Comments on: Marin Real Estate – OFF the MLS http://www.blogbythebay.com/marin-real-estate/marin-real-estate-off-the-mls/ Marin Real Estate, Marin County Neighborhoods, Marin People, Marin Home Search Tue, 15 Nov 2011 16:19:59 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Linsey http://www.blogbythebay.com/marin-real-estate/marin-real-estate-off-the-mls/comment-page-1/#comment-9211 Linsey Fri, 02 Jan 2009 00:01:06 +0000 http://www.blogbythebay.com/marin-real-estate/marin-real-estate-off-the-mls/#comment-9211 Fortunately, I don't see this as a trend in Orange County. It seems like a risky proposition, particularly in a market that is declining like ours, to keep your home from the MLS. As you know, the sooner it is on the MLS and marketed aggressively, the more likely you are to have a sale at the highest price possible. Love your blog! :) Fortunately, I don’t see this as a trend in Orange County. It seems like a risky proposition, particularly in a market that is declining like ours, to keep your home from the MLS. As you know, the sooner it is on the MLS and marketed aggressively, the more likely you are to have a sale at the highest price possible.

Love your blog! :)

]]> By: Aaron Wheeler http://www.blogbythebay.com/marin-real-estate/marin-real-estate-off-the-mls/comment-page-1/#comment-8644 Aaron Wheeler Sat, 13 Dec 2008 17:50:24 +0000 http://www.blogbythebay.com/marin-real-estate/marin-real-estate-off-the-mls/#comment-8644 I believe that withholding a listing from the MLS has very little to do with hiding the days on market. There are often some very legitimate reasons for keeping a home out of the MLS inventory such as privacy and security concerns. On the other hand, I can envision scenarios in which agents keep properties out of the system to create an "insider's market" and promote that as a competitive advantage. Many areas are making it much more difficult to withhold a property from the MLS, and with good reason. We often forget that appraisers access the MLS, too, and they use that data to make decisions about how to value a home. If all of the data is not available, it does not paint an accurate picture of the market. In the Silicon Valley, for example, our MLS requires that the broker/manager sign off on any authorization to exclude. While this cannot stop withholding of data, it can make it a little more difficult. In this market, it is especially important for home sellers to exposure their home through as many channels as possible. The MLS certainly is an important one, when it is practical to do so. I believe that withholding a listing from the MLS has very little to do with hiding the days on market. There are often some very legitimate reasons for keeping a home out of the MLS inventory such as privacy and security concerns. On the other hand, I can envision scenarios in which agents keep properties out of the system to create an “insider’s market” and promote that as a competitive advantage.

Many areas are making it much more difficult to withhold a property from the MLS, and with good reason. We often forget that appraisers access the MLS, too, and they use that data to make decisions about how to value a home. If all of the data is not available, it does not paint an accurate picture of the market. In the Silicon Valley, for example, our MLS requires that the broker/manager sign off on any authorization to exclude. While this cannot stop withholding of data, it can make it a little more difficult.

In this market, it is especially important for home sellers to exposure their home through as many channels as possible. The MLS certainly is an important one, when it is practical to do so.

]]> By: Ginger Wilcox http://www.blogbythebay.com/marin-real-estate/marin-real-estate-off-the-mls/comment-page-1/#comment-8639 Ginger Wilcox Sat, 13 Dec 2008 16:12:41 +0000 http://www.blogbythebay.com/marin-real-estate/marin-real-estate-off-the-mls/#comment-8639 Hi Bill. We still have a large number of homes on MLS, but I am definitely see far more homes being marketed as off MLS. While the MLS is not the only marketing avenue for sellers, it is definitely an important one that shouldn't be missed. Hi Bill. We still have a large number of homes on MLS, but I am definitely see far more homes being marketed as off MLS. While the MLS is not the only marketing avenue for sellers, it is definitely an important one that shouldn’t be missed.

]]> By: Bill Lublin http://www.blogbythebay.com/marin-real-estate/marin-real-estate-off-the-mls/comment-page-1/#comment-8622 Bill Lublin Sat, 13 Dec 2008 02:19:11 +0000 http://www.blogbythebay.com/marin-real-estate/marin-real-estate-off-the-mls/#comment-8622 Ginger; What a great point you make. The issue of Days on Market is huge and was the source of a "white paper" prepared by for the Professional Standards Committee at NAR's meetings in Orlando. I didn't realize that the problem was so endemic in your area that sellers would miss using the power of the MLS and some buyers would actually hurt themselves by not realizing that a well informed agent could help them find even those more obscure listings. Your blog is a great public service - hope your consumers realize that Ginger; What a great point you make. The issue of Days on Market is huge and was the source of a “white paper” prepared by for the Professional Standards Committee at NAR’s meetings in Orlando.
I didn’t realize that the problem was so endemic in your area that sellers would miss using the power of the MLS and some buyers would actually hurt themselves by not realizing that a well informed agent could help them find even those more obscure listings. Your blog is a great public service – hope your consumers realize that

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