Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822)

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Rainmaker
5,118,644
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

that pending sale price cannot and should not be disclosed until after closing.....if the deal falls through, it will compromise the seller....

Jul 12, 2015 09:06 AM
Ambassador
1,265,299
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I tell them Patience is a Virtue -  wait for it!

Jul 12, 2015 08:39 AM
Ambassador
1,770,095
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

It is unethical to mention the price and I have never violated that with my clients Kathleen.

Jul 12, 2015 11:33 AM
Ambassador
4,301,228
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Kathleen Daniels - this is simple. Ask them if they will share the selling price of their pending listings. (Now some of them may say 'yes' - tell them you have a different policy on that, you don't share it until it is closed!)

Jul 12, 2015 09:06 AM
Ambassador
3,983,674
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Nope. I do not share and don't think it is in my seller's best interest in case the sale should fall out. When it closes I am happy to share because it is public record.

Jul 12, 2015 01:00 PM
Rainmaker
1,717,953
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Sorry - sellers have asked me not to reveal that - or " You know I can't answer that." 

Jul 12, 2015 12:03 PM
Rainmaker
698,927
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

HA HA HA, you know I can't tell you that.

Jul 12, 2015 11:01 AM
Ambassador
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

I simply say that sales prices are not disclosed until the transaction is complete and it's posted in the MLS.

Jul 12, 2015 10:40 AM
Rainmaker
5,501,993
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I would tell them that the sales price will be posted after the settlement takes place. This is confidential information that should not be disclosed.

In the real world, we know that agents talk too much and this information is often shared.

Jul 12, 2015 10:14 AM
Rainmaker
633,956
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

"Sorry but as you know it is a violation for me to reveal that information."

Jul 12, 2015 10:12 AM
Rainmaker
2,826,286
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I do not provide the information. I say I am not at liberty to discuss that with you or anyone. You will know when it closes and the information becomes public record. 

Then I will get the question:  Did it sell for over asking price? 

It just does not end.  I just had an agent go through that drill with me.  She said, "so you don't know." 

Gheez, of course I know.  Head bangers for sure.

As so many of you point out, it should not be disclosed. If the sale does not close then not only may the seller be compromised, as Barbara Todaro points out ... but people will be making decisions on what may be false data.  Either way, not good.

 

Jul 12, 2015 09:29 AM
Rainmaker
758,722
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Sellers told me not to disclose until after settlement.

Jul 12, 2015 09:03 AM
Rainer
230,518
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

i dont mind them asking, i know my 14 yo wants to go the rock concert by himself. But both answers are no. I would ask them, how much are YOU willing to offer in a backup offer?  :)

Jul 12, 2015 08:43 AM
Ambassador
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

"I can't disclose that until the home is actually sold."

Besides, who knows when a deal may fall through and if I tell them that price, I won't get anything better from them.

Jul 12, 2015 08:41 AM
Rainmaker
1,367,444
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

"I cannot disclose the sales price until after closing".  They shouldn't even be asking.   

 

Jul 12, 2015 08:34 AM
Rainmaker
1,094,363
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

In this area, that info is NEVER divulged until it closes - then they can see it in the MLS.  I can't swear that all agents handle it this way, but that is the correct thing to do to protect the seller.

Jul 12, 2015 08:33 AM
Rainmaker
3,857,201
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I definitely do not disclose the sales price when my listings are pending. The sales price should not be disclosed because if the transaction falls apart it could compromise the seller. It is unethical to disclose the price until the home has closed and funded!

Jul 12, 2015 09:43 PM
Rainmaker
3,127,190
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would never discuss details of an existing contract or offer with another agent.

Jul 12, 2015 09:35 PM
Rainer
274,478
Chris Lima
Atlantic Shores Realty Expertise - Port St Lucie, FL
Local or Global-Allow me to open doors for you.

Being that the property isn't "sold" there isn't a sales price and of course the contract price means very little if the sale doesn't close and for that reason "mum's the word" because dislcosing dollar amounts could cost the seller if the deal fall through.

 

Jul 12, 2015 09:20 PM
Rainmaker
2,282,317
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Kathleen. I would just say that the at the sellers request, you have been asked not to share the price.

Make it a great week!

Jul 12, 2015 08:25 PM
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I don't tell them. That's none of their business. 

