Comments on: Anecdote: Reloaded http://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/ local real estate news, statistics, and commentary without the sales spin. Sun, 21 Mar 2010 11:07:02 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Update: Anecdote: Reloaded | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.http://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-63947 Update: Anecdote: Reloaded | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area. Mon, 19 Jan 2009 22:21:18 +0000 http://seattlebubble.com/blog/?p=626#comment-63947 [...] Reed, the listing agent of the still-unsold $1.275 million-dollar home left a comment on my recent post about her listing. I feel it is only fair to reprint her comment here on the [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('63947','Update: Anecdote: Reloaded | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('63947','Update: Anecdote: Reloaded | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.','[...] Reed, the listing agent of the still-unsold $1.275 million-dollar home left a comment on my recent post about her listing. I feel it is only fair to reprint her comment here on the [...]',''); return false;">Quote</a></div> [...] Reed, the listing agent of the still-unsold $1.275 million-dollar home left a comment on my recent post about her listing. I feel it is only fair to reprint her comment here on the [...]
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]]> By: Sarah Reedhttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10824 Sarah Reed Sat, 20 Jan 2007 01:55:16 +0000 http://seattlebubble.com/blog/?p=626#comment-10824 One more thing. I agree that there are alot of unprofessional agents out there harming the public. It would be valuable to the industry and the safety of the consumer if we had stricter regulations surrounding the obtaining of a real estate license in this state. If you ever get the chance to vote for stricter guidlines and laws for real estate professionals, PLEASE DO! We try to be a self-policing industry, but not everyone shares the high ethics that we all should subscribe to. Unfortunately, there are alot of people that get in the business to take advantage of the public.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10824','Sarah Reed',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10824','Sarah Reed','One more thing. I agree that there are alot of unprofessional agents out there harming the public. It would be valuable to the industry and the safety of the consumer if we had stricter regulations surrounding the obtaining of a real estate license in this state. If you ever get the chance to vote for stricter guidlines and laws for real estate professionals, PLEASE DO! We try to be a self-policing industry, but not everyone shares the high ethics that we all should subscribe to. Unfortunately, there are alot of people that get in the business to take advantage of the public.',''); return false;">Quote</a></div> One more thing. I agree that there are alot of unprofessional agents out there harming the public. It would be valuable to the industry and the safety of the consumer if we had stricter regulations surrounding the obtaining of a real estate license in this state. If you ever get the chance to vote for stricter guidlines and laws for real estate professionals, PLEASE DO! We try to be a self-policing industry, but not everyone shares the high ethics that we all should subscribe to. Unfortunately, there are alot of people that get in the business to take advantage of the public.
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]]> By: Sarah Reedhttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10821 Sarah Reed Sat, 20 Jan 2007 00:56:01 +0000 http://seattlebubble.com/blog/?p=626#comment-10821 Regarding my listing on Avondale-I wanted to set the record straight about my intentional relisting of the property. I try to always write a shorter listing agreement than the average agent as it better serves the client/seller. I do not "cancel and relist", or intend to deceive the consumer or other agents. I wanted the listing to expire contractually, and be relisted after the first of the year so that it would have an MLS # starting with 270. Largely because so many agents only search the new listings for their clients, overlooking perfectly fine homes with a bit of market time. Buyers always ask how long a property has been on the market, and I am always honest with my clients in every way. The Days On Market is clearly available to all agents, though the MLS does not print it to the consumer. My sellers always get a detailed explaination of my reasons for writing a shorter listing contract, and the benefits it gives them. Ultimately, the descision is theirs.