Ok.... if something is not actually able to be considered for real because it is under contract, then there should be some way that buyers can tell by looking at realty websites. I suppose if you use a traditional realtor that
they would suggest places to see instead of the other way around.
But again today I asked to see a property that looked fabulous and was told it, too, already has an accepted offer!
35 Locust St, Danvers, HOA Fees included heat AND electric! (and the usual water, sewer, maintenance, master insurance) for $400.
Stupid.
So, the deal is this - in all areas of business not just real estate:
ReplyDeleteImagine yourself selling a house, which you REALLY want to get sold so you can move on. Remember me moving back here in 2006.
Now: x% of deals fall through, BEFORE the deal closes i.e. before the money changes hands. The contract you will soon buy will say that you agree to buy the house at the agreed price, unless something goes wrong e.g. you die or you can't get mortgage approval or other specified things.
Most often it's because the buyer doesn't get the money: gets laid off from job or whatever.
When that happens, it's commonly right near the end - like the seller already has moving plans, etc etc. This is a BAD time to have another wave of buyers start looking. So, right wrong or otherwise, realtors really do know that it ain't over till it's over.
I don't know any good way around this, fwiw. But they're not just being dumb by not advertising that it's under contract. If they're sure it's not available, they just de-list it.