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I have seen several property listings that ended with the words 'all information to be verified by buyer'. I have been passing on the property. Can anyone tell me why these words would be included in the description? It makes me feel that the agent has no idea what is being sold.
I have seen several property listings that ended with the words 'all information to be verified by buyer'. I have been passing on the property. Can anyone tell me why these words would be included in the description? It makes me feel that the agent has no idea what is being sold.
I'm not a realtor, but I interpret that statement to mean that the listing form has been filled out with information provided by the seller and the realtor can't guarantee that the information is correct. This could apply to many things such as the total square footage of the house, the age of the house, the school district, the type of plumbing in the house, etc.
I wouldn't necessarily pass on a house with that language. It's cover my "a**" language to help prevent lawsuits. Any and all information about a house should be verified by a buyer.
For example, I might measure a house at 2000 sq ft. Maybe my measurement is off, maybe it's not. Maybe a buyer measures it at 1900. Essentially it's saying don't sue me for being really wrong or a little bit wrong about some fact. I don't view this in the same way as the OP stated. The agent knows what is there. They want to prevent some person coming in later and saying they disagree with some part of the listing.
In some cases it's an estate sale. The estate thinks they know when the roof was replaced or when the basement was waterproofed, but they don't have accurate records.
Long story short...you're missing out on potentially good houses.
The words are superfluous, the MLS guarantees nothing anyway. I'd stop bypassing those properties. Look at township/county records, seller disclosure, stuff like that that matters. Some real estate agents are being increasingly lazy these days on the listings because just about everything sells, and often within 24 hours, with hardly any marketing at all.
p.s. Some agents really don't know what is being sold. Seen it many a time
An agent had one of our HOA homes listed. The MLS had listed HOA dues rate that was a year old. I called and informed the agent but they never changed the MLS listing.
An agent had one of our HOA homes listed. The MLS had listed HOA dues rate that was a year old. I called and informed the agent but they never changed the MLS listing.
They should have made the change once you reported it. If I had to guess, they were going on information based on a prior sale unrelated to yours. There is NO excuse in that case and you could have filed a complaint with the local Multiple Listing Service or the agent's broker if you deemed it necessary.
It is a risk reduction strategy for the real estate brokerage to prevent lawsuits.
Depending on local regulations, it may just be silly to put such notes in a listing.
In NC, the agent IS responsible to discover and disclose. Actually, both agents, buyers agent and sellers agents.
Those disclaimers don't relieve either agent of their responsibilities as licensees, or their stricter responsibilities as fiduciaries.
Basically, they serve as a pretense for a listing agent who is not willing to do their job.
There are variations of meaningless statements by agents in their listings.
One of my faves is: "Professionally measured" in Agent Remarks. Our MLS requires SF in the listings. The State does not, but IF we advertise SF, it has to be within a reasonable 5% +/- tolerance. So, all MLS listings have a SF value from the listing agent.
So, measuring houses is taught in licensing classes, and responsible firms will take newbies out to a few to have them measure houses as part of their training.
When I measure a house, it is always "professionally measured," because I am a NC real estate brokerage licensee, and as a professional, I do my job.
What agents who post that are saying is, "I am not qualified (or I'm too lazy) to work in brokerage, so I get someone else to do my job, someone who is 'professional,' unlike me."
Eh.
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