Not a foreclosure!!! This phrase is now appearing often in agent remarks on listings that are priced well and are not a foreclosure. I think it is helpful to have this in notes. However, I was searching through listings last night and was very amused at how much this phrase is being over used.
For example in Ramsey, MN homes that are bank owned and built in the 70's and 80's are probably hitting prices at or below $150,000. I was searching up to $250,000 on a search for someone and on about 5 listings over $225,000 the notes had NOT A FORECLOSURE OR SHORT SALE!
No kidding! Its only priced $30,000- $40,000 dollars high. Probably means it WILL BE A FORECLOSURE OR SHORT SALE SOON!
So agents I appreciate the note, but only use it when the home is actually priced were it justifies that phrase. Oh wait! Actually I need to laugh more so keep doing what you're doing!