What is a Coming Soon listing? How quickly can you tour one?
Coming Soon listings continue to become more common as the local housing inventory tightens. It causes concern among buyers, sellers and real estate professionals. It has prompted real estate commissions across the country to issue guidance on the topic. Here’s what you need to know to keep informed and to understand all sides of the equation. What’s a Coming Soon listing? A Coming Soon listing refers to a property that is not available for showing or sale until a later date. “Coming Soon” can be a legitimate advertising technique, allowing the owners more time to complete repairs, pack, or otherwise prepare the property for showing or sale. A legitimate Coming Soon listing should truly be unavailable for purchase or showing. Should you be concerned about buying a Coming Soon listing? Listing agents can stir up pre-market excitement by listing a home as Coming Soon. The idea is since there are very few homes for sale, a new listing that is not yet a...