|
« Selling Your House? Don't Take the Curtain Rods When You Move. | Main | AZ Home Inspector Licensing Board going away? » Wednesday, February 20, 2008Arizona MLS Listings I Don't Quite UnderstandAs I pull up various AZ properties on MLS, I'm frequently amused. Sometimes it's the price that makes me laugh. Sometimes it's the directions that get you nowhere near the home, which makes me go hmmmm. And sometimes it's just a comment about the house that catches my attention. Here are a couple that have recently caught my interest: 1. Found in the comments of a MLS listing: "Buyer proof of funds or prequalification letter from a Wells Fargo Mtg. Consultant must accompany all offers." As a Realtor®, I would never dream of requiring a potential buyer to get prequalified or have their funds verified by a specific mortgage company. I'm not sure if that's even legal from a mortgage perspective, especially if the mortgage company owns the house. According to the MLS, this property is "corporate owned". Public records don't show the new owner yet, but the house was sold at auction in December to "US Bank National Association as Trustee Asset Backed Pass Through Certificates Series..." (that's a mouthful and doesn't really tell me who owns it!). But the tax statements are being forwarded to "ASC for Wells Fargo Home Improvement". Hmmmm.... 2. Found in a Flyer Heading: "20% Co-Broke! / Attention All Investors" Call me crazy, but I wonder if this agent ever thought about recommending a price reduction to their client, instead of a HUGE co-broke. Perhaps, I dunno...maybe a 17% - 20% price reduction? Work with me here...! And what real investor isn't going to realize that a 20% co-broke means they're paying 20% too much? These are just a few of my thoughts... enjoy your day! Past BlogArizona articles you may also enjoy:
Posted by Shannon Hubbard, Arizona Real Estate Agent on February 20, 2008 | Permalink CommentsI have noticed some realtors not having balls against big brother bank... OK. Why are we in this mess??? Big brother did not stop 100% lending when appreciation exceeds local ten year averages. They should have made the buyers come in with down payments to keep the 100% balanced with the 10 year average. There is nothing wrong with ARMS, NegAms, etc. It is simply the issue big brother bank was checked out during the boom stimulated by late night shows... ((( NOTE: for the next 10 years I would not want an ARM to expire, because we could be seeing stagflation caused by the real estate boom and fall )))... Big brother bank is doing one thing right now. You can call them up after missing 3 payments, and they will lower your interest rate for the term of your loan, so you will not walk... Talking about walking... You should walk from Preforecloures right now. Let the bank have then back, so you can get instant responses from them once it is an REO. Next, if they want to play with the buyer agents’ commission then you should tell them it is illegal per your local board, etc, and no you do not get paid off of the net price, but the gross price of the transaction. Come on now and take back your industry... Are you a professional or just a slacker... How much commission do you have to make to be profitable??? Yes, so you can even pay your taxes??? I see so many realtors giving away their money, because they think it is makes it easier to get a deal. What happens when each of your realtors do this? The only commission of whatever (call it 3%) because 1%. Yes, this means everybody is rebating... Now, what is your competitive advantage? Leave commissions private, and voice it out whenever you can that rebates should not be allowed. Stand up to your board, department, local, state, and national governments... Let those realtors know the trail of doom that goes with rebating, and how Joe will just do a bigger and bigger discount until everybody is out of business. You do not normally have high profits, so how are you going away your money to the banks and buyers??? Honestly, how are you doing it???? I can talk this way, because I am just a consumer. I am not a realtor. Why do I talk this way? I relate income to service. I want my service. I stay in resorts when I travel, and when I have a realtor I do not want to just get 3 hours with him or her, because they have rebated there life away to buyers and banks. I also do not want to be working with a poor realtor either. Realtors are professionals and should be rich... Posted by: Bobby Boy | Feb 27, 2008 10:18:48 AM The examples you posted are interesting and funny, yet sad. I think that when someone makes the MLS listings, they should do their best to provide the correct information. That means the directions, as you mentioned, or the price. I work for a realtor in Toronto and on our page about MLS listings Toronto we try to be as accurate as we can. Posted by: MLS listings Toronto | Mar 15, 2008 9:23:31 AM Sad indeed. The listing is often a buyer's first impression and needs to shine. It always bothers me to see a listing that's so poorly written, you just know the poor sellers are going to be wondering for months why their house isn't selling. Thanks for stopping by 'MLS listings Toronto'. Posted by: Shannon Hubbard | Mar 15, 2008 10:02:58 AM What, the buyer has rights too. They can and should be allowed to use a lender of choice Posted by: Myrtle Beach Real Estate | Jun 11, 2009 11:00:58 AM
Post a comment
TrackBackTrackBack URL for this entry: Listed below are links to weblogs that reference Arizona MLS Listings I Don't Quite Understand: |
|
© BlogArizona, LLC 2005 |
