How do I Reset My MLS Days on the Market?

How do I Reset My MLS Days on the Market?

Are you wondering how to reset your MLS days on the market? You may be trying to keep track of how long a property has been listed or trying to know when to adjust your listing strategies. Whatever the reason, resetting your MLS days on the market is an important task. Fortunately, it’s a relatively simple process that can be done quickly. In this blog post, we’ll show you how to easily reset your MLS days on the market.

Steps to Reset MLS Days on the Market 

Are you a real estate agent or broker who needs to reset the MLS Days on the Market for a property listing? If so, you’ve come to the right place. Resetting the MLS Days on the Market is an important part of the listing process and can be done quickly and easily with the right steps. Here’s a step-by-step guide to help you get started.

  • Determine if MLS Days on the Market Needs to be Reset

The first step in resetting the MLS Days on the Market is to determine if the listing needs to be reset. This can be done by looking at the MLS history of the property. If there have been any changes in the listing status, such as a price reduction, a change in listing agent, or a status change from active to pending, the MLS Days on the Market should be reset. This will help to ensure that buyers are seeing the most up-to-date information about the property.

  • Locate the MLS Listing

The next step is to locate the MLS listing for the property. This can usually be found on the MLS system or through the MLS provider’s website. Once you have located the listing, make sure to verify the accuracy of the information.

  • Assess the Property’s Status

Once you have located the MLS listing, the next step is to assess the property’s status. Is the property still available for sale? Has it been sold? Has the listing been taken off the market? Knowing the status of the property will help you determine if the MLS Days on the Market needs to be reset.

  • Update the Listing Status

Once you have determined the status of the property, the next step is to update the listing status in the MLS system. This can usually be done by updating the status in the MLS listing.

  • Reset the MLS Days on the Market

The last step is to reset the MLS Days on the Market for the property. This can usually be done through the MLS system or through the MLS provider’s website. Once the MLS Days on the Market have been reset, buyers will be able to view the most up-to-date information about the property.

Why is it important to reset my MLS Days on the Market? 

When you list a home for sale, the MLS will automatically start tracking the number of days the property has been on the market. This number is important, as it helps buyers and their agents determine the market demand for a particular property.

If a home has been listed for an extended period of time, buyers may assume the property is overpriced or in poor condition, even if neither is true. Similarly, if a home has been listed for a shorter period of time, buyers may assume the property is in great condition or a great deal, even if that is not the case.

This is why resetting your MLS Days on the Market is so important. Resetting the Days on the Market helps the MLS accurately reflect the current market conditions and ensures buyers have the most up-to-date information when making an offer.

When to reset your MLS Days on the Market

The MLS will automatically reset a home’s Days on the Market when it is temporarily off the market for more than 90 days due to a price change, a change in the status of the home, or a change in availability.

It is also important to reset your Days on the Market in the following situations:

  • If the home is taken off the market for a period of time, such as for staging or renovations
  • If the home is listed and removed from the MLS, then re-listed
  • If the home is listed and taken off the market due to a sale, then re-listed
  • If the home is listed, taken off the market and then re-listed at a higher price

When resetting your Days on the Market, make sure to accurately reflect the status of the home so that buyers and their agents have the most up-to-date information when making an offer.

Why resetting your MLS Days on the Market is important

Resetting your MLS Days on the Market is an important step in the home buying and selling process. It ensures that your home is accurately represented in the Multiple Listing Service and that buyers have the most up-to-date information about your property when making a decision.

When buyers and their agents look to the MLS for information about a particular property, they will assume the Days on the Market accurately reflect the current market conditions and that the seller is motivated.

If your Days on the Market are not accurately represented, the buyer may view your home as a less attractive option compared to similar homes with fewer Days on the Market.

By resetting your Days on the Market accurately and in a timely manner, you will ensure buyers and agents have the most up-to-date information about your home when making a decision. This will help your property stand out in a crowded market and ensure you get the best price possible.

Conclusion

In conclusion, resetting MLS days on the market can be a great way to get your home back on the market quickly. It helps to keep accurate records, which can be beneficial for buyers and sellers alike. Resetting MLS days on the market is relatively easy and can be done with the assistance of a real estate agent, or with the help of the resources provided. With a few simple steps and the help of a reliable source, resetting MLS days on the market can help you get your home show-ready and back on the market faster.