Thursday, August 21, 2008

New Real Estate Section in Craigslist

Casual users of Craigslist may not have noticed a change last week to the Real Estate for Sale section. Recently, my bookmark for that section suddenly started showing fewer and fewer listings.
Around August 4, it appears the ‘real estate for sale’ category was split into ‘for sale by broker‘ and ‘for sale by owner‘ buckets.

It's still one of the most popular sites to find real estate for rent & for sale. We have even helped clients who are selling furniture items in their home for sale by uploading them to Craig's list and It worked out great!

There were complaints about the previous real estate for sale section, like, “Why do brokers put their listings here (multiple times), when there is already an MLS?” The new categorization solves that issue if you just want to see owner listings. But when I looked in the ‘by owner’ section today, it seemed rife with spam, foreclosure ‘help’ ads, and other money schemes. Some policing will be needed.

With the split, is Craigslist prepping to charge California brokers to advertise their listings like they do in NYC? We shall see.

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