No pictures for the listing

[Christian Bors]

When scanning the mls or some website like realtor.com, if the property does not have any pictures displayed how should one interpret the situation? Does this mean the property is in horrible shape and I shouldn't waste my time? Should I expect a significant rehab? Or if its a new property, does it mean the realtor simply hasn't loaded any photos yet and will do so in the next couple of days?