New Listing! (Sort Of)
Agents are pulling houses off the market and then presenting them as new offerings
"He pulled the house out of the regional database of active listings and then immediately reinserted it, changing the property ID number used to track properties over time. "
"The result: The house appeared to be hitting the market for the first time. "
""It's in the best interests of my client [the seller]," Simone said in a November interview. "I started doing it consistently this year. I do it as much as I can."" Full Article.
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3 comments:
^ Looks like you've got a spammer ^
I've seen a lot of 'relisted' properties in the small area of Vancouver I've been tracking. Most expired or were pulled off the market in 06 and are now showing up as 'new'.
Its unfortunate that the MLS public system doesn't let you see the listing history of an address within the last year.
I will get rid of the SPAM, Thanks.
As for RE Shenanigans. I am starting to wonder how much of this goes on in Canada. Probably more than we think. There should be a neutral third party in control of MLS.
Completely agree. It'd be great to get more negative press on how those with vested interests in RE manipulate the public. They talk about how great RE is, but don't share all the facts. Yet, for most, it the largest purchase of their life (until they up-size). More negative/informed Press!
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