To increase efficiency and cooperation by subscribers of the MLS, the Heartland MLS Board of Directors voted last week to adjust the status change timeframe for sold listings to 10 calendar days after the closing date. Heartland MLS encourages users to update all listing status changes as soon as possible, but the former rule for sold status was 14 business days. The new 10 calendar days rule will take effect on June 1.
Historical Heartland MLS data shows that the average time for listings to be switched to the sold status is 3.75 days from the closing date. This research went into the decision-making process to adjust the timeframe from 14 business days to 10 calendar days.
This new timeframe for status changes of sold listings aims to help fellow MLS subscribers to have the most up-to-date information, especially in the low-inventory market. This will also aim to provide more accurate and timely data for appraisal comps.
This will be an official change to the Heartland MLS Rules and Regulations, reflected June 1.
Debbie Thomas • March 18, 2022 at 9:03 am
I wish it was even quicker than that….more like 5 (five) days due to the low inventory. Also, I really miss having the room dimensions on the agent listing sheet which is the first MLS page shown on a listing. Now we have to go to the client version to see room dimensions. My clients like knowing the room dimensions when viewing an active listing. Thank you.
Dan Wilson • March 19, 2022 at 7:21 am
Just to let you know, Appraiser are now being required to measure all single-family homes to ANSI standards and with this a lot of appraisals will show different than what the County and others report. Appraisers measure the outside of the building and subtract any non-living area. I have been suggesting that agent to measure homes to ANSI standards or have a professional do it for them. In some other states it is required that they use this standard, and some MLSs require even showing the sketch in the MLS listings.
Rob Wagoner • March 21, 2022 at 5:18 pm
Hey Debbie, in evaluating the new timeframe many different # of days were discussed and 10 days is what was landed on for the new submission rule. As with all timeframe rules, Heartland MLS suggests the changes be made as soon as possible and no longer than the days listed for the rule. For the best information possible for all agents, entering in sold information as soon as possible will help everyone.
On the room dimension item, if you use the 360 Property View Display and Print Reports, the Rooms and their dimensions are one of the options available and these are Agent reports and not client reports. If you need assistance with these, please let our Tech Support staff know at 913-661-1600 opt. 2 or email@example.com.
Linda Cone • April 14, 2022 at 10:43 am
I agree on room measurements. We provide a floorplan on listings over 200000 with room sizes. It is so helpful plus the location of each room in relation to another.