Beware when showing short sales
Today’s rant. I’ve been working with buyers who are in that “affordable” price range of under $200K, and we’ve been looking at those ever-popular bank-owned/short-sale “deals.” There are lots out there these days! But beware, DO NOT just take the MLS status of “Active” as the truth. Make sure your Realtor calls the listing agent directly before setting showings. I have shown quite a few properties recently that are shown as “Active” in MLS, as well as with the showing desks, but come to find out (after my buyer fell in love with the place) that the bank had 20 offers and had already verbally accepted one weeks ago. But since they do not having anything in writing, they can’t put it as “Under Contract” in MLS, or even add it into the comments field. Unbelievable! So, basically, buyer’s agents need to do unnecessary double work, and/or waste time, and resources and contribute to global warming by driving to Aurora to show properties that are already under contract.

