Knowledgebase
Variable Range Listing Calculator
Posted by Gary Bild on 15 July 2015 01:42 PM

 

With the newly established Variable Range Listings MLS Rules and Guidelines. What are the Minimums / Maximums I can Vary my price? 

 

Here are two simple calculations:

 

Have you established your HIGH list price? What's the lowest you can go in a variable situation in the Sandicor MLS. 

 

Multiply your established  "High List Price" X .80 = the lowest list price allowed.

 

OR

 

Have you established your LOW list price? What's the highest you can go in a variable situation in the Sandicor MLS.  

 

Multiply your established  "Low List Price" X 1.25 = the Highest list price allowed. 

 

New rule: 

7.11.2 Variable Range Listings

 

The Mandatory Remarks field will be automatically populated with the value range pricing upon entering Yes in the Value Range field during the input process. The list price range stated in the MLS, must be within the range the sellers are willing to entertain, as included in the listing contract and any amendments thereto. In all cases, the default List Price shall be the high end of the range and the low end of the range can be no less than 80% of this price. Statistics, CMAs and Hot Sheet updates are based on the High List Price. Price range may be included in the Remarks and Advertising Remarks sections within the MLS listing.

 

Here are some helpful VRL tips:

  • To determine the existing difference in a value range listing, the low list price would be divided by the high price.
  • If there is a high price established, multiplying the high price by .8 will determine what the low list price could be if the full 80% is going to be utilized.
  • If a low list price is established multiplying the low list price by 1.25 will determine what the high list price could be if the full 80% is going to be utilized.
  • The difference between the high and the low price can be anywhere in between the range stated in the rule.
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