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+--- Thread: Goofy real estate (Days On Market) (/showthread.php?tid=12252)
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Goofy real estate (Days On Market) - EightFingers - 07-22-2013
This partial house (MLS 260376) seems to keep getting its D.O.M. reset.
Nothing in the description changes or the price.
So how can they get the D.O.M. changed all the time?
I know this is the second time it's happened.
I thought I was seeing it happen on other properties, but this house is "memorable".
RE: Goofy real estate (Days On Market) - DanielP - 07-22-2013
Contract renewal?
RE: Goofy real estate (Days On Market) - oink - 07-22-2013
Doesn't seem right and not just a renewal. The listing should have had to expire, requiring a whole new listing. Otherwise the seller should have to withdraw the listing and then relist it. This would require considerable time on the part of the listing agent to reenter the info back into the MLS system. Even so, the MLS manager should notice the strange activity and call them on it. Based solely on the pictures, that property looks like a total POS and more of a tear down. I don't get the price.
Pua`a
S. FL
Big Islander to be.
RE: Goofy real estate (Days On Market) - Kapohocat - 07-22-2013
I believe it only has to be off the MLS 30 days to reset the DOM clock.
RE: Goofy real estate (Days On Market) - steve1 - 07-22-2013
Seems like the legalities of real estate advertising is pretty screwy in Hawaii. When we were house shopping a few years back there were realtors trying to sell Kalapana land with pictures of the old beach even though it was covered with lava in 1986. Apparently this is legal and an accepted practice here in Hawaii, so Buyer Beware, and Welcome to Paradise!
RE: Goofy real estate (Days On Market) - csgray - 07-22-2013
I've seen properties here pulled for just a day or two and then relisted as a new listing with exactly the same listing information word for word. It seems like certain real estate agents are more likely to do this than others, at least I see certain names associated with this practice again and again.
Carol
RE: Goofy real estate (Days On Market) - unknownjulie - 07-22-2013
I agree with CS. That's initially what I thought, but thought it best- due to all the hassle of my other realestate responses- to be quiet until other's set forth their ideas. It would seem that there is a heck of a lot of latitude with realestate. And I did go back and look at an old realestate contract that I have where it was MY listing agent, that had a sellers agreement with me to pay her 5% if she sold the listing (her own listing) and 6% if two realtors were involved (3% to each). IN other words, the buyer was cutting out 1% of the commission by using the listing agent to buy the property. This was what I was hoping to do as a buyer- and people did not like this idea at all, and told me I "did not understand".
RE: Goofy real estate (Days On Market) - big_island_bound - 07-22-2013
Look and see if the MLS# has changed. I have noticed here in Hawaii that some brokers allow the agent to take the listing with them to their new broker when they change companies....Hardly happens like that on the mainland though..usually once a broker has the listing, they keep it
RE: Goofy real estate (Days On Market) - terracore - 07-23-2013
Looks like somebody has spent $116k buying their lot and building their money pit and just want out. I looked at the tax records and there is no permit on file but the "building" does have an assessed value. Looks like the worst of both worlds. For a little bit more money one could get a completed, permitted home, and a mortgage to pay for it.
RE: Goofy real estate (Days On Market) - EightFingers - 07-23-2013
Wished I had watched this more closely, but I was never interested in buying the property, just that it really stood out. Seems to me Days On Market clock would start when the property was listed and not reset even if the listing agent changed.
Maybe I should offer 15K L&L (land and lumber).[
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