[SD Realtor]

sdr dont you think something is missing here? I mean the listing history does indicate it was on the market as an active listing for awhile before marked as contingent and then marked down.

Given the nature of the buyers pool for this particular area, as well as the familiarity of the area with local agents, it would seem the listing brokerage is running a hell of a risk to double end this home with respect to someone filing a complaint and raising a fuss.

I am not saying this transaction is not problematic but given this environment, lack of inventory of quality and buyer demand for such a home indicate to me that something is being missed here.

[SD Realtor]

sdr dont you think something is missing here? I mean the listing history does indicate it was on the market as an active listing for awhile before marked as contingent and then marked down.

Given the nature of the buyers pool for this particular area, as well as the familiarity of the area with local agents, it would seem the listing brokerage is running a hell of a risk to double end this home with respect to someone filing a complaint and raising a fuss.

I am not saying this transaction is not problematic but given this environment, lack of inventory of quality and buyer demand for such a home indicate to me that something is being missed here.

[SD Realtor]

sdr dont you think something is missing here? I mean the listing history does indicate it was on the market as an active listing for awhile before marked as contingent and then marked down.

Given the nature of the buyers pool for this particular area, as well as the familiarity of the area with local agents, it would seem the listing brokerage is running a hell of a risk to double end this home with respect to someone filing a complaint and raising a fuss.

I am not saying this transaction is not problematic but given this environment, lack of inventory of quality and buyer demand for such a home indicate to me that something is being missed here.

[SD Realtor]

sdr dont you think something is missing here? I mean the listing history does indicate it was on the market as an active listing for awhile before marked as contingent and then marked down.

Given the nature of the buyers pool for this particular area, as well as the familiarity of the area with local agents, it would seem the listing brokerage is running a hell of a risk to double end this home with respect to someone filing a complaint and raising a fuss.

I am not saying this transaction is not problematic but given this environment, lack of inventory of quality and buyer demand for such a home indicate to me that something is being missed here.

[SD Realtor]

NSR stop making sense. The problem here is that you are dealing with the reality of the situation in a competitive market place. That the bottom line is if there is something out there that you think works for you, ESPECIALLY in as tightly a constrained area as researcher described, then it seems like you should be going after it with guns blazing immediately. If this home is such a steal then it would seem that even at 800k or close to 850k they would have had many many offers. In a situation like that it seems pretty brazen for the agent to shun all those offers in order to take a 720k plus cash to the second offer. There would be a substantially high risk that one of those shunned people would indeed have a well documented offer and then put in a complaint.

Something is not quite adding up here.

Researcher did you call the day it was listed and offer something close to the 850k listing price? Given the neighborhood wouldn’t that listing price at least be considered in the neighborhood of fair value?

[SD Realtor]

NSR stop making sense. The problem here is that you are dealing with the reality of the situation in a competitive market place. That the bottom line is if there is something out there that you think works for you, ESPECIALLY in as tightly a constrained area as researcher described, then it seems like you should be going after it with guns blazing immediately. If this home is such a steal then it would seem that even at 800k or close to 850k they would have had many many offers. In a situation like that it seems pretty brazen for the agent to shun all those offers in order to take a 720k plus cash to the second offer. There would be a substantially high risk that one of those shunned people would indeed have a well documented offer and then put in a complaint.

Something is not quite adding up here.

Researcher did you call the day it was listed and offer something close to the 850k listing price? Given the neighborhood wouldn’t that listing price at least be considered in the neighborhood of fair value?

[SD Realtor]

NSR stop making sense. The problem here is that you are dealing with the reality of the situation in a competitive market place. That the bottom line is if there is something out there that you think works for you, ESPECIALLY in as tightly a constrained area as researcher described, then it seems like you should be going after it with guns blazing immediately. If this home is such a steal then it would seem that even at 800k or close to 850k they would have had many many offers. In a situation like that it seems pretty brazen for the agent to shun all those offers in order to take a 720k plus cash to the second offer. There would be a substantially high risk that one of those shunned people would indeed have a well documented offer and then put in a complaint.

