Yep you are right about the other realtors using the 700k as a comp and that really does stink. The home is definitely the 7943 address. It was listed with Coldwell Banker in the fall for 120 days at 669-689k. The listing expired and got relisted with Coldwell at 689k.
Now here is where it gets bad. The day before the agent moved the home from active to pending status, he repriced the home. So that is something that raises my eyebrows.
So really what you should ask the seller is this (as I did not doubt what you were saying was true)…
1 – Did the realtors know about this out of escrow transaction?
2 – Did the appraiser and mortgage broker know about it?
3 – Was it mentioned anywhere in escrow?
I would imagine at least answer 1 will be yes which is pretty darn sad. The seller is lucky to find a buyer who is such an idiot.
