I don’t think it’s the fact that Piggs miss out on the good deals. It’s more that the banks are being misrepresented. I think that agents list on MLS to show their client (the bank) that they are offering it to the public to get the best price. Then they only present the in house offer to the client for review. If the bank is a willing participant, then why would the agent need to list the home on the MLS. I notice that some banks will not review any offers for the first 5 days after being listed. That way the client (the bank) is positive that enough buyers have a chance to make a decent offer. This may be the reason you see some listings that have 6 days of market time but were actually only available for a few hours. I have also tried to contact listing agents to make offers on properties that were listed for less then one full day and have not received any return calls.
