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Our house is listed at $599K, and in our area, houses usually take about a year to sell. My ex-husband and I don't agree about removing the house from the market for 30 days and then putting it back on so that the DOM number starts over. I don't believe that number matters much since we are in a recession. He believes otherwise. I believe removing the house from the market could possibly result in missing a perspective buyer.
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Posted: Jan 14, 2009 at 12:46 AM
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I wonder if Shawn and her ex ever unloaded that house from January? By now it would be a 460 day listing?
Here in Sacramento our MLS got wise to the trick and has a box right next to dom: CDOM combined days on market.
Property history tab is also available to agents wishing to review the history of the last two years. So even a two year old expired is searchable. You can't just mix the stale hamburger in with the new and claim it is fresh meat here, without any disclosure.
By the way I agree with the earlier posters and Shawn (I count the vote as 8-0 with one neutral) against her ex-husband. Maybe he didn't care about a new DOM but wanted an extra 3o days to try to reconcile.
If that was the reason then I switch my vote in favor of romance.
Oct 4, 2009 at 10:54 PM
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Your agent may be able to trick the DOM field if that is your main concern. I am not familiar with your specific MLS but many link the DOM to the Lot Number field. If you have your agent put your listing as a new one make sure they put something different in the Lot Number field. It can be a small change, for instance if you have "Lot 11" in that field change it to "LT 11". For any agents out there that have put in a listing that did not reset go in and give this a try now to the current listing and it very well may reset it automatically on the current listings.
That works for some MLS's but could be different for yours. Your agent can probably figure out some way to trick it by doing a history search and looking at the main fields that the history search is performed on. Then figuring out which of these fields can be change to make it think it is a different house.
Aug 16, 2009 at 2:15 PM
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Have your tried hiring a professionally Home stager?
Staged Homes are the ultimate resource for home sellers and Realtors.
What are the benefits of using a home stager?
Homes that have been professionally staged sell in less time and for more money, according to studies from Stagedhomes.com. When you put your home on the market it becomes a product. And the better your home is staged the more attractive it becomes to buyers.
When should I hire a home stager?
Ideally your home should be staged prior to listing your home on the market. This allows for maximum benefits of the first impression from all potential buyers. If your home is already listed you can still stage to enhance the homes positive features and maximum your homes market potential.
Why should I spend money if I am selling my home?
Staging your home is an investment. Having your home professionally staged results in increased selling prices. Staged homes are recognized by other real estate agents as properties ready to sell. They will be more likely to show your home to potential buyers. Consultations start as low as $250 and staging ranges from $250-$1,500, which could result in a $5,000 to $20,000 gain for the seller.
I hope this is helpful to you, as I would like for you to sell your home.
Kindest Regards,
Shawna Duplantis, ASP, IAHSP, ARM
Owner of The Dressed Home
thedressedhome.com
Jul 23, 2009 at 1:31 PM
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Shawn,
It matters! But, timing is everything and you may be on the wrong side of it. Here are a few points to ponder.
1. How many showings are you getting every month?
2. How does this compare to when you first listed the property?
3. Real estate sales are seasonal... spring / summer are hot so that families can move between the school years - esp when changing school areas. Suppose for a moment that you took it off the market today and relisted it 30-days later. That puts you at the end of August with a new listing. Buyer activity is already heavily waning at that point. So, it would be bad timing for you.
4. All things being equal, homes don't sell because they aren't priced right. If you were in a declining market when you first priced your home, have you dropped the price to be competitive or ahead of the curve? The suggestion was made to have an appraisal done. You could go the bank route and ask an REO broker to do a BPO for you (at a fraction of the cost). Or, you could go to
http://www.FinestExpert.com
or several other sites to see what they say, but they don't know your market or home as well as your local realtors will.
5. If you have the choice and the capacity, I recommend keeping the home on the market until the holidays. Take it off starting just about Thanksgiving - and then put it back on the market in mid to late January. But, please note, I do not know the dynamics of your local market, so run this by your realtor.
Robert T. Boyer, Ph.D.
Real Estate Investor Advisor
America's Finest Real Estate
San Diego's Finest Real Estate
http://www.SanDiegosFinestRealEstate.com
Jul 21, 2009 at 2:43 AM
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It will not matter in many cases. I always enter the address into the MLS to find all the various times the property has been listed. I look at everything. Property history report, pull the listing by the address, previous sales, etc.
The only advantage to doing this in my MLS is it will make the property show up under the new listings instead of having to search for it.
Jul 8, 2009 at 2:55 PM
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That may not make a difference depending on your area's MLS rules. In ours a house must be off the market for 30 days OR you must change realtors in order for the DOM to reset. Good luck
Jul 8, 2009 at 9:52 AM
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Price home aggressively like an REO to sell in today's market if you can afford to.Folks are looking for a steal of a deal.
Jun 1, 2009 at 1:00 AM
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Hi THe DOM is only significant if the property isnot selling because of conditions such as its appearance,locations, price. If all of these are good then it will really sell, even in a soft market.
But if the price isnot competitive then it will not sell in any market. Re look at the price and maybe even get a bank appraisal to find out what the bank will lend to a buyer. In our area appraisals cost about 400.00/4BDR-2Bath. Good Luck
May 16, 2009 at 2:09 PM
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You are right about having a lower DOM number as being a way to attract a buyer. HOWEVER, in my area it is only a temporary solution. We as agents can check the Property History and see the home has been on the market and the price adjustments also.
Some listing agents use a sales strategy of withdrawing and inputting the listing simultaneously in order to always look like a new listing.
What this does is change the listing number and continuously mess up the internet marketing of the property. So in an effort to be creative it causes people to think the property is sold when they search for additional information on it with an old mls number!
It also screws up our statistics! In Denver we have to remove a property for 30 days in order to get a fresh DOM number.
I would suggest the best thing for your agent to do is change the "remarks" section every so often. Sometimes the remarks are dull or don't portrait an appealing representation of your property. By changing them and being more creative you have a better chance of hitting the RIGHT KEYWORDS that will appeal to a buyer.
You also might review the price. If you are priced too high you will find it difficult to attract a buyer. Most buyers aren't comfortable looking at homes outside of their price range. Sellers always say, "well bring me an offer." That is nice, but typically doesn't work.
Good luck selling your home down in ColoSpgs!
Jan 15, 2009 at 11:50 AM
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