Something is not quite adding up here.

Researcher did you call the day it was listed and offer something close to the 850k listing price? Given the neighborhood wouldn’t that listing price at least be considered in the neighborhood of fair value?

[SD Realtor]

NSR stop making sense. The problem here is that you are dealing with the reality of the situation in a competitive market place. That the bottom line is if there is something out there that you think works for you, ESPECIALLY in as tightly a constrained area as researcher described, then it seems like you should be going after it with guns blazing immediately. If this home is such a steal then it would seem that even at 800k or close to 850k they would have had many many offers. In a situation like that it seems pretty brazen for the agent to shun all those offers in order to take a 720k plus cash to the second offer. There would be a substantially high risk that one of those shunned people would indeed have a well documented offer and then put in a complaint.

Something is not quite adding up here.

Researcher did you call the day it was listed and offer something close to the 850k listing price? Given the neighborhood wouldn’t that listing price at least be considered in the neighborhood of fair value?

[SD Realtor]

NSR stop making sense. The problem here is that you are dealing with the reality of the situation in a competitive market place. That the bottom line is if there is something out there that you think works for you, ESPECIALLY in as tightly a constrained area as researcher described, then it seems like you should be going after it with guns blazing immediately. If this home is such a steal then it would seem that even at 800k or close to 850k they would have had many many offers. In a situation like that it seems pretty brazen for the agent to shun all those offers in order to take a 720k plus cash to the second offer. There would be a substantially high risk that one of those shunned people would indeed have a well documented offer and then put in a complaint.

Something is not quite adding up here.

Researcher did you call the day it was listed and offer something close to the 850k listing price? Given the neighborhood wouldn’t that listing price at least be considered in the neighborhood of fair value?

[SD Realtor]

Sounds bad researcher and I am sorry to see that it happened. So when it first came out active at 850k you made the inquiry and were told at that time that there was an accepted offer already? Well that kind of sucks.

So next time you or others in the same position get stonewalled I would advise as follows… Again, get something into the agent in writing. Also when you called and were stonewalled by the agent, why didn’t you go to the broker? That would be the next logical step. Remember listings belong to brokers and not agents. Obviously per your post you have been looking for a long time and this was what you considered a great deal. However the manner in which you lost out on it sucks. Conversely the methodology you took to try to procure it was not done in such a manner that it would discourage this type of fraudulent behavior. It is one thing to lose out on a home in a “fair” bidding war but another to lose out in this manner. Taking more concrete steps will at least prevent that in the future.

I understand your decision to throw in the towel and work directly with the listing agent but that may not work. I know everyone thinks more agents participate in fraud like this then less, but it is my experience that it is the other way around. Anyways it does suck and even with no documentation, it would not be a bad thing to go to the brokerage and sit down with the broker and tell him/her what went down. You also can still file a complaint to the dre.

Can’t hurt.

[SD Realtor]

Sounds bad researcher and I am sorry to see that it happened. So when it first came out active at 850k you made the inquiry and were told at that time that there was an accepted offer already? Well that kind of sucks.

So next time you or others in the same position get stonewalled I would advise as follows… Again, get something into the agent in writing. Also when you called and were stonewalled by the agent, why didn’t you go to the broker? That would be the next logical step. Remember listings belong to brokers and not agents. Obviously per your post you have been looking for a long time and this was what you considered a great deal. However the manner in which you lost out on it sucks. Conversely the methodology you took to try to procure it was not done in such a manner that it would discourage this type of fraudulent behavior. It is one thing to lose out on a home in a “fair” bidding war but another to lose out in this manner. Taking more concrete steps will at least prevent that in the future.

I understand your decision to throw in the towel and work directly with the listing agent but that may not work. I know everyone thinks more agents participate in fraud like this then less, but it is my experience that it is the other way around. Anyways it does suck and even with no documentation, it would not be a bad thing to go to the brokerage and sit down with the broker and tell him/her what went down. You also can still file a complaint to the dre.

