Comments on: Days on Market penalties http://www.realcentralva.com/2007/02/14/days-on-market-penalties/ Tracking Charlottesville's Real Estate Market since 2005 Sat, 20 Mar 2010 12:12:38 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Frank Borges LL0SA- Virginia Broker Blog.FranklyRealty.com http://www.realcentralva.com/2007/02/14/days-on-market-penalties/comment-page-1/#comment-10242 Frank Borges LL0SA- Virginia Broker Blog.FranklyRealty.com Sat, 17 Nov 2007 16:03:07 +0000 http://www.realcentralva.com/2007/02/14/days-on-market-penalties/#comment-10242 This was implemented after BusinessWeek did a story about DOM manipulation! The power of blogging! Frank This was implemented after BusinessWeek did a story about DOM manipulation!

The power of blogging!

Frank

]]> By: Real Central VA - Tracking the Charlottesville and Central VA real estate market and more » Even more about Days on Market http://www.realcentralva.com/2007/02/14/days-on-market-penalties/comment-page-1/#comment-5661 Real Central VA - Tracking the Charlottesville and Central VA real estate market and more » Even more about Days on Market Mon, 02 Apr 2007 12:27:52 +0000 http://www.realcentralva.com/2007/02/14/days-on-market-penalties/#comment-5661 [...] Even more about Days on Market By Jim Duncan There is frequent discussion about Days on Market data and how that relates to a property’s value and marketability. Real estate appraiser/guru Jonathan Miller describes his approach to the Days on Market. If you are a Realtor, MLS person or buyer or seller, you would do well to read his post. While Days on Market does not draw a clear correlation to market value, it can help start the line and add insight into the Seller’s motivation. When I review active listings in a particular market, I look at the days on market before I consider finer property nuances like condition, layout, room count and so on. It provides clues to the upper limit to value, helping define the possible value range of a property whose value we are estimating. The same goes with sales that closed. I want to understand how the property was accepted. (bolding his) [...] [...] Even more about Days on Market By Jim Duncan There is frequent discussion about Days on Market data and how that relates to a property’s value and marketability. Real estate appraiser/guru Jonathan Miller describes his approach to the Days on Market. If you are a Realtor, MLS person or buyer or seller, you would do well to read his post. While Days on Market does not draw a clear correlation to market value, it can help start the line and add insight into the Seller’s motivation. When I review active listings in a particular market, I look at the days on market before I consider finer property nuances like condition, layout, room count and so on. It provides clues to the upper limit to value, helping define the possible value range of a property whose value we are estimating. The same goes with sales that closed. I want to understand how the property was accepted. (bolding his) [...]

]]> By: Real Central VA - Tracking the Charlottesville and Central VA real estate market and more » The value of transparent blogging http://www.realcentralva.com/2007/02/14/days-on-market-penalties/comment-page-1/#comment-2720 Real Central VA - Tracking the Charlottesville and Central VA real estate market and more » The value of transparent blogging Tue, 20 Feb 2007 01:05:25 +0000 http://www.realcentralva.com/2007/02/14/days-on-market-penalties/#comment-2720 [...] Can we see how long a property has been on the market? Sure, but the data may be worthless. I have been talking to an internet lender … That’s fine, but be aware of the potential problems. Is Dual Agency good? No, no and no. What about Zillow? Well, they could be right … [...] [...] Can we see how long a property has been on the market? Sure, but the data may be worthless. I have been talking to an internet lender … That’s fine, but be aware of the potential problems. Is Dual Agency good? No, no and no. What about Zillow? Well, they could be right … [...]

]]> By: DOM Gaming– The Intentional Foul of Real Estate | The Real Estate Zebra http://www.realcentralva.com/2007/02/14/days-on-market-penalties/comment-page-1/#comment-2522 DOM Gaming– The Intentional Foul of Real Estate | The Real Estate Zebra Fri, 16 Feb 2007 15:54:42 +0000 http://www.realcentralva.com/2007/02/14/days-on-market-penalties/#comment-2522 [...] There has been some talk again recently about Days On Market (DOM), and the ways in which it may or may not affect transactions, and the lengths to which agents will go to “game the system” and manipulate the DOM. I read a post about it on BloodhoundBlog, and Jim Duncan covered a change in the DOM manipulation penalties for one MLS to which he belongs. Both posts deal with the practice of agents using various techniques to make the DOM for a particular listing appear lower than it actually is. [...] [...] There has been some talk again recently about Days On Market (DOM), and the ways in which it may or may not affect transactions, and the lengths to which agents will go to “game the system” and manipulate the DOM. I read a post about it on BloodhoundBlog, and Jim Duncan covered a change in the DOM manipulation penalties for one MLS to which he belongs. Both posts deal with the practice of agents using various techniques to make the DOM for a particular listing appear lower than it actually is. [...]

]]> By: Julie Emery http://www.realcentralva.com/2007/02/14/days-on-market-penalties/comment-page-1/#comment-2496 Julie Emery Thu, 15 Feb 2007 21:29:22 +0000 http://www.realcentralva.com/2007/02/14/days-on-market-penalties/#comment-2496 I wish it would come to a quick halt, but someone is going to have to report them and I don't see much appetite for that with other agents. I had one agent brag to me about how he was beating the system! And he assured me that everyone is doing it! Julie I wish it would come to a quick halt, but someone is going to have to report them and I don’t see much appetite for that with other agents.
I had one agent brag to me about how he was beating the system! And he assured me that everyone is doing it!

Julie

]]> By: Doug Quance http://www.realcentralva.com/2007/02/14/days-on-market-penalties/comment-page-1/#comment-2470 Doug Quance Wed, 14 Feb 2007 21:24:56 +0000 http://www.realcentralva.com/2007/02/14/days-on-market-penalties/#comment-2470 Geez! They ain't messin' around! Well I guess that nonsense is going to come to a quick halt. :lol: Geez!

They ain’t messin’ around!

Well I guess that nonsense is going to come to a quick halt.

:lol:

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