Home Selling in Los Angeles>Question Details

Rahmani Byley, Home Buyer in Lincoln Heights, CA

Why does a seller/agent list but won't show without an accepted offer or keep a listing active if the seller isn't sure they'll sell?

Asked by Rahmani Byley, Lincoln Heights, CA Wed Aug 11, 2010

R they trolling?

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A selling agent will use the option to only show a property with an accepted offer if the property is a rental or there is a medical condition that prohibits the tenant from being disturbed.
For the second question, it is not to anyone but, maybe, the agent's benefit to have a listing where the seller is not committed to the selling of their property. The only way the Agent may benefit is that he has his sign up and may leverage it to get buyers or sellers in the area
Web Reference: http://www.joeysellsla.com
0 votes Thank Flag Link Wed Aug 11, 2010
Tenants that reside in a property have rights under their lease, and often times they will not cooperate with showing the property that is listed for sale. You will see this phrase "inside with accepted offer" as a standard on income property, but it is also seen more and more on short sales as well. Be aware that any purchase made on a property with existing tenants is subject to the tenant's rights.
By the second part of your question, I assume you think that because they are not openly showing the property, they are not motivated. This may not, in fact, be true. They may be very willing to sell, under the proper circumstances.
In addition, if they are attempting a short sale, they need to market the property by having it in the MLS. If they want to attempt a deed In Lieu of Foreclosure, most lenders will want to see that the property has been marketed for short sale for up to 9 months.
Deborah Bremner
REALTOR, 00588885
ABR, CDPE, eAgent, CSP, SFR, HRC, CRE
(O) 310-571-1364 DIRECT
(D) 818.564.6591
http://www.thebremnergroup.com/news/
0 votes Thank Flag Link Tue Aug 17, 2010
It sounds as if they have occupants in the house or tenants and don't want tons of people traipsing through the property. So oftentimes realtors will list the property and tell buyers to make an offer subject to interior inspection. This weeds out the serious buyers from the mere lookie loos. Although I don't normally advocate this practice, the listing agent's hands may be tied by the home seller. The homeseller may be requiring him or her to do this and he or she is simply complying. This happens alot in a short sale, because since it is a longer process til approval, they don't want months to go by with people trolling thru property. Hopefully, in these situations, the homeseller has at least allowed the listing agent to take at least 8 photos of more of the interior and exterior of the property so people viewing it online can at least get an idea of what the inside and outside looks like. I know it's hard...it's kind of like expecting someone to buy a car without test driving it. No one in there right mind is going to actually go forward with a purchae without actually getting to view the interior and exterior of the home in the long run. Just know that ...if you submit an offer subject to inspection, at some point you WILL get to view the interior. If you don't want to wait or don't agree to this set up, simply move on and focus on listings where you CAN get into the inside of the property as well as the outside.
Hope this helps.
Sheyenne Schultz
Real Estate Network Group
2601 Airport Drive #120
Torrance, Ca 90505
310-29-4170 shy@shysells.com
http://www.shysells.com
Get help and info on short sales
http://www.torranceshortsales.info
Web Reference: http://www.shysells.com
0 votes Thank Flag Link Tue Aug 17, 2010
It could be for several reasons. One big one is "offers made subject to interior inspection". They will not even consider showing the home until an offer made with that addendum is made. Usually because tenants reside in the property and it is a short sale. Good luck!
0 votes Thank Flag Link Sun Aug 15, 2010
I recently heard a case where the seller decided not to sell the home because the tenant was upset with people coming in and out of the property and threatened to move out. The seller does not want to lose the rental income.

On the 2nd one, I would not be keeping a listing active if the seller does not want to sell. There is no advantage of doing so. I don't even know why a seller would allow a sign up on the property in that case. Maybe the price offered is lower than the listing price?

Sylvia
0 votes Thank Flag Link Fri Aug 13, 2010
Sylvia Barry,…, Real Estate Pro in Marin County, CA
MVP'08
Contact
Great answers below – all of the reasons given are valid. It’s not unusual to encounter listings that state “Write offers subject to viewing”.

As for the second issue, you asked, “Are they trolling.”

Maybe.

(1) Or there are a couple of other options as well. There are some agents who are desperate to get their sign in front of a property – so they endure nonsense they wouldn’t otherwise put up with if they had a lot more listings.

(2) Some sellers want to “test” the market – not realizing that it is a flawed concept that actually does them more harm than good. Here is a post that spells out the flaws associated with “testing” the market.

Testing The Market NOT A Good Idea: Top 4 Reasons Explained
http://bit.ly/cmXUr0
.
0 votes Thank Flag Link Fri Aug 13, 2010
Hello,

We see this sort of thing with income property where there can be issues with tennants. Some of the reasons Seller's may not show property are and not limited to: 1. Seller does not want tennants to know property is for sale, 2. Tennants may be difficult to deal with, 3. A tennant may have a medical condidion, 4.Sometimes the Seller is a trust where there is a dispute amongst members of the trust., etc. the list goes on. The previous mentioned can also happen with a owner occupied single family residence. Remember an offer is not accepted until the Seller signs off on the offer.
0 votes Thank Flag Link Thu Aug 12, 2010
Generally income properties, and homes that are tenant occupied are offered "subject to inspection". This is done to protect the tenants right to quiet enjoyment of their home. Imagine that you were the tenant in a highly desirable property that just went onto the market and 50 buyers wanted to see it in the first 3 days on the market; you would not be a happy camper.

I hope you found this information helpful.

Laurie Manny
Main Street Realtors
562-212-5420
0 votes Thank Flag Link Thu Aug 12, 2010
1. If the listing is a short sale, sometimes the sellers will want to choose the offer first before they show the house.
2. If the seller is not sure if they will sell, they shouldn't have the property listed.
0 votes Thank Flag Link Wed Aug 11, 2010
There could be numerous reasons. Seller may not want to be bothered with showings. Messy tenant. Tenant that doesn't cooperate, don't want tenant to know its for sale, on and on. If offer is written with contingnecies you get a chance to inspect and can say yes or no. Or maybe lower the price more, make these repairs etc. Since this approach turns many away typically price is going to be lower than if you opened it up to everyone. Possible chance for you to get a good deal.

Glen
0 votes Thank Flag Link Wed Aug 11, 2010
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