<br /><br />Certainly, I have had a few issues to overcome with this property, as the last agent blantantly overpriced it since he does not live in or do much business in the area. Also, he had it in the zip code for the city of Sammamish. Finally, the school district was wrong, and the photos were lack luster. The former agent really SHOULD have relisted the home with each of the massive price drops he was forced to do by his lack of accurate info and pricing, and did the sellers a huge disservice by not. He was likely afraid that they might cancel his service, which they were eager to do in the end. The home is very well constructed and finished nicely, and is finally appropriately priced. There was an appraisal done this summer for value only, and it came in at $1,550,000. <br /><br />The current listing contract is written to expire the first week of March. I did this to appeal to the lazier agents out there that only search for "new listings". More paperwork for me, but I'm not lazy.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10821','Sarah Reed',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10821','Sarah Reed','Regarding my listing on Avondale-I wanted to set the record straight about my intentional relisting of the property. I try to always write a shorter listing agreement than the average agent as it better serves the client\/seller. I do not \"cancel and relist\", or intend to deceive the consumer or other agents. I wanted the listing to expire contractually, and be relisted after the first of the year so that it would have an MLS # starting with 270. Largely because so many agents only search the new listings for their clients, overlooking perfectly fine homes with a bit of market time. Buyers always ask how long a property has been on the market, and I am always honest with my clients in every way. The Days On Market is clearly available to all agents, though the MLS does not print it to the consumer. My sellers always get a detailed explaination of my reasons for writing a shorter listing contract, and the benefits it gives them. Ultimately, the descision is theirs.<br \/><br \/>Certainly, I have had a few issues to overcome with this property, as the last agent blantantly overpriced it since he does not live in or do much business in the area. Also, he had it in the zip code for the city of Sammamish. Finally, the school district was wrong, and the photos were lack luster. The former agent really SHOULD have relisted the home with each of the massive price drops he was forced to do by his lack of accurate info and pricing, and did the sellers a huge disservice by not. He was likely afraid that they might cancel his service, which they were eager to do in the end. The home is very well constructed and finished nicely, and is finally appropriately priced. There was an appraisal done this summer for value only, and it came in at $1,550,000. <br \/><br \/>The current listing contract is written to expire the first week of March. I did this to appeal to the lazier agents out there that only search for \"new listings\". More paperwork for me, but I\'m not lazy.',''); return false;">Quote</a></div> Regarding my listing on Avondale-I wanted to set the record straight about my intentional relisting of the property. I try to always write a shorter listing agreement than the average agent as it better serves the client/seller. I do not “cancel and relist”, or intend to deceive the consumer or other agents. I wanted the listing to expire contractually, and be relisted after the first of the year so that it would have an MLS # starting with 270. Largely because so many agents only search the new listings for their clients, overlooking perfectly fine homes with a bit of market time. Buyers always ask how long a property has been on the market, and I am always honest with my clients in every way. The Days On Market is clearly available to all agents, though the MLS does not print it to the consumer. My sellers always get a detailed explaination of my reasons for writing a shorter listing contract, and the benefits it gives them. Ultimately, the descision is theirs.

