rss
0

Using Coming Soon

Coming Soon Overview

The Listing Management System now makes it convenient to manage your pre-market listings through the Coming Soon status. This feature supports the business practice of preparing listings for market, so that you can ensure your Active listings put their best foot forward. You can enter your Coming Soon listing using either the My Listings tab or the Manage Listings tab on the Pro home page. Enter all required listing data to satisfy an agent’s mandatory submission requirement.

Coming Soon Definition: There is a valid listing contract between the seller and the listing broker, but the listing is not ready for market. The listing is in the MLS, but not on market. Coming Soon is not an online exclusion or a draft of the listing.

A Coming Soon property is listed on the MLS with some special rules:

  1. Days on Market (DOM) count does not accrue
  2. Auto emails and print functions inside Matrix are disabled
  3. Syndication options including Internet and VOW are disabled

Coming Soon is a time-limited status. Listings not brought to Active within 30 days will automatically be put into Withdrawn status.

If your seller plans on a longer than 30-day pre-market period the listing should be excluded to avoid any complications.

Add a Coming Soon Listing

To enter a Coming Soon listing, use the Add New Listing button in Manage Listings.


That brings up the Start a Listing screen.

Enter the listing information as you normally would.

When you get to the Listing Details section, choose Coming Soon as the Listing Status. You’ll notice that the List Price and List Date now become Pre Market Price and Pre Market Date.

Please remember that at least one photo must be uploaded within 72 hours of listing the property.

After entering all required information, Submit the listing.

There is no requirement to show a Coming Soon property to other agents or prospective purchasers, though you may do so if you wish.

Manage a Coming Soon Listing

Once you have submitted a Coming Soon property, you have the option to manage it. Click on Coming Soon from the My Listings Dashboard.

At any time you can select any of the folowing actions for your Coming Soon properties:

  1. Manage Photos
  2. Edit Listing
  3. Change Status

To change the status to Active, click the drop down menu next to the listing that says Select an Action. Choose Change Status. You will be able to select Active or Sold. Properties in Coming Soon moved directly to a Sold status will be considered Comp Only.

When the Coming Soon property status is updated, you will receive a congratulations screen.

Viewing All Coming Soon Listings

To see all Coming Soon listings, click the Coming Soon Listings button on the Pro Homepage.

This will take you to a list of all Coming Soon listings. Use the Filter by City menu to narrow down the list. Only cities that have Coming Soon listings are included on the Filter by City list menu.

Comments are closed.