Real Estate Listing Games That Should be Illegal

Actual remarks from the Arizona Regional MLS, buried in the “private” remarks section:

Approved at $60,000 ON A SHORT SALE.

Good enough. Except for one small detail. The home’s listed for sale at $49,000, a price reduction authorized by the seller and entered by the listing agent in March.

But here’s the best part, also from the remarks …

Please provide comps to support any lower offers.

Huh?

Let me get this straight. If a buyer wanted to submit an offer below the approved price, say at, oh, I don’t know … list price, for the sake of argument … the onus is on the buyer and the buyer’s agent to provide comps to justify using the same price the seller chose?

What did the seller and listing agent do, throw a dart at a dartboard? (Wait a minute. Come to think of it, that’s pretty much exactly what they did and what many short sale listing agents do.)

If only this was being handled by a distressed property expert, maybe we wouldn’t see these kind of silly games.

Oh wait …

Short sale managed by CDPE

Photo credit: Vaticanus via Flickr Creative Commons

About Jonathan

Jonathan Dalton is a 30-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.