Well, about a month ago I posted about Coming Soon. I was happy last month because I thought that everyone who had a coming soon sign in the yard had to be put into the Multiple Listing System. Turns out – I WAS WRONG! You can have a Coming Soon sign and no listing in the Multiple Listing System OR have it in the Multiple Listing System as Showing Start Date. There still is a gray market people! Buyer and Seller beware!
Sellers, I have yet found this pre-listing to be an advantage for you. It is better in my opinion to wait to actually List the property. Offers prior to listing does NOT necessarily mean you will receive the BEST price. I’m all about getting as many offers on the table as possible to get the best offer for you, the Seller. I like competition and you should too.
Buyers, I’m sorry this market totally stinks for you. Be prepared for multiple offers. Also, be cautious about the Coming Soon sign. Make sure you are always represented by another Realtor®. Dual agency with the same Realtor® can be tricky. It can be done; but, beware of the human component – a.k.a. greed.
Keep yourself safe and be sure you gain a trusted resource to help you with your Real Estate transaction!