As I scan the Multiple Listing Service (MLS) on a daily basis, to see what is available for my buyers and to see what listings have expired, I find incomplete and incorrect information.
About half of my clients are looking for horse properties. When I search for a horse property, I scan under the category of farms. Did you know that 1 acre is a farm? I wonder what they are raising on an acre. Maybe guinea pigs?
A buyer called me and wanted to see a farm that sounded like a great deal: 14,530 acres for $200,000. WOW!! That is a great deal! Looking up the listing, I find it is located in town. I don't think there are 14,530 acres available in town. You think maybe it is 14,530 square feet??
How about properties that are listed with 0 square feet or 0 acres of property. In all honesty, I haven't seen a house around that has no land whatsoever around it.
Or how about a description like this: "Impeccable condition! Owner sad to leave this house." This doesn't tell me a thing about the house. Is there anything in the house?
When I scan through the expired listings, I notice some of the homes that I come across I had buyers that may have had an interest in it. So why did the listing expire? It was no where to be found when searched.
I guess there was no interest in selling these listings that have incomplete and incorrect information. If there was an interest, the information would have been double checked to make sure all was correct and complete so that it can be found.
So the next time a listing does not sell, it might not be because of price or location. It could be because no one was able to find it.
Incorrect data abounds out there. I get emails and call about foreclosures for 2500.00 or less all the time. Its crazy!