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Fred Griffin Florida Real Estate, Licensed Florida Real Estate Broker (Fred Griffin Real Estate)

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Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It's the wild west out here.  No rules and Coming Soon riders are fairly common.

Apr 21, 2018 02:54 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

MLS doesn't allow coming soon .... we take coming soon and market it for a few days before it goes into mls....OR we put it in mls and no showings until the first open house event.... that works well... 50 people show up and they battle....

Apr 21, 2018 12:09 PM
Rainmaker
4,572,414
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

We don't have this option. Yet.  I can see lots of possible issues. Of course, I can "see" issues in lots of things outside of "coming soon".

Apr 21, 2018 11:21 AM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

In our FlexMLS (Milwaukee) they do not allow the Coming Soon Status.  They did for a short while ... recently discontinued.

Apr 21, 2018 11:04 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Our MLS added a status called Active Not Showing where days on market don't start until showings start. This gets the word out to agents but not to consumers.

Apr 21, 2018 06:55 PM
Rainmaker
628,914
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

I use it, You can be in the coming soon status for 21 days, then listing must go active or Temp off market. You can not show the property during the CS status. info only available to agents in MLS also

Apr 21, 2018 04:20 PM
Ambassador
5,230,119
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Our Coming Soon is similar, Fred. We have two options (Coming Soon or Certification by Seller to withold listing from CarolinaMLS).

I use the best option for my sellers with every listing. Pre-marketing gets homes sold quicker and for more 90+% of the time. 

I'm a firm believer in this practice and can say I have never doubled up (both ends) on a coming soon listing. I use this time to reach out to top selling agents in my area as well as the online pre-marketing that we are permitted to do with the above document.

I have every single seller sign this document and submit them to our MLS. It's an extra few steps that most agents don't want to take the time to do but, it's highly effective.

Apr 21, 2018 02:21 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Yes we do and it's quite complicated. I actually wrote a post about this last year as to our rules. I don't normally see the purpose of doing so as we cannot market or show any coming soon listings.

Apr 21, 2018 12:42 PM
Rainer
140,560
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

Flex does not allow it right now but I expect it coming at some point. 

 

As for me personally, I do post listings as "coming soon" with the sellers permission, while the seller gets the property ready for market or while waiting for professional photos. 

I do NOT see a problem with coming soon as long as the broker has authority from the seller. 

Apr 21, 2018 05:57 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Yes, but it is not managed.  Agents run amuck with coming soon ... not handled the way Debe Maxwell, CRS does it ... fairly and professionally.

Apr 21, 2018 05:50 PM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Yes, they just added.

Apr 21, 2018 02:59 PM
Rainmaker
911,338
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I occasionally use them, but don't abuse them. we can go up to 21 days. There is flexibilty, and the bottom line is, the sellers choose. Most agents just assume that when they see a " Coming Soon" rider, it means the listing agent is trying to also find the buyer.

Apr 21, 2018 02:49 PM
Rainmaker
7,836,425
Roy Kelley
Retired - Gaithersburg, MD

I have never used coming soon but some agent is our market do use it.

Apr 21, 2018 02:17 PM
Rainmaker
577,750
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Out board  does not allow "coming soon" on our platform and it is frowned upon when agents install a for sale sign with that slogan.  We can post on social media platforms, but not on MLS

Apr 21, 2018 01:14 PM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Yes, we had it maybe 6 mos or more. Lots of reading before you do that. I really don't know anyone that is using it. 

Apr 21, 2018 01:13 PM
Rainer
87,920
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Not yet.

Apr 21, 2018 01:03 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Our MLS allows it. It could be a good thing for your seller.

Apr 21, 2018 12:37 PM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

UGH...

What about coming soon signs?

Eve

Apr 21, 2018 11:07 AM
Rainmaker
1,027,602
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Our MLS implemented the Coming Soon status a while ago;  properties under CS status cannot be shown (in theory), however, given our lack of inventory, it is helpful to know what is coming.  Coming Soon helps build anticipation for the property and I believe shortens days on market. I don't use it, because the property cannot be shown. 

As for those who believe Coming Soon is a way for unscrupulous agents to double end transactions, well, it very well might be but then again, there is no end to what dishonest agents will do, anyway, so I don't have a problem with CS.  I think the people who probably do have a problem with it are more concerned because they didn't get a chance to show it to their buyers.  If sellers are okay with it, then I'm fine with it.

I have sold more than one house off market by knocking on doors and making phone calls in specific neighborhoods where my buyers wanted to live;  in every case, the owners already had relationships with agents, but strongly preferred selling without having strangers in their houses (I am one of those people, btw, having never sold before buying) and transactions were able to be worked out without the property ever going on the MLS.  The sellers set their price, the buyers understood that was the price to keep the property off the MLS and in every case, they were fine with it.  Win/win for everyone. 

Apr 22, 2018 01:21 PM
Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

We can get a signed "delay to post in the MLS" and we're good. We get 48 hours by default. YES I use it, done right, it's a brilliant strategy, but there's a method most do not use. Here's how you can as well...

