Asked by G, 91367 • Fri Jun 6, 2008
I live in Woodland Hills and kind of keeping an eye on the market for more than a year. Being a scientist by profession, I started keeping track on so many properties on a spreadsheet. What I've observed is kind of scary.
Listing agent are listing, then changing price several times both up and down, changing status like pending sale, backup offer etc, and then removing the property and listing it back giving the impression there is huge demand. Be careful buyers. Don't fall for their tricks.
Here is one example: One property next door is for sale in the market almost for a year, a townhome. First-time I saw it was listed at $489K and price has changed so many times all the way to $429K last month. It's staus has showed everything, pending sale, backup offer, escrew etc.etc. While it was showing pending sale my agent called me saying that the listing agent is saying that she can get it for $390K. Then it disapperaed from the listing and now back for $439K. Be careful!
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