I had the opportunity to attend a Broker's Forum at the NWAOR offices recently. The featured guest was a gal from the WFRMLS offices who wanted to talk about the latest changes coming to our MLS system.
One of the most interesting topics she mentioned was a change to MLS policy that will allow for sales prices to be unpublished. I thought this was intriguing. Since the one of the major missions of the MLS is to provide coherent data to help the market function in a smooth and efficient way, the transparency of reporting sales prices would seem to be one of its most basic services. Well, as it turns out, some sellers don't want the sales price of their property to be reported. Perhaps its a family estate issue; or, perhaps there is a rock star who is selling their home to another celebrity and they don't want the price to be known.
Regardless of the circumstances, the MLS will soon be allowing a sales price to be undisclosed. The catch is that it can be done for the nominal fee of just $500. So, you had better really not want to report that price. If MLS members are caught evading this rule by 'withdrawing' a listing rather than paying the fee, they will be fined $1,500.
In my 10 years in the business, I have never had a client request that their sales price be undisclosed. But, I have never worked with rock stars or contentious family estate sales either (but I have had many experiences working with amicable estate sales). I guess there is a first time for everything though.
If you are a rock star, executor of a family estate, or just someone who wants to sell their property, CONTACT ME, and lets make the real estate market work for you...whether you want to disclose the final sales price or your home or not.
1 comment:
I'd see the value in being that the buyer talks $ first. "He who talks $ first, loses." Obviously this may not be true in this context.
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