While I can understand your frustration, there are also things that are outside of our control as Brokers. Sites like Trulia often pull data related to out listings without providing us with the ability to correct or remove the data.
Secondly, the home you keep referencing might not be sold. Further, it's not the only available house on the planet.
I encourage you to stop spending energy chasing down a questionable property and instead spend your time and energy finding the next best one, a home that you can actually purchase without all of these issues.
Principal Broker, REALTORÂ®
MacDuff Realty Group, LLC
The ad is listed correctly in the realtor BLC. It is in an "Active" status, pending an offer with contingencies. Remember the BLC is the source document. Contingincies like financing, inspections, etc, as long as this is disclosed, it can be kept in an active status. Any syndicated sites downstream of the source may or may not have the codeing to intreprete the source document and may not display this special catagory of an "
active" status. Why would you keep a listing "active"? Pretty simple.......It's not for your benifit, it's to keep the phone ringing. They are disclosing it's for sale, that they have an offer, but they are uncertain it will close. Therefore they elect to keep the phone ringing and built a list of backup buyers should things fall through. 3305 Alpine is being advertised as a forclosure. It is common practice to keep these listings active with contingencies because of the likely possibility that the deal may fall apart. I don't see any problem with how the listing is being represented.
"2 days ago we had a discussion that maybe you should pull this ad or put pending, sold, or something on it. The bidding date ended last Friday and the house is sold and I have asked you to please keep up and pull the ad so as people do not waste time but there it is"
There is a difference between under contract and sold. A lot of things can happen between the time a contract is accepted and the time it closes. Most MLS systems will keep the listing on the website and mark it accordingly as it progresses through the process. Active, contingent or pending what ever the case may be. Should something happen to the transaction before the closing date, such as buyer can not get financing or changes mind or whatever reason, then the listing would get reactivated and if anyone was still interested in it the could move forward on it. Once it actually closes, then it is closed out of the system and removed from the active listings.
Justus, work with a local Realtor and there will be no problem.
I had absolutely no idea what you were talking about in your â€œquestionâ€ till I read the thread. We agents update our own boardâ€™s MLS in whatever way we are supposed to in our area (pending, undercontract, contingencies, whatever). We only have control over what we directly edit. We have no control over Trulia, Zillow, buymyhouse.com or whatever other site that pulls information from our company websites, MLS or Realtor.com. Not to mention we have no way of even knowing who is pulling our information or how up to date it is. And people think there can be some 3rd party national website that all contains correct information. There is no national enforcement agency or anything like that you suggest.
This might help you. http://www.fctucker.com is our companies web site. Check it out and register for Mouse trak. it's a free automated search engine that will email you new listings daily based on your criteria. F.C. Tucker pulls these listings daily from the realtor BLC, and from my experience, gives accurate, up to date information. You will usually get the new listings the day of or day after they are listed. I think it is pretty accurate on pulling pended or sold listings, unlike other syndicated sites that may cull those properties on a less frequent basis.
If you enter my agent information. I will be emiled the same listings you are recieving so we may be able to better discuss their potential. The mouse trak system serves best as a tool that allows you to search only once, based on your criteria. After that you are updated daily without needing to re enter all your search paramiters. Our market has been heating up as the due date for the $8,000 1st time stimulis money is drawing near. Depending on your market, price and the home, I have experienced single digit DOM and multiple offer situations. By the time some listings hit Trulia, they may already be gone. I have the capability to generate an easy to read spread sheet breaking our market statistics for any given community, Their active, pended, and sold comparables and any number of useful statistics. For the most part, no contingency cash offers are readily accepted but in todays market, things can and do change. Experience plays a big part here. In addition to my resume, I am working towards an Indiana appraisal license to become an expert in valuation. I still have some time to go on this but it lends to my credibility when it comes to valueing a home. If you are looking for an experienced point man in the area, please check out my profile. I would like the opportunity to earn your business. Indiana is a buyers agency state, so I will be representing yor interests and your interests only. -Eric
Sites like Trulia can be misleading at times with property information. They are not the source, they are syndicated sites that take information from the realtors site and redistribute it. The source in Indy will be the brokers BLC. Borokers Listing cooperative. Also known as the old MLS. Their are rules of conduct that the BLC watches over, one of which is if you have a pending sale, or it closes, proper notification must be registered. It can still be held in Active status but may be pending financing, inspections, open to backup offers or any number of things. These will be disclosed at the source document, the BLC. When this information is distributed to other sites, you will see the information become watered down at times.
I have been involved on both the listing and selling side of repo homes. As an agent we are sometimes told one thing, only to have the bank pul the carpet out from under us and change the game mid stream. Some agents specialize in the repo business and are offering limited service, thus the lack of pics and information. As an agent, we all look bad when the game is changed mid stream but most of the time it is beyond our control. For the consumer, lack of information is frustrating and may at times seem misleading but thats why our listing contracts are "offers to sell". Even if a "perfect" offer is submitted, the seller is at liberty to change their terms. The listing agents are reacting to the sellers wishes. With the volume of repos we are seeing and the lenders rush to liquidate them as soon as they believe they have marketable title, there are those listings that may not seem to be on the up and up, but the lender holds all the cards. Welcome to the game. Best of luck in your property search. If I can be of service, please let me know. I am an invester and contractor as well and am familiar with financial objectives of investment property. I am a pretty good estimater whan it comes to fix up and carrying costs. All things are relative to purchase price, fix up, carrying cost and ultimate sales price. All the best, -Eric email@example.com
It is very disheartening for a Buyer's Agent to show property to folks, where they fall in love with a place, only to find out it is not available (but not shown as "under Contract" or "Sold" on the MLS).
Catch & Release Properties, LLC