Home Buying in 48312>Question Details

Tim Krull, Home Buyer in Sterling Heights, MI

On this site why are there so many houses which are pending or sold still viewable?

Asked by Tim Krull, Sterling Heights, MI Thu Feb 5, 2009

I have attempted to make several appointments only to be told the house was off the market, or that it was in multiple offers before I even saw it. Every bank owned home I see seems to have shady cirucumstances behinds its posting.

Help the community by answering this question:

Answers

5
Tim,

I suspect "shady circumstances" is caused by a simple misunderstanding of the type home posted. Those with Notice of Default or even for sale have missed a payment or have been reported sold from Sheriff Auction (but not completed the redemption period) so most are not available for sale. This information is provided by a 3rd party provider. You can choose to knock on doors until the correct home is located and try to negotiate with the homeowner. Because there are no addresses, most people shy away from this choice, but some make money using this method.

I would agree with Maureen, that every Michigan agent on this website would have a search that updates daily for your area. These sites with indicate IDX next to the homes (Internet Data Exchange). We all pay additional money for this to be available on our sites because of consumer demand.

The local MLS allows agents several days to report a home as pending sale or sold. Even if the agent were to report the sale immediately, there would still be a delay in removing the listing on any website.

As to multiple offers, your best method to receive information about new properties is to have listings emailed by ONE agent. They can set the search to only send homes new on the market (last 14 days). Keep in mind, the bank is still trying to get the most for each home and will wait until several offers have been submitted before even looking at any of the offers. This may happen even if you were to offer more than asking price for the home.

A buyers agent, would be able to represent your best interests.
Web Reference: http://mi-living.com
1 vote Thank Flag Link Thu Feb 5, 2009
Tim,

Trulia pulls houses from realtytrac.com, and those listings are not clear to most people as to where they are in terms of availability.

You are better off searching an agent's mls site for more accurate information.

There still may be a few problems with things not being available if you don't act quickly, but it should be much improved over your current frustration. My search site is below and you are welcome to use it.

Do you have a buyer's agent? If you do, they can probably set up an email search for you. If you don't I would be be happy to help you.

Maureen Francis
Web Reference: http://familyhomes.skbk.com
1 vote Thank Flag Link Thu Feb 5, 2009
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
Good day, Tim.

Different websites draw from different data portals. If you want to search as accurate a list of foreclosures as possible (although please keep in mind some may in-fact be Pending if the listing agent has not updated the status), feel free to visit the following link, and please inquire directly through the link or contact me to view the property:

http://www.doortodreams.com/Search-Foreclosures-by-City/Town…

Thank you

Derek Bauer, Associate Broker / Realtor
Real Estate One
Derek@DoorToDreams.com
Web Reference: http://www.DoorToDreams.com
1 vote Thank Flag Link Thu Feb 5, 2009
I had the same problem too. I started using my real estate agents web site which seemed to be more accurate
0 votes Thank Flag Link Wed Feb 25, 2009
Tim,

Understand your frustration and also can understand that most buyers perfer searching for property on your own without a Realtor initially. Unfortunately many of the sites are not as up to date as you would like.

Therefore, you can accomplish your objective by searching directly through the search vehicles that most agents have available... http://kaypearson.com/content/16.html

I also recommend that you consider establishing a relationship with one of us who you can trust to look out for your best interest, particularly in today's climate.

Let me know if we can be of further assistance.

Robin Cutler and Kay Pearson
248-860-0366
Web Reference: http://www.KayPearson.com
0 votes Thank Flag Link Thu Feb 5, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer