Nov 05, 2024
6198
Here’s what you need to know to achieve a 0 DOM or 0 CDOM for a property:
- Resetting the DOM and CDOM counts requires entering a new listing in MLS.
- Before you enter a new listing into the MLS, you must have a new listing agreement with the seller, which means it is a great time to discuss with the seller whether they want to make changes to the listing—such as a new price, new photos, or new concessions to the buyer.
- Entering the new listing is quick and easy using the Copy Listing function on the Listings menu in BAREIS Plus. Be sure your prior listing is Expired (X) or Withdrawn/Cancelled (W/C) status before you copy into a new listing.
- There is no wait period for a new listing and a new listing for a property that was X or W/C status in MLS will have 0 DOM count. CDOM will not be zero if the new listing is created prior to waiting 31 days. (See #5 to zero out CDOM)
- To create a new listing with 0 DOM and 0 CDOM you must wait at least 31 days to start a new listing in MLS. The listing cannot be copied, saved as incomplete or entered with a future On Market Date before the 31st day. If a property has been X or W/C status in MLS for at least 31 days before a new listing is created, the new listing will have a 0 DOM and 0 CDOM count in MLS.