01-05-2007, 09:58 AM
9,848 posts, read
30,286,677 times
Reputation: 10516
Why do some sellers take there house off the market for a day or two after it has been on the MLS for a few months then re-list it under a new MLS number? Is it simply a marketing ploy to get it to pop up on the radar as a new listing and not have the stigma of a house that has so many days on the market? Seems like a silly ploy to me. I can see doing it if you have made some improvements to the house or are modifying the price, but I just noticed this with a house that has not been altered in anyway including price and it is still with the same RE agent. I never noticed this before in NJ. Is this common practice in NC? As an agent, are you privy to inside info to make you aware of the homes that do this so you can provide your clients interested in making an offer on such a house with all the info? That way you can advise them that a house they may be interested in has been on the market for 8 months and not only 8 days like the seller may want them to believe? Seems to me that a decent house priced right will get noticed and shouldn’t have to resort to such tactics. Is this usually frowned upon in the RE industry?
01-05-2007, 10:27 AM
Location: Raleigh, NC
653 posts, read
2,987,172 times
Reputation: 191
Quote:
Originally Posted by
North_Raleigh_Guy
Why do some sellers take there house off the market for a day or two after it has been on the MLS for a few months then re-list it under a new MLS number? Is it simply a marketing ploy to get it to pop up on the radar as a new listing and not have the stigma of a house that has so many days on the market? Seems like a silly ploy to me. I can see doing it if you have made some improvements to the house or are modifying the price, but I just noticed this with a house that has not been altered in anyway including price and it is still with the same RE agent. I never noticed this before in NJ. Is this common practice in NC? As an agent, are you privy to inside info to make you aware of the homes that do this so you can provide your clients interested in making an offer on such a house with all the info? That way you can advise them that a house they may be interested in has been on the market for 8 months and not only 8 days like the seller may want them to believe? Seems to me that a decent house priced right will get noticed and shouldn’t have to resort to such tactics. Is this usually frowned upon in the RE industry?
There are a couple reasons this could happen. The scenario you speak of does happen, but there are other more "benign" things that could happen, too. Obviously, if the listing expires and the seller chooses another agent, the listing will have a new mls#. Or, if the listing expires and the seller doesn't sign a new agreement with the realtor right away, it may get re-listed as a new house on the market.
A decent house priced right should generate interest quickly, and homes in this area, on average, have been selling in under 3 months, even this time of year. The key being "a decent house priced right". Sometimes, *gasp*, sellers don't take the listing agent's advice right off the bat.
Some think their home is beautiful with those red and blue walls (sorry, that's another thread!
) and that it is worth $25k more than every other house in their neighborhood. By the time they realize their agent was giving them good advice in the first place, the house is stale.
I don't know that it's frowned upon - a listing agent's job is to get people to notice a house on the market, and if it has gotten "stale", and gone off the market for a few days, then a new number may make it pop out again and generate new interest. Of course, listing agents know that good selling agents will search the history of the listing anyway. I know of one old listing, (not in my office), that sat and sat and sat, they dropped the price a couple times - then they painted the front door a new color and relisted it back at the higher price, and it sold within a couple weeks. imo, if you're the seller, that's a good listing agent! (The buyer's agent probably should have done more homework.)
And YES, any good buyer's agent will do an archive search of homes you are seriously considering to find out not only the length of time a house has really been on the market, but also any price changes, etc. You should also know what the seller paid for the house, how long they've lived there, and a lot of other information in order to make an informed decision about what to offer.
01-05-2007, 10:54 AM
567 posts, read
2,141,577 times
Reputation: 142
new thread
NC Homefinder,
01-05-2007, 10:58 AM
Location: Cary, NC
43,284 posts, read
77,115,925 times
Reputation: 45647
Excellent topic and series of questions, NRG!
01-05-2007, 11:23 AM
Location: Raleigh, NC
653 posts, read
2,987,172 times
Reputation: 191
Quote:
Originally Posted by
MikeJaquish
Even though we can search the archives, do all good agents search the archives for all comps, or for all the sales in a neighborhood to recalculate the DOM statistics for an area?
Good point - I'm wondering if the practice is really widespread enough to significantly alter the statistics on average days on market for the entire area. It is possible/probable that within a particular neighborhood, if homes expire and are relisted more often, the statistics would be more skewed than in one of the neighborhoods that is more desireable, in which homes really do sell that fast.
Now, every time I'm doing an archive search, I'm going to be more aware of the different mls numbers, rather than just the actual changes to the listing!I've noticed it, but not in the context of skewed data, and I want to get a feel for how often the numbers are being changed, as opposed to just the listing data.
With regard to an agent's responsibility to fully research the background of a neighborhood for a buyer or seller, I'll add one more:
How many agents research FSBO comps? Those aren't always in the mls, either.
01-05-2007, 11:30 AM
152 posts, read
622,810 times
Reputation: 72
The MLS in Florida now has a DOM and a CDOM ( cumalative days on market) which discourages owners/and or agents taking off their home and relisting it again. If you list a property and then relist it again within a six month window the MLS will show how many days the property was listed before. For example if you list a home for 30 days, take it off the MLS and then relist it a week later DOM = 1 day, CDOM = 31 days.
