Thursday, March 04, 2010

If you are for rent and for sale at same time on MLS, does this hurt you?

Another good question from an intersted reader

Hi Mark,

My question is this;

If a residential property is available for lease or sale, whichever occurs first, and is being handled by a real estate agent, is there a tendency for said agent to hold out and discourage the lease prospect if it occurred first in favour of a potential sale at a later date?

I would greatly appreciate a response from you.

Best Regards,


Hello Frank,
Good question. There is no easy answer to this question. There are many factors that this would depend upon, including the motivations of your listing agent. I've noticed that the agents showing properties may shy away from properties that are for sale and for lease as they may think the motivation of the seller is less on the sale. Again, there are many factors.
I like and prefer rental listings so it would not matter to me either way. I want to impress the client with my skills renting their property just as much as if I were selling their property.
Thank you,

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