There’s always something to howl about.

Goodbye, MLS. Hello, CraigsList.com . . .

We had three listings close this week, a new listing going into the MLS, we’re both showing quite a bit, and we had our usual meta-projects — plus The Carnival of Real Estate. It’s been a busy week…

On top of all that, we took one of Cathy’s listings “private”. The house had been MLS-listed, but it wasn’t getting good traction, so Cathy and seller agreed to take it to the kind of hybrid listing we’ve been talking about: Cathy will continue to market the home as an “exclusive” listing, except that the 3% that had been offered as a co-broke through the MLS is now offered directly to the buyer, to be used at the buyer’s discretion.

This is the text from the flyer and the web page:

THE BUYER RULES!

The seller has set aside 3% of the purchase price to be used at the Buyer’s discretion. Use it to pay for a Buyer’s Agent, to reduce your down payment or to defray your closing costs.

I have an idea that there is a certain kind of buyer who likes the idea of going into a transaction without representation as a sort of fetish, the counterpart to the hard-line recidivist FSBO seller. Our challenge now is to find those buyers. Goodbye, MLS. Hello, CraigsList.com…

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