What does coming soon mean?
Coming soon is a listing status that means that the house is not yet on the market but will be on the market usually within 3 weeks, according to Redfin. Buyers who are interested in the building can have a chance to review it before it gets on the market. In addition, real estate agents might look at the house and see if it matches their clients’ requirements.
Benefits of coming soon listings
Coming soon listings have a lot of benefits to buyers, sellers, and real estate agents.
A. Benefits to real estate agents
As a real estate agent, your main goal is to find the best house that fits your clients’ needs. This becomes very difficult in a very competitive market. Being the first one to find a property gives you a chance to evaluate the house and show it to your clients before anyone else.
Your clients can also buy the property before it gets on the market. This way, you will get your commission fast and move on to working with other buyers.
B. Benefits to the seller
The main goal of a home seller is to sell the house at the best price possible. Putting the house on the market ahead of the official listing time will give you a chance to attract motivated buyers.
This will increase your chance to sell the house faster and probably score a big price on it.
C. Benefits to the buyer
Shopping for a house is not an easy task especially in a seller’s market. By the time you find a house that you are interested in, it gets bought right away before you even make a call. In addition, the competition among buyers increases home prices. This is why it is always difficult to buy houses in the seller’s market.
It is possible to evade the competition by looking into coming soon properties. You can work with your agent and buy the house before it comes on the market. This will save you time and money.
