[5-DayForum] [SPAM]Re: Question about advertising on MLS

Wed Oct 24 21:54:37 EDT 2007

I strongly agree about the buyers all looking for deals.

Terry Wigfield

301-791-7216 fax

5daysale.biz <mailto:terry.wigfield at housemaster.com> 

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From:
5-dayforum-bounces+terry.wigfield=housemaster.com at mailman.howtosellyourhomei
n5days.com
[mailto:5-dayforum-bounces+terry.wigfield=housemaster.com at mailman.howtoselly
ourhomein5days.com] On Behalf Of homestop1 at aol.com
Sent: Wednesday, October 24, 2007 8:55 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [SPAM]Re: [5-DayForum] Question about advertising on MLS

This matter is viewed differently based on the board of Realtors that the
real estate agent is a member of. I spoke with the president of my board and
he claimed that the seller would have to honor the price that is displayed
in the MLS. Even with disclaimers and disclosures he insist that a potential
buyer would have an argument that he meet the seller's requirements for sale
( consider that the time for closing, inspection clause, and financing were
not an issue) and therefore could sue. I have calls into several attorneys
to get their opinion and if there is any case law. All short sale listings
have a disclaimer that there is a third party approval so why should an
individual seller not have the right to decide whether or not a price is
acceptable as long as it is disclosed that there is a minimum undisclosed
price.

I agree that almost all buyers today are looking for a "deal" even though
property values are at 65-70% of the high's 2+ years ago. There is not much
difference between the different types of buyers. You have the investor
"flipper" that wants to buy your property at a "wholesale" price to make a
profit on a short term flip. Then the investor that wants to portfolio the
property as a rental but wants to pay a price give him a cash flow. Finally
an end user that wants to have their mortgage payment minus any tax
deduction similar to what they pay for rent. The bottom line is that in
order for any of these buyers to purchase your property they will have to
pay less that what you want to sell it for. 

It's simple economic until the demand catches up to the supply the real
estate market will remain the same. There is some saving grace out there.
Because of the weak dollar it is appealing for foreign buyers to enter the
market. Lastly lower property taxes, property insurance cost, and mortgage
interest rates will stir the pot as well.

Sincerely, 

Brett Matthews e-Pro,CRB
Lic. Real Estate Broker
Lic. Mortgage Broker
Certified Title Agent 
Brett at RealEstateProLLC.com

-----Original Message-----
From: Guy Lisa Wall <lwall624 at hotmail.com>
To: How To Sell Your Home in 5-Days
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wed, 24 Oct 2007 7:06 am
Subject: Re: [5-DayForum] Question about advertising on MLS

I am not sure what advice your broker is handing out, but if you make it
clear that there will be a bidding process in place this type of
advertisement should be fine. Check out listings on REALTOR.com and you will
see houses advertised for $1.00. No one thinks that they are actually going
to buy a home for that. They continue to read the ad and find out that the
house will be auctioned. Be clear in your wording and you should be fine.

  _____  

From: rosemarie-fred at mindspring.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 23 Oct 2007 14:10:45 -0400
Subject: Re: [5-DayForum] Question about advertising on MLS

    Our experience (and what a real estate broker told us) is that if you
advertise on MLS you must be willing to sell at that price. If you advertise
for half the value of the property, and someone offers you that, you would
then have to accept that offer. And pay the realtor who found it on MLS and
brought you a buyer.

     Even if that rule does not exist where you live, you would be adding
about  3% for commission to y our costs - seller pays the realtor, or it
comes out of the proceeds. 

    We chose not to put it in MLS and did fine. Signs in the neighborhood
found us our buyer.

Rosemarie

----- Original Message ----- 

From: Freesia <mailto:freesialg at yahoo.com>  

To: 5-Day Forum <mailto:5-dayforum at howtosellyourhomein5days.com>  

Sent: Tuesday, October 23, 2007 12:09 PM

Subject: [5-DayForum] Question about advertising on MLS

These days one can find a realtor service for "list only" on MLS for around
$300-$500.

Anyone try this?  We currently had the townhouse we are auctioning off this
weekend MLS listed but we are changing the listing to reflect the auction.

Any insights to previous MLS listers appreciated.  

Thanks,

Freesia

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