Jul 12, 2015 03:59 PM
Rainer
198,607
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

I will tell them the list price and remind them that there is no selling price until the property has closed.  You can't tell them  contract price.  What if the contract falls through? 

Jul 12, 2015 01:36 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Tell them you will let them know after closing and not until then.

 

Jul 12, 2015 01:22 PM
Rainer
114,223
Penny Brockway
Brockway Realty - League City, TX

I agree with Barbara Todaro.  If the deal falls out, this could give the next in line bargaining power knowing what the Seller was willing to accept.

Jul 17, 2015 11:54 PM
Rainmaker
281,718
Nancy Robinson Ranked #6 in MI
Century 21 Town and Country - Royal Oak, MI
#11 Century21 Realtor in the US, #16 in the World

I just simply ask them if they are new to real estate.   That usually does the trick.

Jul 16, 2015 10:49 AM
Rainer
213,235
Marla Yost
Marla Yost Team- Keller Williams Realty - Arlington, TX
The Marla Yost Team

I just tell them I can`t give out that info.

Jul 14, 2015 08:11 AM
Rainer
3,070
Janis Dubin
Settle Down Philadelphia - Philadelphia, PA
Buy, Sell, Rent. Local, Fresh, Committed.

Thanks for your interest.  I can't disclose the sales price until settlement.  If you have an interetested buyer, I can notify you if the deal falls through.  

Jul 13, 2015 11:08 PM
Rainmaker
3,050,167
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Here in NH you can not disclose the pending price until it is sold. Then it is public knowledge, 

Jul 13, 2015 10:22 AM
Rainer
65,474
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

I do not get that question for other agents.  I get that question from buyers wanting to know what the buyer paid prior to closing.  I tell them I do not know as that is private information until they close.

Jul 13, 2015 10:00 AM
Rainmaker
820,770
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Like most have said, don't ask, don't tell.  Until it's closed, it's irrelevant anyway.  

Jul 13, 2015 09:54 AM
Rainmaker
3,425,372
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

They can ask and I understand(I've done it too) but when I represent the seller --- it's lips sealed until closing.

Jul 13, 2015 09:37 AM
Rainer
120,240
Heidi Kelley
Keller Williams Realty Leading Edge - East Providence, RI
Your Rhode Island Real Estate Connection

My response is "the transaction hasn't closed as of yet. Once it does I'll be happy to discuss price with you then."

Jul 12, 2015 11:57 PM
Rainmaker
2,433,092
Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

 In response,  would simply say that I can not disclose that information at this time.

Jul 12, 2015 11:52 PM
Ambassador
2,081,169
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

That is a simple answer: the sales price will be made public AFTER the property has closed. That has not happened yet.

Jul 12, 2015 10:39 PM
Rainer
208,376
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

I don't get those calls often so I just tell them I can't tell you that. If they came in frequently I'd consider reporting the agent. But it's not where near that point yet.

Jul 12, 2015 10:30 PM
Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It would not serve your listing client very well to let it be known because if the contract falls out you just compormised their bargaining power.

Jul 12, 2015 10:08 PM
Rainmaker
353,754
Blatt + Cutino
Keller Williams Coastal Estates - Monterey, CA
Broker-Associate 831/206-8070*Call today*

"Thanks for your call and as soon as it closes I will let you know"...some try to play the guessing game and name a number and ask if they are close! Appraisers sometimes do the same. In our tight market this is happening often.

Jul 12, 2015 10:04 PM
Rainmaker
3,211,025
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't get that question from agents or appraisers, as they know we will not provide that information until closing. The most I get is a question that asks if we got close to asking price.

Jul 12, 2015 10:01 PM
Rainmaker
1,157,274
FN LN
Toronto, ON

We don't have a "pending" status in our MLS.  In any event, the sales price for residential listings in the MLS is required to be posted within a specified period of time so the other agents can be referred to the MLS listing.

Jul 12, 2015 05:14 PM
Rainer
8,097
Adam Elswick
Keller Williams Premier Ohio Sales Team - Brunswick, OH
Just call Adam

You tell them that your fiduciary duty is to the seller and to act in THEIR best interest...and their best interest is to tell you to wait until it becomes public record.

Jul 18, 2015 02:16 PM