Home Buying in 02127>Question Details

Kathleen, Other/Just Looking in Boston, MA

Why would a realtor tell me a property they are listing is listing for more than what they told me? This all

Asked by Kathleen, Boston, MA Thu Feb 7, 2008

occurred within 24 hours so I am unsure why the sellers would increase their list price overnight especially in a declining market.

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Some foreclosures might do that. They try different combinations like list low, and than cancel and list as new with a higher price. The Banks hope that the spring market will bring some unaware buyers.
Also typos happen periodically. I have seen home listed for 39,900 only to have agent change it to 399,000 the next day. Too funny. And than those people are selling the most expansive assets for most of us.
0 votes Thank Flag Link Tue Mar 11, 2008
Hi Katheleen,

I cannot think of a reason for an agent to give different prices. They would have a writen contract that has a price on it. So there should be no question about price.
The only thing I can think is that the agent received more activity than expected and may suggest to the seller to raise the price. (that almost never happens in this market)
Did you tell him/her that you had an agent? Usually agents share their commission with a buyer's agent.
I am looking for reasons... It should still be the same price. If this seems like the reason, you may have grounds for talking to the board.
good luck.

Karen McCormack
http://www.KPsells.com
Web Reference: http://www.kpsells.com
0 votes Thank Flag Link Thu Feb 7, 2008
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