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Sorry, I don't know hoe to avoid repeated posts(haven't used this forum much), but let me answer to these posts first. Thank you for all the creativity in your posts! This house is in an expensive area in Dallas. What I don't understand is that the sellers agent now says the house is under contract for 320K(the house asking price is 299K) because several buyers bid for the house. We offered 290K to be the backup offer but they rejected it. The agent says the potential buyers already did a house inspection and everything went fine. But now the list shows the house is "back n the market" again(May 31st). But the sellers agent says it's under contract. I'm confused.
We have catched the agent with a couple of inacurate things he said in the past, so we're not sure what to believe right now. We were planning now to send another backup offer for 300K.
Any suggestions?
Here the agents keep on telling everybody that Toyota's headquarters are comming to town, but they don't mention that they are coming in 2017. But there's this house bubble going on because of this news.
Any suggestions?
Thank you for your help.
Well, you also have to understand that updates are NOT "real time" -- it takes time for a contract termination to be processed and re-posted on the MLS system. He may have had a back-up that went into effect immediately after the first one backed out. So figure another day or so to get THAT one loaded in the system and for it to feed through to Zillow.
Do yourself a favor -- stop depending on Zillow for time-sensitive transactions, ok? You will ALWAYS lose. Very few agents actually update Zillow directly, -- the information gets fed to Zillow from the various MLS's, and some are quicker than others.
Sounds like they had a bidding war that drove the price up a bit, and perhaps someone put in a back-up offer in case the first deal went south. So your bid of $300K can be a back-up to the back-up. :-)
These are all questions that your agent should answer. We have very limited information.
As far as the status of the listing, the MLS rules require the agent to change it within 5 days, so it could be under contract but the agent hasn't updated it yet. Some offices require a lot of paperwork to go through to in order to change it, and some give full automation to the agent to do it.
Is it possible to remove listing prices after someone buys a home? My friend bought his house in 2010 and it was on market for 8 months with gradual decrease in price. Zillow has all that information under sale history for his house. Funny thing is that they have wrong sold price.
Thank you all for your replies. The sellers agent says he put my e-mail in his MLS so I will get an automated e-mail everytime a new listing is added that meets my criteria.
Yes, I had a byers agent but he was a lazy butts and when I decided not to go with his lender he never contacted me again.
What is the address of this house? One possibility is that it is back on the market due to failing to appraise...going from $299 to $330k is a nice leap and if the comps don't support $330 any lender appraisal would likely fall short.
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