" listings I think I'm looking at with other houses that aren't really new listings.
Zillow, Trulia and Redfin all post listing history regardless of agent change. Buyers can see it there, or they can just ask their buyer agent. If a buyer isn't working with a buyer agent then they need to do their own due diligence. Information is out there and easily obtained. If a buyer goes sans agent and doesn't do their own research then they need to take responsibility for that.
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