  

BuyerHunt.com

Apr 22, 2018 10:17 AM
Rainmaker
4,883,242
Richard Weeks
Dallas, TX
REALTOR®, Broker

Our mls does have that feature.  I have not used it.

Apr 22, 2018 10:11 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We used to and for me I believe it is an agent trying to sell it themselves.

Apr 22, 2018 07:51 AM
Rainmaker
758,035
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Our MLS rolled out Coming Soon a couple months ago. There's a plethora of rules. I have not used that status for a listing yet. 

Apr 22, 2018 06:58 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Of course there are rules.

But it is easy to lose sight of the PURPOSE of "Coming Soon."

When the purpose is not recognized, a great many agents become unhappy.

So "What's new?"

Apr 22, 2018 06:14 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Our team uses sign riders...

Apr 22, 2018 05:55 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

We don't have this available in my board.  I think this is a good idea.

Apr 22, 2018 05:50 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not use.

Apr 22, 2018 05:29 AM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Has not been an issue for me, when they are ready I get them listed, no sense waiting around.

Apr 21, 2018 10:58 PM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It is senseless to put the sign unless the home is ready for showing. 

Apr 21, 2018 10:06 PM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

The largest MLS in the state just recently incorporated a "coming soon" policy.  My MLS (2nd largest) does not have a policy at all.  We will put a listing in our company "hidden inventory" or a "coming soon" rider on a sign if the seller authorizes it or wants it done.

Apr 21, 2018 08:56 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Fred,

I have not seen that sign here in Santa Barbara.  A

Apr 21, 2018 11:21 AM
Rainmaker
4,936,716
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I think we have a 3 day minimum

Apr 25, 2018 10:47 AM
Rainmaker
666,639
AJ Heidmann ~ CRS
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert

Fred ~ Here in Northern Virginia, we have a Coming Soon status in the MLS, which has rules different than those for a Coming Soon rider on the yard post.  We have the MRIS/Bright MLS and properties under CS don't syndicate out to the portals, but are visible to agents and their clients have a search set up.  Once a property is CS in the MLS it is not to be shown by anyone, including the listing agent.  The vast majority of agents use it to build some momentum in our low inventory market and I used it very successfully on my last two listings.  Granted, there is always someone that wants to bend the rules and show it early, but those are the minority and we need to self police them out of the industry.

If there is a Coming Soon rider in the front yard, the listing agent can show it to whoever they want and don't have to allow access to other agents, so I think it is more abused.  

Apr 24, 2018 11:33 AM
Rainmaker
5,868,565
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We had this issue a few years ago when our market turned RED HOT.   Three days before actually hitting the market, you can put up the sign and start advertising.   If you have the verbiage in your listing agreement, you can have more days.  BUT, they do caution Listing agents, that it is not in the best interest of your Seller to market only to your sphere.    

Apr 24, 2018 11:21 AM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Our MLS is just initiating it.

Apr 24, 2018 09:47 AM
Ambassador
3,164,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

no we don't and I don't foresee one down the road.  I only use it once I have a listing agreement and only on social media and only prior to home being available in MLS and before showings are allowed to generate interest.

Apr 23, 2018 12:41 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

We do not have Coming Soon as an mls status.

Our mls rules require a waiver, signed by the seller, of the requirement to put the house on the mls with 24-48 hours of obtaining a signed listing agreement.

Apr 23, 2018 11:50 AM
Rainmaker
1,751,129
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

We are allowed to post coming soon signs and listings on the MLS with the seller's permission. The MLS post is supposed to only be seen by Realtors (even though I saw on on Zillow). I've done them on my last dozen or so listings. One sold in a hour. A number sold within 24 hours with multiple offers. They do build anticipation. I don't allow sneak peaks either. Everyone can show on the first day it's on the market.

Apr 22, 2018 07:41 PM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Yes, they do.

 

I don't like Coming Soon signs as the temptation is too high for some agents and buyers.

Apr 22, 2018 05:38 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I was planning to use 'Coming Soon' Fred Griffin - will think again now.

Apr 21, 2018 11:22 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not allowed unless there is a listing contract stating that it is ok per the seller

Apr 21, 2018 09:13 PM
Ambassador
3,854,909
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Our Maryland MLS does have a coming soon status.

Apr 21, 2018 08:44 PM
Rainmaker
519,324
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Our MLS doesn't offer it and it's against our rules to use it on other sites.  In fact, pre-marketing listings is a common complaint resulting in disciplinary actions here. Too often an agent keeps a new listing to themselves to double end it and some companies required that their agents posted in house first, to give their agents an advantage. To my knowledge, both of these practices are now a violation. 

Apr 21, 2018 08:12 PM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 They absolutely don’t allow it !!

Apr 21, 2018 05:16 PM
Rainmaker
5,216,740
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

We did not have it as an option when I was active.

Apr 21, 2018 02:06 PM