Comments on: Emerald Hills: Zero to Sixty

By: Susan Brady

Susan Brady — Thu, 11 Sep 2008 22:51:54 +0000

thank you so much, Drew, for the explanation. I had it on my TO DO list to contact agents about their take on this issue. You’ve done a good job explaining it.

By: Drew

Drew — Thu, 11 Sep 2008 18:02:42 +0000

Adam, long before the advent of the Internet, agents were re-listing properties to attract colleagues who missed the listing when they were initially input. All re-listing a home served to do was get the listing back in front of the eyes of agents. This practice was never meant to deceive buyers, though today with public access to listings on-line it has this unwanted effect. The local MLS could add the DOM (days on market) and CDOM (continuous Days on Market) stat to the on-line listings and avoid the appearance of what you refer to as unethical behavior. Interesting to note that if I as an agent email you a “client” copy of the listing, it contains this information. However, the “client” copy of the listing I send does not allow me to include the virtual tour links you can get on-line. These are examples of outdated protectionist policies that do the consumer and the agents no good; but the re-listing of homes is simply a hang-over from the “old” days, prior to the internet (which is only about 5000 days old).

Best regards,

Drew Morgan, Agent in Belmont ,CA

By: Adam Schwartz

Adam Schwartz — Wed, 10 Sep 2008 17:53:59 +0000

I watch the listings in San Carlos and Redwood City and am amazed who frequently houses are re-listed rather than showing a price reduction. It’s very unethical in my opinion.

By: susan.brady

susan.brady — Wed, 10 Sep 2008 15:21:09 +0000

I was thinking that some looked strangely familiar. Unfortunately, if you look at the current listing information, you can see that nowhere do they put that they are a re-list. Because I have no direct access to the MLS, I am dependent only my brain to remember each property, and covering more than one city, my brain isn’t always able to keep up. Love to hear your thoughts on those four – since you’ve seen them already. Good homes? What about the current prices?

By: RWC

RWC — Wed, 10 Sep 2008 01:46:41 +0000

Susan,

If my memory serves me correctly, aren’t the first four homes that you state are “less than a week” on the market actually re-listings? I distinctly remember seeing all four of them at open houses in the past month or so.