01-05-2007, 11:55 AM
Location: Raleigh, NC
653 posts, read
2,987,172 times
Reputation: 191
Erin1264, great idea, great thread!
diddy02, that's a great solution, especially in a softening market. Do you know what the average cumulative dom is in your area?
It would be nice to have access to that stat here.
01-05-2007, 12:38 PM
Location: in area code 919 & from 716
927 posts, read
1,459,173 times
Reputation: 458
In the S.D. I live in I think people are selling too cheap ...
01-05-2007, 02:33 PM
Location: Cary, NC
43,284 posts, read
77,115,925 times
Reputation: 45647
"Good point - I'm wondering if the practice is really widespread enough..."
02-28-2007, 12:32 PM
3 posts, read
8,350 times
Reputation: 11
Quote:
Originally Posted by
NCHomeFinder
Erin1264, great idea, great thread!
diddy02, that's a great solution, especially in a softening market. Do you know what the average cumulative dom is in your area?
It would be nice to have access to that stat here.
Hi, Is there a way to find out dom by selling price rather than actual property?
Please register City-data.com
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Mean house or condo value by units in structure - 2 ($)
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Commute - mean travel time to work (minutes)
Travel time to work - Less than 5 minutes (%)
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Travel time to work - 5 to 9 minutes (%)
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Travel time to work - 60 to 89 minutes (%)
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Occupied housing units (%)
Vacant housing units (%)
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Vacancy status - For rent (%)
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Vacancy status - Rented or sold, not occupied (%)
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Poverty status for native-born residents (%)
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Residents with income below the poverty level (%) - White
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Educational Attainment - No schooling completed (%)
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Housing units lacking complete kitchen facilities (%)
Density of houses
Urban houses (%)
Rural houses (%)
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Households with people 65 years and over (%)
Households with people 75 years and over (%)
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Households with no nonrelatives (%)
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Nonfamily households (%)
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Mean number of bedrooms in owner occupied houses
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Mean number of vehichles in owner occupied houses
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Mortgage status - with mortgage (%)
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Mortgage status - with home equity loan (%)
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Mortgage status - without a mortgage (%)
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Geographical mobility - Same house 1 year ago (%)
Geographical mobility - Moved within same county (%)
Geographical mobility - Moved from different county within same state (%)
Geographical mobility - Moved from different state (%)
Geographical mobility - Moved from abroad (%)
Place of birth - Born in state of residence (%)
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Place of birth - Native, outside of US (%)
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Housing units in structures - 1, detached (%)
Housing units in structures - 1, attached (%)
Housing units in structures - 2 (%)
Housing units in structures - 3 or 4 (%)
Housing units in structures - 5 to 9 (%)
Housing units in structures - 10 to 19 (%)
Housing units in structures - 20 to 49 (%)
Housing units in structures - 50 or more (%)
Housing units in structures - Mobile home (%)
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House/condo owner moved in on average (years ago)
Renter moved in on average (years ago)
Year householder moved into unit - Moved in 1999 to March 2000 (%)
Year householder moved into unit - Moved in 1995 to 1998 (%)
Year householder moved into unit - Moved in 1990 to 1994 (%)
Year householder moved into unit - Moved in 1980 to 1989 (%)
Year householder moved into unit - Moved in 1970 to 1979 (%)
Year householder moved into unit - Moved in 1969 or earlier (%)
Means of transportation to work - Drove car alone (%)
Means of transportation to work - Carpooled (%)
Means of transportation to work - Public transportation (%)
Means of transportation to work - Bus or trolley bus (%)
Means of transportation to work - Streetcar or trolley car (%)
Means of transportation to work - Subway or elevated (%)
Means of transportation to work - Railroad (%)
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Means of transportation to work - Taxicab (%)
Means of transportation to work - Motorcycle (%)
Means of transportation to work - Bicycle (%)
Means of transportation to work - Walked (%)
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Working at home (%)
Industry diversity
Most Common Industries - Agriculture, forestry, fishing and hunting, and mining (%)
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Most Common Industries - Mining, quarrying, and oil and gas extraction (%)
Most Common Industries - Construction (%)
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Most Common Occupations - Farming, fishing, and forestry occupations (%)
Most Common Occupations - Construction and extraction occupations (%)
Most Common Occupations - Installation, maintenance, and repair occupations (%)
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People in Group quarters - Schools, hospitals, or wards for the mentally retarded (%)
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People in Group quarters - Institutions for the deaf (%)
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People in Group quarters - Wards in general hospitals for patients who have no usual home elsewhere (%)
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People in Group quarters - Transient quarters for temporary residents (%)
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Residents speaking Spanish at home - Foreign born (%)
Residents speaking other language at home (%)
Residents speaking other language at home - Born in the United States (%)
Residents speaking other language at home - Native, born elsewhere (%)
Residents speaking other language at home - Foreign born (%)
Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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Some think their home is beautiful with those red and blue walls (sorry, that's another thread!
) and that it is worth $25k more than every other house in their neighborhood. By the time they realize their agent was giving them good advice in the first place, the house is stale. 
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