Verifying Sales With a Realtor

[Michigan CG]

The topic of verification of residential sales with Realtors/owners was brought up recently in another thread.

Do you?

 

[Randolph Kinney]

Yes. Motivation, concessions, how many offers, etc.

 

[residentialguy]

Yes. Motivation, concessions, how many offers, etc.

"Concessions??? Heeell, I don't remember...I can't remember much about the 20 houses I'm currently working with. What does the listing say?"

:new_all_coholic: :new_all_coholic: :new_all_coholic:

 

[elguido]

most of the time. also most of the time you get voicemail. other times they don't remember. also per new rules realtors cannot be used as a verification source because they are/were an interested party. so whats the point to call them.

 

[Lloyd Bonafide]

I would say flawed poll, because I verify with a Realtor some of the time, such as when:

- the MLS listing contains almost no comments or pictures
- concessions are not clear
- something seems fishy
- on higher-end sales, I will call one of the agents, because more funny business goes on at the top part of the market.

Our MLS has a concessions field that Realtors must fill out when reporting a sale, and along with 10-20 pictures of the comparable, often that provides all the information I need.

 

[Metamorphic]

I would say flawed poll, because I verify with a Realtor some of the time, such as when:

- the MLS listing contains almost no comments or pictures
- concessions are not clear
- something seems fishy
- on higher-end sales, I will call one of the agents, because more funny business goes on at the top part of the market.

Our MLS has a concessions field that Realtors must fill out when reporting a sale, and along with 10-20 pictures of the comparable, often that provides all the information I need.

Ditto. 1234567890

 

[Randolph Kinney]

I would say flawed poll, because I verify with a Realtor some of the time, such as when:

- the MLS listing contains almost no comments or pictures
- concessions are not clear
- something seems fishy
- on higher-end sales, I will call one of the agents, because more funny business goes on at the top part of the market.

Our MLS has a concessions field that Realtors must fill out when reporting a sale, and along with 10-20 pictures of the comparable, often that provides all the information I need.

You have seen the concession entry as "y" with no value?

I also call the Realtors involved especially when I see that the sold price is higher than the list price, with no concessions.

 

[Ken B]

Agents/brokers are useful when collecting additional information regarding a property or transaction. However, as I have learned that there are only two types of people* that will lie to you in this business, I do not consider agents/brokers to be a good verification source. Public records do not lie and are useful verification sources for the information collected from various sources, which includes agents/brokers.

















































*Male and female

 

[residentialguy]

I would say flawed poll, because I verify with a Realtor some of the time, such as when:

- the MLS listing contains almost no comments or pictures
- concessions are not clear
- something seems fishy
- on higher-end sales, I will call one of the agents, because more funny business goes on at the top part of the market.

Our MLS has a concessions field that Realtors must fill out when reporting a sale, and along with 10-20 pictures of the comparable, often that provides all the information I need.

I ditto that, too (although this something usually needs verifying)

 

[Captain Common Sense]

I think that Lloyd summed it up better than I could. I call when I have limited or conflicting data.