Can’t hurt.

[SD Realtor]

Sounds bad researcher and I am sorry to see that it happened. So when it first came out active at 850k you made the inquiry and were told at that time that there was an accepted offer already? Well that kind of sucks.

So next time you or others in the same position get stonewalled I would advise as follows… Again, get something into the agent in writing. Also when you called and were stonewalled by the agent, why didn’t you go to the broker? That would be the next logical step. Remember listings belong to brokers and not agents. Obviously per your post you have been looking for a long time and this was what you considered a great deal. However the manner in which you lost out on it sucks. Conversely the methodology you took to try to procure it was not done in such a manner that it would discourage this type of fraudulent behavior. It is one thing to lose out on a home in a “fair” bidding war but another to lose out in this manner. Taking more concrete steps will at least prevent that in the future.

I understand your decision to throw in the towel and work directly with the listing agent but that may not work. I know everyone thinks more agents participate in fraud like this then less, but it is my experience that it is the other way around. Anyways it does suck and even with no documentation, it would not be a bad thing to go to the brokerage and sit down with the broker and tell him/her what went down. You also can still file a complaint to the dre.

Can’t hurt.

[SD Realtor]

Sounds bad researcher and I am sorry to see that it happened. So when it first came out active at 850k you made the inquiry and were told at that time that there was an accepted offer already? Well that kind of sucks.

So next time you or others in the same position get stonewalled I would advise as follows… Again, get something into the agent in writing. Also when you called and were stonewalled by the agent, why didn’t you go to the broker? That would be the next logical step. Remember listings belong to brokers and not agents. Obviously per your post you have been looking for a long time and this was what you considered a great deal. However the manner in which you lost out on it sucks. Conversely the methodology you took to try to procure it was not done in such a manner that it would discourage this type of fraudulent behavior. It is one thing to lose out on a home in a “fair” bidding war but another to lose out in this manner. Taking more concrete steps will at least prevent that in the future.

I understand your decision to throw in the towel and work directly with the listing agent but that may not work. I know everyone thinks more agents participate in fraud like this then less, but it is my experience that it is the other way around. Anyways it does suck and even with no documentation, it would not be a bad thing to go to the brokerage and sit down with the broker and tell him/her what went down. You also can still file a complaint to the dre.

Can’t hurt.

[SD Realtor]

Sounds bad researcher and I am sorry to see that it happened. So when it first came out active at 850k you made the inquiry and were told at that time that there was an accepted offer already? Well that kind of sucks.

So next time you or others in the same position get stonewalled I would advise as follows… Again, get something into the agent in writing. Also when you called and were stonewalled by the agent, why didn’t you go to the broker? That would be the next logical step. Remember listings belong to brokers and not agents. Obviously per your post you have been looking for a long time and this was what you considered a great deal. However the manner in which you lost out on it sucks. Conversely the methodology you took to try to procure it was not done in such a manner that it would discourage this type of fraudulent behavior. It is one thing to lose out on a home in a “fair” bidding war but another to lose out in this manner. Taking more concrete steps will at least prevent that in the future.

I understand your decision to throw in the towel and work directly with the listing agent but that may not work. I know everyone thinks more agents participate in fraud like this then less, but it is my experience that it is the other way around. Anyways it does suck and even with no documentation, it would not be a bad thing to go to the brokerage and sit down with the broker and tell him/her what went down. You also can still file a complaint to the dre.

Can’t hurt.

[SD Realtor]

The sold price is contract price. That is what you enter on the MLS. You use other fields to identify concessions.

Please don’t cry me a river about affecting comps. I made many a posting way back when I complained that comps are horrible using the MLS. Not because of 10 or 20k missed due to additional cash needed to close but because of loan mods of large sums of money that are not recorded, and not identified in any manner. So you can be buying in a neighborhood where MLS comps say one thing, but 7 homes in near proximity have loan mods done that are not recorded or identified in any manner.

[Author]

Posts