MLS info – Correct information is helpful..

I am constantly surprised at some of the things that are in, or left out of, an mls sheet. In one of the neighborhoods I watch closely, there is a home that, in my opinion, was listed approximately $100k over “market value.” This was 5 months ago. Nice home, good area, upgraded tastefully etc but I think the agent either let the seller’s dictate the price, or did not know the area. After a couple of months on the market, in the “realtor remarks,” the listing agent mentions 2 “comps” to try and justify their price. One “comp” she lists a sales price from well over a year and ago. Since that time, the home has been re-listed at $200k LESS than the price she mentions!! Her other “comp” mentions that a home is “under contract” at over 100k more than her list price and says it “does not come up under the same subdivision.” The problem is.. The home doesn’t come up in the subdivision because it is NOT part of the subdivision! Different product in a DIFFERENT subdivision and justifiably in a higher price range than her listing. Do agents really think people don’t know or won’t check on these things? Is this agent really representing her clients best interest?

In our market, we don’t need more over priced inventory… Sorry, just wanted to vent a bit. 🙂

One of the biggest things I take pride in is the fact that I am honest with buyers and sellers. If you have any real estate related questions, please feel free to contact Nick Bastian at any time!
Or, click this link if you would like to search the mls.

About Nick Bastian

Nick Bastian is a 25 year veteran of the real estate industry and enjoys his career very much. Nick is always available to "talk shop" with anyone that may have real estate related questions. "Just Call Nick" at 602-803-NICK (6425) - he's glad to help.
Nick can also be found over on the Phoenix Real Estate Guy blog and on Twitter or out and about in the community making friends and having some fun.

Comments

  1. Ashley Drake Gephart says:

    Vent away! I have to agree with you completely on this one. Don’t use homes from other neighborhoods, old sales, old appraisals, etc. Price right and then you don’t have to justify your pricing.

Speak Your Mind

*