An MLS thing that bothers people
There are a variety of great interfaces for the MLS available to the public. In the 21st century, it was inevitable that agents would not be the only way to see the list of properties for sale. Years ago, the lid blew off the MLS that was only in the hands of the subscription-holders.
Most of my clients “web-around” to other sites to look at images of properties for sale. To answer the question posed last week, it does not create procuring cause problems. Everyone is looking at on-line data if they have half a brain in their head, or more.
However, my clients who are using other sites frequently come back to me with questions about what happened to property that “disappeared.” Pubic interfaces are good with properties that are for sale. Some are good with sold statistics, but few are good with non-active listed properties.
Here is the way it is supposed to work:
Properties that have ACT in red have an Offer accepted, but there are still contingencies. Some sellers want to show their houses right up to closing day, in case something goes wrong.
Properties marked UAG are under agreement and not actively being marketed. In most interfaces, they disappear from view.
Properties that have the designation CAN have a canceled contract between the agent and the owner before the contract period ended. Those that read EXP had the listing contract expire.
Properties that have WDN are withdrawn from the market. This could mean the seller needs a week off from showing it, or a month. However, the agent is still under contract with the seller.
Properties marked BOM have come back on the market after the active marketing has been suspended by being UAG or WDN. Sometimes, I see this marked as RAC, reactivated.
In most cases, an active house hunter does not need to see properties that are not being actively marketed. Sometimes, my clients are just curious. Are you?
Which interface do you use? My clients like Redfin and Zillow best. What are the pluses and minuses, in your opinion?
