The “Coming Soon” Listing is Now Available in Fargo-Moorhead

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The Strategic Edge of ‘Coming Soon’ Listings in Real Estate

In the dynamic landscape of real estate, the ‘Coming Soon’ status on home listings has emerged as a game-changer. This anticipatory category signals a property that is poised to hit the market within the next 30 days. It’s a strategic move that’s stirring discussions among industry professionals and altering the traditional trajectory of home sales.

Understanding ‘Coming Soon’ Listings

A ‘Coming Soon’ listing is not yet available for showings or purchase but is advertised to generate interest ahead of its active market debut. This approach offers a sneak peek into upcoming properties, creating a buzz and potentially accelerating the sales process once the listing goes live.

The Advantages

For sellers, the ‘Coming Soon’ label extends the marketing period without accruing days on the market, fostering a sense of urgency and exclusivity. It allows time for home preparations, such as renovations or staging, ensuring the property is showcased at its best.

Buyers benefit from early notice, granting them additional time to prepare strong offers and arrange finances. With less competition, they stand a better chance of securing a property before it’s widely advertised.

The Flip Side

Less Exposure: A “coming soon” listing may not get as much exposure as a regular listing on the Multiple Listing Service (MLS), potentially leading to fewer offers.
Not Listed at Market Value: These homes aren’t always listed at their true market value, which can be challenging for buyers to determine the fair price of the home.
Risk of Dual Agency: There’s a potential for dual agency, where a single real estate agent represents both the buyer and the seller, which can make it difficult for the agent to act in the best interests of both parties.
Pressure to Make an Offer: Buyers might feel pressured to make an offer with limited room for negotiation if few people know about the home.
Limited Buying Pool: Sellers might not be willing to make significant negotiations, limiting the pool of potential buyers.
Potential Fair Housing Violations: If the listing agent tries to find a buyer themselves to get both sides of the transaction, it may limit the number of qualified buyers seeing the home and lead to fair housing violations.
Aggressive Offers: Buyers and their agents can be more aggressive with offers, pushing the seller to make a decision quickly, potentially resulting in the seller missing out on multiple offers and a bidding war that could drive up the price.
It’s important for sellers to weigh these potential drawbacks against the benefits when considering a “coming soon” listing for their property.

 

The Verdict

As the debate continues, what’s clear is that ‘Coming Soon’ listings are reshaping the buying and selling experience. They offer a unique advantage for those willing to navigate the nuances of this emerging trend. Whether it’s a boon or a bust, the ‘Coming Soon’ status is a testament to the ever-evolving nature of the real estate market.

This article reflects the current state of the ‘Coming Soon’ advantage in the home listing category. It’s important to note that the real estate market is subject to constant change, and staying informed about the latest trends is crucial for making savvy decisions.

How To Listing Your Home for Sale at Modern Market REALTORS®

Sell Your Home with Confidence: Trusted Sellers Agents Jim and Shannon

Written by Jim Christl and Shannon Barnum of Modern Market REALTORS® for potential home sellers. We hope their collaborative effort shines through in providing clear and concise information, empowering readers to make informed decisions in Fargo’s real estate market.

 

Fargo Home For Sale

Fargo Home For Sale

Jim Christl
Shannon Barnun
Modern Market Realtors
(701)205-5517

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EXCELLENT rating
Based on 74 reviews
Absolutely wonderful to work with! They went above and beyond to help us find our first home. I would recommend them to anyone!
Dana Witherill
Dana Witherill
25/06/2024
We bought our first home with Jim and Shannon and had an amazing experience! They are so easy to work with, have loads of experience, and are always looking out for our best interest! They brought us so much peace of mind in our first home purchase and would absolutely recommend them to anybody!! Could not ask for a better home buying experience.
Nicholas Johnson
Nicholas Johnson
25/06/2024
Very knowledgeable and helped us though the whole process with professionalism.
Joanne Lenertz
Joanne Lenertz
17/06/2024
Jim and Shannon are professionals that genuinely care about their clients, not just making a sale. I wouldn't trust anyone else with our home buying and selling!
Seth Christenson
Seth Christenson
12/09/2023
Jim and Shannon are THE BEST to work with! They took a chaotic situation and turned it into an organized, thorough, pleasant home buying experience. Their expertise and professionalism is unmatched, and it is very clear that their clients' best interest is a top priority. Highly, highly recommend!
Mariah Christenson
Mariah Christenson
12/09/2023
Highly recommend Shannon and Jim! They were there for us every step of the way, from giving us the best advice prior to getting our home on the market to make sure it was ready to go, to answering our questions at closing. Our house wasn’t even on the market for more than 48 hours and they made sure we knew all our options and got the best deal for us. Always quick response time and always available to us, which was important for us since this was our first time selling a home.
Kayla Balstad
Kayla Balstad
11/08/2023
We have purchased several homes in our lives, but the experience was never as fun and easy as this (final) time with Shannon and Jim. Their response to our request for help with our real estate search was prompt... and off we went! They offered information and advice, with generosity and skill, and then supported us through the whole process. There is no other firm that can beat Modern Market Realtors and we highly recommend them. Jean and Dave Gau
Jean Gau
Jean Gau
29/05/2023
If you are looking for a realtor, Jim and Shannon are the absolute BEST in town, or anywhere in my opinion. It doesn’t matter if it’s day or night or a holiday if you have a question for them or a concern they ALWAYS get back to you. They are also honest and transparent and have so much knowledge about the market. They worked their butts off to find us our dream home and they went completely above and beyond for us. Believe the five star reviews they are amazing people that quickly become friends. From start to finish Shannon will not miss a beat and she will work endlessly to make sure you have everything you need to feel comfortable. I cannot say enough about both of them. Absolutely amazing people and an incredible experience with both of them. We love you guys!
C K
C K
24/06/2022
I've never left a review on anyone or anything, but I have to for these guys. They are beyond incredible! They made buying our house so seamless. They were there for us when we were worried about things, there for us when we needed to get things done, and there for us when we needed advice as well. They genuinely become your friends throughout your time with them because they are good people and care about you. I can't recommend there guys enough! 10/5 stars :)
Jason Knodel
Jason Knodel
24/06/2022

Modern Market REALTORS®
1306 24 ave S
Moorhead, MN 56560
(701)205-5517

Homes For Sale in Fargo ND
https://g.page/FargoRealtors
Commitment, Trust, Knowledge

Jim Christl Real Estate Broker At Modern Market REALTORS® and contributing Real Estate Writer for many years.

Jim Christl, Real Estate Broker At Modern Market REALTORS® and Contributing Real Estate Writer.