Welcome to Trulia Questions!
"Tell me about this house."
$85000 for a 3800SF home, nearly new custom home in a great Cary, NC, subdivision!
Who would dream it could come true for a lucky buyer? One person had hopes.
And we see it every day. Misleading home profiles meant to drum up traffic to impress advertisers.
In this instance, Realty Trac and Trulia team up to put up a second mortgage initial balance in the space typically reserved for the price of a home. 1st lien? Fuhgeddaboutit!
And the consumer fell for it. But, thank goodness, the consumer also asked a question about the house.
The truth? If that home becomes available at anything near $85,000, Optimist Farm Road will not be able to handle the traffic. And, the home is under a Contingent contract, as a short sale, not an REO.
Another truth? If I put something this misleading into the Triangle MLS, I could have attention, too. Some of that attention would be from the Raleigh Regional Association of Realtors, some from the Triangle MLS Compliance folks, and quite possibly, some from the North Carolina Real Estate Commission. See, I am a member of groups that support and enforce rules and ethics. And I am regulated by law in the State of North Carolina. Tripe like this could cost me my license, or my association with KELLER WILLIAMS® in Cary, NC.
Too many consumers don't know the difference, and fall for a free and pretty interface.
Search real estate listings on a real estate site, such as a real estate firm's site, or a REALTOR'S® IDX site. Here is one Option. Avoid the sites that are neither regulated nor bound by ethics or standards of accuracy.