Certainly, I have had a few issues to overcome with this property, as the last agent blantantly overpriced it since he does not live in or do much business in the area. Also, he had it in the zip code for the city of Sammamish. Finally, the school district was wrong, and the photos were lack luster. The former agent really SHOULD have relisted the home with each of the massive price drops he was forced to do by his lack of accurate info and pricing, and did the sellers a huge disservice by not. He was likely afraid that they might cancel his service, which they were eager to do in the end. The home is very well constructed and finished nicely, and is finally appropriately priced. There was an appraisal done this summer for value only, and it came in at $1,550,000.

The current listing contract is written to expire the first week of March. I did this to appeal to the lazier agents out there that only search for “new listings”. More paperwork for me, but I’m not lazy.

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]]> By: Ardell DellaLoggiahttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10688 Ardell DellaLoggia Mon, 15 Jan 2007 08:05:50 +0000 http://seattlebubble.com/blog/?p=626#comment-10688 Regarding mls cancel and reposting, it used to be (before the relatively new rule) like taking something that wasn't selling on the bottom shelf, and moving it to eye level in a grocery store. Not really deceitful from an agent to agent inside the mls perspective.<br /><br />Remember the public wasn't seeing any of this at all. It was just agent to agent advertising within the mls.<br /><br />The rule came in because the public doesn't have the "property history" button that we have. So from the public view it was deceiving, though not from the agent to agent view.<br /><br />Agents have been "updating their listing number" for many, many years for the benefit of the seller. Just like a second or third Broker's Open. <br /><br />If the remarks said: New on Market...that would be deceitful. But just getting the agents to take another look (relisting puts it in the agents inbox again), is just a "hey guys, don't forget about this one!"<br /><br />MLS new rule basically says, "Hey, give us a REASON to look at it, like a big price change."<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10688','Ardell DellaLoggia',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10688','Ardell DellaLoggia','Regarding mls cancel and reposting, it used to be (before the relatively new rule) like taking something that wasn\'t selling on the bottom shelf, and moving it to eye level in a grocery store. Not really deceitful from an agent to agent inside the mls perspective.<br \/><br \/>Remember the public wasn\'t seeing any of this at all. It was just agent to agent advertising within the mls.<br \/><br \/>The rule came in because the public doesn\'t have the \"property history\" button that we have. So from the public view it was deceiving, though not from the agent to agent view.<br \/><br \/>Agents have been \"updating their listing number\" for many, many years for the benefit of the seller. Just like a second or third Broker\'s Open. <br \/><br \/>If the remarks said: New on Market...that would be deceitful. But just getting the agents to take another look (relisting puts it in the agents inbox again), is just a \"hey guys, don\'t forget about this one!\"<br \/><br \/>MLS new rule basically says, \"Hey, give us a REASON to look at it, like a big price change.\"',''); return false;">Quote</a></div> Regarding mls cancel and reposting, it used to be (before the relatively new rule) like taking something that wasn’t selling on the bottom shelf, and moving it to eye level in a grocery store. Not really deceitful from an agent to agent inside the mls perspective.

Remember the public wasn’t seeing any of this at all. It was just agent to agent advertising within the mls.

The rule came in because the public doesn’t have the “property history” button that we have. So from the public view it was deceiving, though not from the agent to agent view.

Agents have been “updating their listing number” for many, many years for the benefit of the seller. Just like a second or third Broker’s Open.

If the remarks said: New on Market…that would be deceitful. But just getting the agents to take another look (relisting puts it in the agents inbox again), is just a “hey guys, don’t forget about this one!”

MLS new rule basically says, “Hey, give us a REASON to look at it, like a big price change.”

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]]> By: SeattleMoosehttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10683 SeattleMoose Sun, 14 Jan 2007 21:51:31 +0000 http://seattlebubble.com/blog/?p=626#comment-10683 I track properties by address not MLS listing so this game has been pretty obvious over the last year. <br /><br />Mrs. gReed is just another RE pirate flipping off the rules.<br /><br />The whole RE industry is a criminal organization and all of its members should be tried for "crimes against humanity"......<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10683','SeattleMoose',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10683','SeattleMoose','I track properties by address not MLS listing so this game has been pretty obvious over the last year. <br \/><br \/>Mrs. gReed is just another RE pirate flipping off the rules.<br \/><br \/>The whole RE industry is a criminal organization and all of its members should be tried for \"crimes against humanity\"......',''); return false;">Quote</a></div> I track properties by address not MLS listing so this game has been pretty obvious over the last year.

Mrs. gReed is just another RE pirate flipping off the rules.

The whole RE industry is a criminal organization and all of its members should be tried for “crimes against humanity”……

