Comments on: Broker Gets MLS Grief For Listing $1 House For Sale http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/ Wed, 3 Dec 2008 03:24:30 +0000 http://wordpress.org/?v=2.3 By: SpencerBarron.com » Blog Archive » So it’s worth $500k, how much will you give me for it? http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-167836 SpencerBarron.com » Blog Archive » So it’s worth $500k, how much will you give me for it? Mon, 17 Dec 2007 19:36:05 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-167836 [...] while back I had a discussion about pricing over on the Sellsius blog.  The author suggested that you could get a better price by not actually anchoring the final [...] […] while back I had a discussion about pricing over on the Sellsius blog.  The author suggested that you could get a better price by not actually anchoring the final […]

]]> By: sales letter writer http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-81645 sales letter writer Sun, 06 May 2007 21:22:38 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-81645 These are really great posts. I appreciate your sharing this stuff with us and providing an open forum for comments. Very Web 2.0 ! These are really great posts. I appreciate your sharing this stuff with us and providing an open forum for comments. Very Web 2.0 !

]]> By: Carnival of real estate at Three Oceans Real Estate http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-32311 Carnival of real estate at Three Oceans Real Estate Sat, 16 Dec 2006 04:32:04 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-32311 [...] The Sellsius boys handed the microphone to Evan Kane, who explained the grief he got when he listed a property for $1 as a way of attracting attention to it.  Creativity is indeed frowned on in this business…but my big question is whether the standard listing contract in his area obliges the seller to pay the commission if the agent is able to produce a living buyer who puts in a legitimate full price offer — even if the seller rejects the offer. [...] […] The Sellsius boys handed the microphone to Evan Kane, who explained the grief he got when he listed a property for $1 as a way of attracting attention to it.  Creativity is indeed frowned on in this business…but my big question is whether the standard listing contract in his area obliges the seller to pay the commission if the agent is able to produce a living buyer who puts in a legitimate full price offer — even if the seller rejects the offer. […]

]]> By: Tripti Kasal http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27418 Tripti Kasal Tue, 12 Dec 2006 18:02:05 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27418 Evan: There you go again - thinking outside of the box! Once again our local MLS and Boards are proving that they have forgotten that they exist to help us serve our clients; not to police us and our clients to make sure that we "behave" the way that old school real estate agents believe we should. Your client has the right to market the property in any way he chooses and effective marketing is all about standing out in a crowd. Good job and good luck with the listing! Evan:

There you go again - thinking outside of the box!

Once again our local MLS and Boards are proving that they have forgotten that they exist to help us serve our clients; not to police us and our clients to make sure that we “behave” the way that old school real estate agents believe we should.

Your client has the right to market the property in any way he chooses and effective marketing is all about standing out in a crowd.

Good job and good luck with the listing!

]]> By: Sadie’s Take on Delaware Ohio » Blog Archive » Can’t Stop Going to the Carnival http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27402 Sadie’s Take on Delaware Ohio » Blog Archive » Can’t Stop Going to the Carnival Tue, 12 Dec 2006 15:49:09 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27402 [...] Another mention needs to head out to Sellsius’ Open Mic entry “Broker Gets MLS Grief For $1 Listing” which was the post that spawned my two winning posts. [...] […] Another mention needs to head out to Sellsius’ Open Mic entry “Broker Gets MLS Grief For $1 Listing” which was the post that spawned my two winning posts. […]

]]> By: 12/12/06: The Real Estate Countdown at Derek Sterling Burress http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27321 12/12/06: The Real Estate Countdown at Derek Sterling Burress Tue, 12 Dec 2006 05:40:53 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27321 [...] In the fifth position is an article which I saw earlier this week which by luck also made it on this week’s carnvial of real estate. According to an article on Sellsius Real Estate Blog, Illinois broker Evan Kane has struck a nerve with his fellow brokers by listing a home for sale on his local MLS for a single dollar. Of course, everyone with half a brain knows they aren’t getting a house for a single dollar, and Kane even went to state in the listing that the home being offered wasn’t really being sold for a “George Washington” but his seller instead wanted prospective buyers to make them an offer instead however, according to Kane’s MLS rules, “every listing must have a listing price number,” which if you ask me, only limits the seller from being able to get the best offer possible for his or her home. Having a fixed dollar amount listed kind of sets a ceiling for what one might offer as every buyer’s agent out there knows that if their client makes an offer equal to the amount listed, there is a good chance that their client is going to be moving into a new home sooner or later. Asking that prospective buyers make an offer in my mind is a good idea as it not only increases the competion among propsective buyers, but also gives the seller a pretty good idea as to what his or her home is really worth on the market in the eyes of the buyers themselves. Of course, having propective buyers to submit their best offer might even be a help the agents themselves as if the seller doesn’t accept any of the offers, the agent can then turn around and have a pretty good idea as to what type of homes other buyers are looking for in the area and what price they are willing to pay for a similar house and can then turn around and find similar homes in which that buyer might be interested in making another offer on. [...] […] In the fifth position is an article which I saw earlier this week which by luck also made it on this week’s carnvial of real estate. According to an article on Sellsius Real Estate Blog, Illinois broker Evan Kane has struck a nerve with his fellow brokers by listing a home for sale on his local MLS for a single dollar. Of course, everyone with half a brain knows they aren’t getting a house for a single dollar, and Kane even went to state in the listing that the home being offered wasn’t really being sold for a “George Washington” but his seller instead wanted prospective buyers to make them an offer instead however, according to Kane’s MLS rules, “every listing must have a listing price number,” which if you ask me, only limits the seller from being able to get the best offer possible for his or her home. Having a fixed dollar amount listed kind of sets a ceiling for what one might offer as every buyer’s agent out there knows that if their client makes an offer equal to the amount listed, there is a good chance that their client is going to be moving into a new home sooner or later. Asking that prospective buyers make an offer in my mind is a good idea as it not only increases the competion among propsective buyers, but also gives the seller a pretty good idea as to what his or her home is really worth on the market in the eyes of the buyers themselves. Of course, having propective buyers to submit their best offer might even be a help the agents themselves as if the seller doesn’t accept any of the offers, the agent can then turn around and have a pretty good idea as to what type of homes other buyers are looking for in the area and what price they are willing to pay for a similar house and can then turn around and find similar homes in which that buyer might be interested in making another offer on. […]

