“Coming soon” listings on Zillow are a hot topic in the industry. How do you feel about them? Take our poll and voice additional opinions in the comments below.
Do you think "coming soon" listings will help or hurt agents?
- Help (50%, 3 Votes)
- Hurt (50%, 3 Votes)
Total Voters: 6
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I do not think they help. I think they fool the public. I think it borders on gimmicky. I think high-end buyers, $1,000,000 plus think erroneously that they are getting some sort of deal
If anything, it is hurting the Seller with limited exposure. At the end of the day, a properly educated buyer or seller is using their agent’s knowledge of market value backed up by stats via their MLS data that ultimately determines the meeting of the minds for a sales contract to be executed at fair market value.
I think a shared multiple listing service, such as MRED LLC, in decimating all listings to all agents simultaneously keeps everyone on the same footing and is fair to all parties: sellers, buyers, agents.
Alexis Eldorrado
http://www.Eldorrado.com
Recognized as One of the Top 50 Agents in the US – RISMedia July 2005
Just recently Zillow scared my client by an email suggesting her property value was falling below $100,000. She called me in a panic, I looked in the Mls and the value was significanly higher than $100,000. The public is hanging on every word from Zillow. The impression left, “you don’t need a Realtor” use us instead!