Taos Real Estate

There has been a move afoot to decrease the time that a property could be off the Taos real estate market before it could be re-listed as a new listing.  This would get it a new MLS number, obfuscating the cumulative days on market sooner.  In other words, if you've had a property on the market for a year, usually due to over-pricing, you could remove it for three months instead of six, getting a new MLS number and a cutting off of the ability to see the total days on market.

My question is "Why would this be considered?"  It's really quite simple.  Realtors in this association want to make it more difficult for buyers to determine the total amount of time that a property has been listed.  They fear that it will do what it should do, indicate the true listing situation to a potential buyer.  Anytime that a real estate professional advocates ANY practice that hides ANY information from the public that is true and could influence their acitons, IT IS WRONG.

One reason that this was proposed is that there are real estate brokers here who do not have the fortitude to tell their seller clients the truth, or to stick to their pricing convictions.  They continue to list properties at well over the price at which they can sell, mostly out of fear of losing the listing to someone else who will tell them what they want to hear.

Transparency is holding ground, but probably not due to the convictions of local real estate brokers.  A very convincing letter from a local appraiser influenced the continuation of the current six month policy.  I can't say which appraiser, nor will I quote the letter.  However, in letting local real estate brokers know that they might be open to lawsuits for hiding time on market information from their buyer clients, I think the letter did its job.

Please know that, if my buyer client, my sole objective is total transparency of information and getting every bit of knowledge about the property into my buyers' hands before they make an offer.  My clients know and appreciate this fact.  By shedding light on this, I know that I'll eventually get a deal for my clients.  The fact that a deal may fall through due to my due diligence is actually a source of great pride.  As poor as last year's sales were, I am proud to say that at least 50% of my potential buyer side deals never made it to closing due to issues I helped to uncover.

If you want to purchase Taos real estate, you really need to know ALL OF THE FACTS ABOUT THE PROPERTY.

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