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]]> By: cosmoshttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10666 cosmos Sat, 13 Jan 2007 17:32:35 +0000 http://seattlebubble.com/blog/?p=626#comment-10666 <i>just_checking</i> - Thanks for the link! Now I understand why W didn't call up the army of realtors for his surge in Iraq. Too bad.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10666','cosmos',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10666','cosmos','<i>just_checking<\/i> - Thanks for the link! Now I understand why W didn\'t call up the army of realtors for his surge in Iraq. Too bad.',''); return false;">Quote</a></div> just_checking – Thanks for the link! Now I understand why W didn’t call up the army of realtors for his surge in Iraq. Too bad.
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]]> By: Geonhttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10663 Geon Sat, 13 Jan 2007 05:50:47 +0000 http://seattlebubble.com/blog/?p=626#comment-10663 4606 Whitman Ave N., 98103<br />Price $1,275,000<br /><br /><br />I've seen this listing, not sure if was on the realtor site or HGTV's "What is that!" LOL.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10663','Geon',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10663','Geon','4606 Whitman Ave N., 98103<br \/>Price $1,275,000<br \/><br \/><br \/>I\'ve seen this listing, not sure if was on the realtor site or HGTV\'s \"What is that!\" LOL.',''); return false;">Quote</a></div> 4606 Whitman Ave N., 98103
Price $1,275,000

I’ve seen this listing, not sure if was on the realtor site or HGTV’s “What is that!” LOL.

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]]> By: bilirubenhttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10661 biliruben Sat, 13 Jan 2007 02:43:09 +0000 http://seattlebubble.com/blog/?p=626#comment-10661 Misterbubble - Redfin, linked here, has days on the market for every listing.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10661','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10661','biliruben','Misterbubble - Redfin, linked here, has days on the market for every listing.',''); return false;">Quote</a></div> Misterbubble – Redfin, linked here, has days on the market for every listing.
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]]> By: just_checkinghttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10660 just_checking Sat, 13 Jan 2007 02:37:40 +0000 http://seattlebubble.com/blog/?p=626#comment-10660 <a href="http://www.opensecrets.org/overview/topcontribs.asp?cycle=2006"> Interesting factoid about friends at NAR</a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10660','just_checking',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10660','just_checking','<a href=\"http:\/\/www.opensecrets.org\/overview\/topcontribs.asp?cycle=2006\"> Interesting factoid about friends at NAR<\/a>',''); return false;">Quote</a></div> Interesting factoid about friends at NAR
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]]> By: Normhttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10658 Norm Sat, 13 Jan 2007 01:59:01 +0000 http://seattlebubble.com/blog/?p=626#comment-10658 Are you saying you can't see any difference? :)<br /><br />Some areas have legislation, like mine, which prevents listing periods which exceed one year. After that, the only way to keep the property listed is with a new agreement.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10658','Norm',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10658','Norm','Are you saying you can\'t see any difference? :)<br \/><br \/>Some areas have legislation, like mine, which prevents listing periods which exceed one year. After that, the only way to keep the property listed is with a new agreement.',''); return false;">Quote</a></div> Are you saying you can’t see any difference? :)

Some areas have legislation, like mine, which prevents listing periods which exceed one year. After that, the only way to keep the property listed is with a new agreement.

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]]> By: MisterBubblehttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10655 MisterBubble Sat, 13 Jan 2007 01:31:10 +0000 http://seattlebubble.com/blog/?p=626#comment-10655 Hey y'all...dumb question:<br /><br />What's the best way to get days-on-market for any listing?<br /><br />Thanks!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10655','MisterBubble',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10655','MisterBubble','Hey y\'all...dumb question:<br \/><br \/>What\'s the best way to get days-on-market for any listing?<br \/><br \/>Thanks!',''); return false;">Quote</a></div> Hey y’all…dumb question:

What’s the best way to get days-on-market for any listing?

Thanks!

