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Reply to "Annoying Realtor "tricks" re-listing the same house every month as new"
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[quote=Anonymous][quote=Realtor4you][quote=Anonymous]I'm not sure why they do this. I'm an agent, but we're always told to NOT do this because the MLS will pick that up and recalculate your days on market anyway, so people will know it's not old. Perhaps it proliferates to other sites though and looks new because that Days on Market calculation doesn't follow through to those sites?[/quote] If you were a practicing agent, you would know that the MLS system offers a DOMM & DOMP. If a property is relisted, the DOMM will re-set, not the DOMP unless the property is off the market for at least 90 days. I would hope that you would know this. When re-listing a property, it could be done due to a significant price reduction and the agent wants the house to again appear as new. Remember, the listing agent represents the seller! There are reasonable reasons to do it but others simply do it monthly to keep it fresh. There's nothing wrong with it other as all an experienced agent has to do is look at the DOMP (Days on Market- Property)[/quote] 2:25 back. Thank you . This explains why agents many years ago (pre computeried MLS) wanted to take a market off for 6 months. Now it appears to be 3 months but this was helpful[/quote]
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