The Journal touched on pocket listings yesterday - excerpts: Real-estate agents are selling more homes to select customers while bypassing the public market, a move that squeezes supply tighter for many buyers when inventory is already near record lows. In the vast...
The home-selling business is known for being the Wild, Wild West. There are a few rules and ethics filed away in a drawer somewhere but there is no enforcement unless you do something really bad, like this guy - who only lost his real estate license a couple of months...
Just when we thought there was a set policy on Coming Soon listings, they change it again. The IDX is the agreement among realtors to share each others' listings on our own personal websites, which was a great idea before search portals. But IDX was written off as a...
Our MLS has been publishing the Coming Soon listings for almost two months now, and agents are using the feature. The list above has 17 out of 59 (27%) of the new listings marked as Coming Soon - the most I've seen in one day. They show up as a 'new listing' on the...
The new Coming Soon feature in our MLS has been available since Tuesday. Since then, there have been 32 new listings of houses between La Jolla and Carlsbad. Eight of the 32 have been inputted as Coming Soon (not active listings). The common reason for having Coming...
Yesterday, we closed our fourth off-market buyer sale of the year (Richard, 1 and Jim, 3). Here's how they happened: Reaching out to other agents working the neighborhood. Saw one in the Compass Coming Soon section (which was public). Saw one on Zillow as a Coming...
Our MLS is going to provide a Coming Soon feature, which will fluster the agents who say that the Coming Soons build anticipation (like a movie trailer) and test pricing, but who then use the concept to circumvent the MLS and instead advertise directly to the consumer...
It has never been made clear to realtors why the Clear Cooperation policy is needed in the first place - or agents didn't understand or agree with its purpose. The new way to get around the rule is for agents to advertise their coming-soon listings with no address -...
The new N.A.R Clear Cooperation Policy takes effect on May 1st. Next Monday, the CRMLS will begin a Coming-Soon category in the MLS for agents only. The listings can only be in the coming-soon category for 21 days, and no showings are allowed. But the feature won't be...
Wells Fargo is 'suspending' their jumbo-loan funding of all correspondents today, and the others (like Chase) are sure to follow. It's one thing to stop funding loans for mortgage brokers, but to shut down the credit lines to the big players like Loan Depot, Quicken,...