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]]> By: T,V & Mr.Bhttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10653 T,V & Mr.B Sat, 13 Jan 2007 00:11:44 +0000 http://seattlebubble.com/blog/?p=626#comment-10653 While waiting in the doctors office today, I was reading an article in Readers Digest that explained how people who have used discount broker agencies to list their home, they were black listed by the traditional RE brokers, and when they tried to have an open house, no agents would come by due to being told not to by a traditional broker. I can't find the link on Readers Digest web site, but it was pretty disturbing to find out the lengths that these people will go to, just to keep their money line going.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10653','T,V & Mr.B',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10653','T,V & Mr.B','While waiting in the doctors office today, I was reading an article in Readers Digest that explained how people who have used discount broker agencies to list their home, they were black listed by the traditional RE brokers, and when they tried to have an open house, no agents would come by due to being told not to by a traditional broker. I can\'t find the link on Readers Digest web site, but it was pretty disturbing to find out the lengths that these people will go to, just to keep their money line going.',''); return false;">Quote</a></div> While waiting in the doctors office today, I was reading an article in Readers Digest that explained how people who have used discount broker agencies to list their home, they were black listed by the traditional RE brokers, and when they tried to have an open house, no agents would come by due to being told not to by a traditional broker. I can’t find the link on Readers Digest web site, but it was pretty disturbing to find out the lengths that these people will go to, just to keep their money line going.
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]]> By: synthetikhttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10652 synthetik Fri, 12 Jan 2007 23:55:27 +0000 http://seattlebubble.com/blog/?p=626#comment-10652 TIMMAY!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10652','synthetik',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10652','synthetik','TIMMAY!',''); return false;">Quote</a></div> TIMMAY!
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]]> By: synthetikhttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10651 synthetik Fri, 12 Jan 2007 23:36:51 +0000 http://seattlebubble.com/blog/?p=626#comment-10651 When my wife and I first moved to Seattle in March of 06', this house was for sale:<br /><br />4606 Whitman Ave N., 98103<br />Price $1,275,000<br /><br />I have no idea how many times it's been relisted but it's been many. The current price is now $1,100,000 and "6 days on the market".<br /><br />In the past it's been relisted with no price changes - several times.<br /><br /><a href="http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=27004670&mls=mls_seattle&source=NWMLS&propertyType=SFR">Link</a> (required ziprealty login)<br /><br />It's really nice but right on the corner of a major intersection. Easily the most expensive home in the immediate area - a modern art masterpiece!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10651','synthetik',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10651','synthetik','When my wife and I first moved to Seattle in March of 06\', this house was for sale:<br \/><br \/>4606 Whitman Ave N., 98103<br \/>Price $1,275,000<br \/><br \/>I have no idea how many times it\'s been relisted but it\'s been many. The current price is now $1,100,000 and \"6 days on the market\".<br \/><br \/>In the past it\'s been relisted with no price changes - several times.<br \/><br \/><a href=\"http:\/\/www.ziprealty.com\/buy_a_home\/logged_in\/search\/home_detail.jsp?listing_num=27004670&mls=mls_seattle&source=NWMLS&propertyType=SFR\">Link<\/a> (required ziprealty login)<br \/><br \/>It\'s really nice but right on the corner of a major intersection. Easily the most expensive home in the immediate area - a modern art masterpiece!',''); return false;">Quote</a></div> When my wife and I first moved to Seattle in March of 06′, this house was for sale:

4606 Whitman Ave N., 98103
Price $1,275,000

I have no idea how many times it’s been relisted but it’s been many. The current price is now $1,100,000 and “6 days on the market”.

In the past it’s been relisted with no price changes – several times.

Link (required ziprealty login)

It’s really nice but right on the corner of a major intersection. Easily the most expensive home in the immediate area – a modern art masterpiece!

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]]> By: Kaleetanhttp://seattlebubble.com/blog/2007/01/12/anecdote-reloaded/#comment-10649 Kaleetan Fri, 12 Jan 2007 22:35:46 +0000 http://seattlebubble.com/blog/?p=626#comment-10649 You are quite the sleuth tim - way to go! <br /><br />Mrs Reed is busted!<br /><br />Think your gonna pull the wool over my eyes with your new listing huh ? ...no way..not with timmy around<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10649','Kaleetan',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10649','Kaleetan','You are quite the sleuth tim - way to go! <br \/><br \/>Mrs Reed is busted!<br \/><br \/>Think your gonna pull the wool over my eyes with your new listing huh ? ...no way..not with timmy around',''); return false;">Quote</a></div> You are quite the sleuth tim – way to go!

Mrs Reed is busted!

Think your gonna pull the wool over my eyes with your new listing huh ? …no way..not with timmy around

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