Well I have had five properties sell off market so far (all Buyers). That seems to be what is happening. First and foremost it is not in the best interest of a Seller, they may be leaving money on the table. Also, I can only imagine the lawsuits that will come out of this because Sellers will assert that their properties were not marketed properly and that they could have obtained a higer sales price. I have a disclosure/disclaimer for this!
So once again the eager young Realtors and the greedy old Realtors will take it in the shorts...sucks for them. I would NEVER advise a Seller to do this. My pocket book is not more important than my fiduciary obligation.
The other big issue is that we could get into murky waters if Realtors stop supporting the MLS.
Oh and yes...out of area Realtors are as weird as we have all heard! Good story, I'll tell it in August!
Tuesday, July 6, 2010
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