U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-22-2017, 08:36 PM
 
2,634 posts, read 6,769,164 times
Reputation: 2444

Advertisements

We put our home on the market this past May contracted with a local agent for 6 months.
Had to take it off the market because our new build was delayed. Our agent still had the contract but the listing was not active.

Our listing expired yesterday and we started getting calls this morning from other agents inquiring about our desire to sell.
I was really surprised that we got 6 messages and 2 visits from realtors asking about our intent to sell.

Is this common?
Reply With Quote Quick reply to this message

 
Old 11-22-2017, 08:47 PM
 
Location: Nine Mile Falls/Spokane, WA
975 posts, read 4,154,055 times
Reputation: 719
Yes, unfortunately. There are a ton of "hawks" just waiting to pounce on expired listings and see if they can get listings. It's become a big problem in my area because the agents/telephone solicitors are using directory services to find numbers of family members when they can't directly reach the sellers. And many times, the seller has already made arrangements to re-list with their current agent but they don't give up. Sorry you are going through this - it makes real estate professionals look less than professional, in my opinion.
Reply With Quote Quick reply to this message
 
Old 11-22-2017, 09:13 PM
 
Location: Cary, NC
30,715 posts, read 53,726,980 times
Reputation: 29139
This is a business generation tactic that is widely taught to agents.
Reply With Quote Quick reply to this message
 
Old 11-23-2017, 07:55 AM
 
Location: Lakewood Ranch, FL
5,053 posts, read 7,387,229 times
Reputation: 5840
It would be great if ML systems would allow sellers to have their expiring listings designated as Do Not Call/Contact at the time of the expiration. I know it is promoted as a lead generation tactic but I think it "sleazes down" the industry. If my way were to be adopted, sellers would have the option of having solicitations come their way....or not.
Reply With Quote Quick reply to this message
 
Old 11-23-2017, 08:00 AM
 
Location: Cary, NC
30,715 posts, read 53,726,980 times
Reputation: 29139
Quote:
Originally Posted by bbronston View Post
It would be great if ML systems would allow sellers to have their expiring listings designated as Do Not Call/Contact at the time of the expiration. I know it is promoted as a lead generation tactic but I think it "sleazes down" the industry. If my way were to be adopted, sellers would have the option of having solicitations come their way....or not.
Agreed.
Some agents will add into Agent Remarks that the client has requested no calls.

It is just another brand of telemarketing, which ethical industry leadership should be trying to discourage.
Reply With Quote Quick reply to this message
 
Old 11-23-2017, 09:18 AM
 
349 posts, read 114,171 times
Reputation: 155
Quote:
Originally Posted by bbronston View Post
It would be great if ML systems would allow sellers to have their expiring listings designated as Do Not Call/Contact at the time of the expiration. I know it is promoted as a lead generation tactic but I think it "sleazes down" the industry. If my way were to be adopted, sellers would have the option of having solicitations come their way....or not.
This is a really good idea. Perhaps there could also be penalties or malpractice suites against agents who act in non-accordance with the designated Do Not Call listings.

Your suggestion should be viewed by state RE boards and commissioners IMO.

I too am tired of these kinds of vulture tactics ruining the good name of our industry, when it can be avoided if wished.

Perhaps some of the agents in here could become involved in presenting bb's proposal for Board review? I'd be happy to chime in my two cents if the Boards were willing to listen.

Happy Thanksgiving too btw everyone!
Reply With Quote Quick reply to this message
 
Old 11-23-2017, 11:13 AM
 
Location: Central Texas
19,450 posts, read 35,618,182 times
Reputation: 19892
Quote:
Originally Posted by MikeJaquish View Post
Agreed.
Some agents will add into Agent Remarks that the client has requested no calls.

It is just another brand of telemarketing, which ethical industry leadership should be trying to discourage.
And putting anything in Agent Remarks won't work because they are using software programs that have scraped the seller name/phone number and they don't even look at the expired listing.
Reply With Quote Quick reply to this message
 
Old 11-23-2017, 11:18 AM
 
Location: Cary, NC
30,715 posts, read 53,726,980 times
Reputation: 29139
Quote:
Originally Posted by TexasHorseLady View Post
And putting anything in Agent Remarks won't work because they are using software programs that have scraped the seller name/phone number and they don't even look at the expired listing.
Agreed.
It only deters people like me who would thoroughly scan an expired listing for information prior to any action.
Reply With Quote Quick reply to this message
 
Old 11-23-2017, 11:39 AM
 
Location: Rochester, WA
3,210 posts, read 1,646,809 times
Reputation: 8571
One thing agents can do to protect their clients from these calls is to remove the client's contact information and phone number from the MLS before it expires or is cancelled.

This has cut down on most of the calls for clients of ours who have pulled their listing for whatever reason.

In our MLS it takes a special form with the client signature to remove the client contact information like this legally. To take it out without signature breaks MLS rules. Most clients will happily sign it. Most clients do NOT want these calls.
Reply With Quote Quick reply to this message
 
Old 11-23-2017, 11:43 AM
 
1,810 posts, read 898,428 times
Reputation: 3758
I usually get a bit nasty when this kind of thing happens and ask the realtor how many times he showed the property during the initial listing, if he is so interested in it now.

Of course, they just want the listing, which means they get something whether or not they are the agent who sells.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top