]]> By: Active Rain Picks Carnival Winners at sellsius° real estate blog http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27184 Active Rain Picks Carnival Winners at sellsius° real estate blog Tue, 12 Dec 2006 01:55:56 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27184 [...] Active Rain hosted the Carnival of Real Estate this week and we were pleased Sellsius made the top ten with Illinois broker Evan Kane’s Open Mike post Broker Gets MLS Grief for Listing $1 House for Sale. Submit your rant or rave to Open Mike and you may make it to the Big Top. Sellsius is an equal opportunity blog—you don’t even have to be a registered blogger to speak your piece. Come on readers, take this blog for a spin. [...] […] Active Rain hosted the Carnival of Real Estate this week and we were pleased Sellsius made the top ten with Illinois broker Evan Kane’s Open Mike post Broker Gets MLS Grief for Listing $1 House for Sale. Submit your rant or rave to Open Mike and you may make it to the Big Top. Sellsius is an equal opportunity blog—you don’t even have to be a registered blogger to speak your piece. Come on readers, take this blog for a spin. […]

]]> By: Toby & Sadie http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27176 Toby & Sadie Tue, 12 Dec 2006 00:42:36 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27176 I'm going to side with Sandra on this one, we are going to have to agree to disagree. This is a nice "publicity" stunt and its worked for you - kudos. However, I won't be using it. I’m going to side with Sandra on this one, we are going to have to agree to disagree.

This is a nice “publicity” stunt and its worked for you - kudos.

However, I won’t be using it.

]]> By: Gabriel Silverstein http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27069 Gabriel Silverstein Mon, 11 Dec 2006 15:35:52 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-27069 I was not aware that MLSNI has an anti-range pricing policy and if they do I believe it to be a violation of the Sherman Antitrust Act and a blatant refusal to allow the same thing Evan is doing - following the client's wishes and direction which is what the COE requires as well. While I hear Evan's response on missing bracketed searches (between $X and $Y where $X is > $1), I think that's the biggest problem - why not go on the low end of the desired sale price scale and make the same disclaimer in the notes about B.O. pricing? That might get a better search relevance, especially from agent-driven searches on the MLS. That is more effectively a range pricing strategy, done a different way. If it's B.O., what's the time frame the offers come in over before the seller HAS to accept the highest in place offer (legally) and how does this (vs. traditional range pricing) not create a problem that I can just show up with a contingency-free contract at $1 and the seller doesn't HAVE to sell to me (which is what a full-price offer requires essentially)??? I was not aware that MLSNI has an anti-range pricing policy and if they do I believe it to be a violation of the Sherman Antitrust Act and a blatant refusal to allow the same thing Evan is doing - following the client’s wishes and direction which is what the COE requires as well. While I hear Evan’s response on missing bracketed searches (between $X and $Y where $X is > $1), I think that’s the biggest problem - why not go on the low end of the desired sale price scale and make the same disclaimer in the notes about B.O. pricing? That might get a better search relevance, especially from agent-driven searches on the MLS. That is more effectively a range pricing strategy, done a different way.

If it’s B.O., what’s the time frame the offers come in over before the seller HAS to accept the highest in place offer (legally) and how does this (vs. traditional range pricing) not create a problem that I can just show up with a contingency-free contract at $1 and the seller doesn’t HAVE to sell to me (which is what a full-price offer requires essentially)???

]]> By: Carnival of Real Estate, Round 22 at The Phoenix Real Estate Guy http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-26951 Carnival of Real Estate, Round 22 at The Phoenix Real Estate Guy Mon, 11 Dec 2006 09:18:37 +0000 http://blog.sellsiusrealestate.com/residential-real-estate/broker-gets-mls-grief-for-listing-1-house-for-sale/2006/12/05/#comment-26951 [...] An “open mike” post by Evan Kane Broker Gets MLS Grief For Listing $1 House For Sale over at the Sellsius Real Estate Blog provides and interesting description and thoughts on one brokers attempt to generate more attention for his listings. [...] […] An “open mike” post by Evan Kane Broker Gets MLS Grief For Listing $1 House For Sale over at the Sellsius Real Estate Blog provides and interesting description and thoughts on one brokers attempt to generate more attention for his listings. […]

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