[quote=no_such_reality][quote=SD Squatter]With San Diego inventory at all time lows, I find it disturbing that short-sale flopping is still happening right in the open:
1-minute midnight listing at way-below market price marked pending check!
Crappy pictures with discouraging description check!
Agent not answering phone, nor accepting other offers check!
Listing agent also representing the buyer check!
The bank not giving a … about it check!
When will it stop?[/quote]
let’s re-examine this. What’s a one minute midnight listing? That fact that the thing goes live on MLS at 12:01AM data X/Y/Z? That’s when they go live. or are you saying, it was up for one minute?
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It was listed and immediately marked pending.
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Way below market price? Not really, it looks to be about 15-20% below already rehabbed sales that occurred. That’s not way below, that’s reality on being 30 years dated.
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The “reality” should be discovered by the open market, this is just speculation. But this was not to be.
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crappy pictures and discouraging description. IMHO, I can see plenty in the crappy pictures to guess this is a vintage 1978 home. Jewel in the rough, IMHO, is likely a compliment.
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Posting crappy pictures is also a good short-sale strategy to discourage bothersome potential buyers.
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Agent not accepting other offers. Can’t help you there, when did you call and how much cash were you throwing? Frankly, a smart agent would know this home and seller really need a seasoned rehabber to sell.
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Voicemail full (over several days, starting the day it was listed). Finally:
“Sorry, we are not accepting any more offers.”
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bank not caring. Actually, not a bank sale would be my guess. There’s no way it would sell in 9 days if it was. likely was an equity seller.
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I guess the equity seller didn’t care much about the equity, but still cared enough, that he forced the agent to bother making a crappy listing just to pretend that the seller did care.
