{"id":626,"date":"2007-01-12T14:59:00","date_gmt":"2007-01-12T21:59:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=626"},"modified":"2007-01-12T14:59:00","modified_gmt":"2007-01-12T21:59:00","slug":"anecdote-reloaded","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2007\/01\/12\/anecdote-reloaded\/","title":{"rendered":"Anecdote: Reloaded"},"content":{"rendered":"

Many of you may remember the million-dollar new construction that I’ve been following since June of last year<\/a>. Recall that it was originally listed at $1,625,000, has seen four separate price reductions (down to $1,275,000—28% off), and was most recently re-listed with a new brokerage and a shiny new description<\/a>.<\/p>\n

About a year ago I posted about a warning the NWMLS had posted to local agents<\/a>. Here’s the heart of it:<\/p>\n

You may not cancel and relist a property, even with a new listing agreement and new listing input sheets, unless there is a material change to the listing (e.g., a significant change in the price of the property, a remodel, a change in zoning, or a change in ownership).<\/p><\/blockquote>\n

What does this have to do with the listing in question? Well, after fifty more<\/i> days of apparently zero interest in this increasingly stale listing (240<\/a> cumulative days on the market), the listing agent—one Miss Sarah L. Reed of RE\/MAX<\/a>—has apparently decided that the new year is a good time to generate some fresh interest in the property by brazenly violating NWMLS rules.<\/p>\n

Old price: $1,275,000<\/b>. Old description<\/a>:<\/p>\n

A warm & elegant tribute to the distinctive northwest craftsman lifestyle! New majestic custom home on over 3 peaceful, close-in acres w\/equestrian opp. Featuring glistening hardwoods in sun-filled rooms, arched doorways, library, slab granite, state of the art stainless steel gourmet kitchen-6 burner viking. Open & flowing w\/soaring ceilings, greatroom, dining, family~bonus designed for entertaining. Showcase master suite retreat w\/fplc, spa bath, dual closets. Caretaker-nanny-ext.Family wing.<\/p><\/blockquote>\n

“New” price: $1,275,000<\/b>. “New” description<\/a>:<\/p>\n

A warm & elegant tribute to the distinctive northwest craftsman lifestyle! New majestic custom home on over 3 peaceful, close-in acres w\/equestrian opp. Featuring glistening hardwoods in sun-filled rooms, arched doorways, library, slab granite, state of the art stainless steel gourmet kitchen-6 burner viking. Open & flowing w\/soaring ceilings, greatroom, dining, family~bonus designed for entertaining. Showcase master suite retreat w\/fplc, spa bath, dual closets. Caretaker-nanny-ext.Family wing.<\/p><\/blockquote>\n

You can also see (if you have a ZipRealty account) that the pictures are identical between the old<\/a> and new<\/a> listings.<\/p>\n

I’m just an unsophisticated blogger, not a real estate professional<\/i>, but it sure doesn’t look to me like there has been a “material change to the listing.” Tsk, tsk Ms. Reed.<\/p>\n

Seeing something like this almost exactly one year after posting about the NWMLS warning leads me to wonder whether January is perhaps a particularly popular month to violate the NWMLS rules regarding re-listing properties.<\/p>\n

Update:<\/b> Be sure to see Sarah Reed’s response to this post<\/a>.<\/p>\n

\n
Seattle Bubble Tip Jar<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Many of you may remember the million-dollar new construction that I’ve been following since June of last year. Recall that it was originally listed at $1,625,000, has seen four separate price reductions (down to $1,275,000—28% off), and was most recently re-listed with a new brokerage and a shiny new description. About a year ago I…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[],"tags":[5,6],"coauthors":[],"class_list":["post-626","post","type-post","status-publish","format-standard","hentry","tag-anecdote","tag-nwmls"],"yoast_head":"\nAnecdote: Reloaded \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2007\/01\/12\/anecdote-reloaded\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Anecdote: Reloaded \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Many of you may remember the million-dollar new construction that I’ve been following since June of last year. 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