Powered by Blogger.

Followers

Friday, October 14, 2011

Stock in a Multi Listing Environment

Being part of a Multi Listing group of agencies we share our listings on a system with many agents where they can see the specifications of our stock and make appointments to take buyers through. Commission on successful transaction is then shared between Selling and Listing Agency.

The system works well and has a huge advantage for Sellers as it increases the exposure of the listed property to the buying market and agents selling in the area. The system works even better for those properties that are listed at the correct prices! The over priced become stale while all the other are moved from Listed to Sold.

In a market where the stock is limited and qualified buyers are few, the listing price of a property has an even bigger impact as ever before. With all the multi listing agents trying to find properties for their buyers you will be much better off making sure your placed is priced in accordance to the competing stock in the specific area ....... your agent should advise you on resent sales prices and not marketing prices, if not, get another agent.

0 comments: