Browsing through the MLS looking for listings to show my client, I came across this listing where the confidential remarks said:
"Listing broker does NOT represent seller - directly contact seller.Submit offers via email to HERESMYOFFER___@GMAIL.COM. All info provided by seller."
Sounds like a FSBO (For Sale By Owner) seller contacted one of those companies who, for a fee, will upload the listing on the MLS. But seller takes care of everything else. BUT....
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There's no lockbox....natch. This makes it doubly hard to show the property. And if it can't be seen, it is bypassed for the next property.
- There were three BAD photos. Such terrible qualify. Is the seller so cheap he won't pay for professional photography, or at least take more photos and edit them with free software from Picasa?
- No phone number provided...again, makes it hard to do business with someone who is so inaccessible.
- No disclosures to share. Guess they expect the buyer's agent to tell seller what are required, and to produce the documents for signing.
And here's another seller who did the same thing -- paying a fee to upload the listing on the MLS. This time, the confidential remarks say
"Seller is only paying $2,000 to buyers agent and $795 to listing agent."
Again, no lockbox. No disclosures.
A buyer's agent will do the work --- show the property, write the offer, negotiate with the seller, educate both sides on the escrow process, itemize the required disclosures and local ordinances , monitor the contingencies and other timelines, etc.
If the buyers agent is paid only $2,000 to handle all that, split the commission with his brokerage...the agent will be in the hole after paying his expenses, his E & O insurance, etc.
Insanity! They might as well say "This House is NOT for Sale"
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