"There Must Be Something Wrong With It!"
I received an email forward from clients yesterday regarding a townhome found on Zillow.com that had caught their eye!
393 days on the market, the report stated. What's key here is the report says....days on Zillow.
In looking at tarmls.com, our Tucson Area Realtors Multiple Listing Service, the original listing was on the market 267 days. The listing expired and is now back on the market at 85 days, for a total of 352 days. Ok...so maybe a difference of 41 days in this particular incidence is not that much...but it isn't accurate, that's for sure.
Zillow doesn't always share the most up-to-date information, or the most accurate. Changes made on the multiple listing service may not make their way to Zillow. I have had remodel flips on the market, completely redone. If I look them up on Zillow, oftentimes the "before" photos are still displayed. It's definitely something to check, but not everyone does.
To go a little further on this particular townhome, the current agent has the address online incorrectly. Those searching for townhomes on Pusch Wilderness Drive will not find this home that is advertised on Pusch Drive...As I have a client interested in that particular listing, I'm working on behalf of my buyer, and if the home isn't "found" online, more chance that she'll have an opportunity to view and offer when she visits here in a few weeks.
But here's the other story behind townhomes in Tucson, AZ and vicinity. They are a niche property, and appeal to a selected buyer. Not everyone wants one. You can often buy a single family residence for the same price. Secondly, the HOA fees (homeowner association operational fees) can be much higher in a townhome association than in a residential "neighborhood". Typically, there are more services that come with a townhome...sometimes trash, water, pool, spa, clubhouse, golf, insurance and liability, common landscaping...this list goes on and on and varies with each property.
Please check with a real estate agent for more information on homes that have been on the market for months. Many times it's pricing, or location, but there can also be another story line.
Oh, and I recommend going straight to the market source, www.tarmls.com and looking at the public link, or LongRealty.com, which is refreshed at least every 30 minutes, for accurate listing information. Long Realty includes neighborhood information and screen size photos, which is quite helpful to homebuyers as well.
Looking for homes for sale in Tucson, Marana, and Oro Valley? Call a Marana neighbor, I'm there.