This happens more often than you think. I get a call from a prospective “buyer” about a deal that they found on the Internet that appears too good to be true. When they start speaking, they can barely contain their excitement.
“Can I really buy a house like that for $900 or $1200 or $1500?”
Of course most of these houses are in great neighborhoods and the photos show them to be in excellent condition. There is only one problem:
The “price” that is listed is NOT the sales price, but the amount of monthly rent. It seems that a lot of the big IDX assimilators do not always make that distinction very clear.
Logic tells you that this is not the sales price. After all, if you really could purchase a house like that for a price like that, it would never make it to the MLS.
Blame the media if you want, but there are still a lot of people out there that truly believe that you can get a good house for next to nothing.
And they are so disappointed to discover that good houses still demand a fair price!