lyndakistler, Home Buyer in San Francisco, CA

997 Carolina St in SF looks grat....why would it be on Trulia 180 days?

Asked by lyndakistler, San Francisco, CA Sat Jul 6, 2013

This question was asked from http://www.trulia.com/property/31384074-997-Carolina-St-San-…

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4
"Days on Market" can be a tricky thing. Looking at the property history in the MLS this property was first put on the market July 26, 2012. They did two price reductions down to $579,000 and it went into contract two weeks later on November 21st. About the same time the sale became a short sale. (Why the seller and listing agents hadn't figured that out until after it went into contract is a question only they can answer). As we all know now, short sales can take a while to obtain lender(s) approval. In early June this year the price was increased back up to $649,000 which was the original listing price and at the same time the agents announced the property was no longer a short sale. (Again, only they know why). The existing contract was cancelled (probably by the buyer). Two weeks later the property went back into contract.

So, from the time it changed status from short sale to regular sale on June 3rd until it went into contract June 18 is just slightly over two weeks. About right in our current market.

This is a good example of why the MLS is still the best source of information and why, especially in a seller's market, you should be working with an agent who will be alerted to these sometimes very fleeting opportunities.
1 vote Thank Flag Link Sat Jul 6, 2013
While the property has 343 days on market, it is none-the-less under contract now. Because it is under contract, neither the listing nor selling agent is in a position to give out information.

I will be happy to help you to locate a property that meets your needs since this one is apparently off the market. Please visit my website, http://www.raymondautryhomesellingteam.com and we can get started.

Raymond Autry, GRI
Broker Associate
The Professional Group
415 251 0120
0 votes Thank Flag Link Sat Jul 6, 2013
Hi Lynda,

Properties that are on Trulia a long time are generally priced wrong initially, contingent, pending, or short sales. Let me know if I could be of any help in your search.

--
Sincerely,

Gina Landers, Broker, CDPE
DRE # 178500375 License # 01388614
Ph: 415.857.3241
Ce: 925.354.7878
Fx: 925.369.0310
ginalanders@gmail.com
0 votes Thank Flag Link Sat Jul 6, 2013
Hello,

The property at one time was a short sale but is now a regular sale and under contract as of June 18th.

Regards,
Lizete
Web Reference: http://www.LizeteSantos.com
0 votes Thank Flag Link Sat Jul 6, 2013
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