Listing agent doesn't want to show property...until.. ?

4 Replies

So I'm browsing the MLS (Why not?) and find a property listed pretty low for it's neighborhood. (What I'm looking for). The description says its being listed low because it's a fixer upper (What I'm looking for!). The outside doesn't look so bad. The front stoop is rotting, the yard is overgrown but nothing intimidating. What does the INSIDE look like?!?! No pics. So I call the listing agent immediately (Be quick or be dead, right?) and he tells me there will not be any showings for 2 weeks. (huh?). Apparently, there is "clutter" (Hoarder house situation maybe?) and talk of a sewage back up (OK, now we're getting somewhere) where the owner has been getting bids of $8k to repair. (Maybe that explains it? - Old woman, can't keep the property up, is faced with an $8k required repair, she cant afford it, forced to sell for what she can get for it, is it that simple?) So clean up the yard, replace the front stoop, hire a rooter Co. for $8k to bring the sewage situation back up to code, OK, there is still opportunity there to make money. But why wait 2 weeks to show the inside?

Is there something a potential buyer/investor would see that would send them running for the hills?  Is it a hoarder situation and they need 2 weeks to throw out all the clutter?  Has the sewage backup become so bad its rotting foundation joists and it needs major foundation repair?  

Every real estate agent I've ever known has always wanted as much foot traffic through the place as SOON as its listed, maybe even have a few interested parties lined up before it's listed.  So why no showings for 2 weeks?  What's up with that?   All replies welcome and much appreciated. 

When a property is tenant occupied the seller and agent need to work with the tenant to get people in. If the person is a hoarder, they likely dont want people coming into their space. In fact dont be surprised if the date to see it gets pushed back several times.

My immediate concern would be how long was the sewage backing up, and has it caused irreversible damage. If this sewage problem has been ongoing for months/years, which is not uncommon in hoarding situations, you could be looking at so much contamination, that a complete gut is necessary. 

I would call the city and fully understand what their expectations would be in this scenario. I would suspect they are fully aware of this home and have probably visited and deemed it unsafe to occupy. 

My guess for the delay of showing the property, is just to get the home cleaned out of the hoard. This would allow the home to "show" better, rather than have piles of trash for the buyers to climb over. 

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Update - So by the time the agent was allowing viewings, he jacked the price up by $10,500. I guess they cleaned up or fixed up the inside a bit and figured it didn't look as bad as they first thought. So now its sitting on the MLS with little to no interest. Too scary for people looking to move in & not enough meat on the bone for investors to flip. Why didn't the realtor clean/fix up the place first and THEN list it on the MLS at the higher price? Looks like bait & switch tactics on the Realtor's part.

Originally posted by @Ralph Stowe:

Update - So by the time the agent was allowing viewings, he jacked the price up by $10,500. I guess they cleaned up or fixed up the inside a bit and figured it didn't look as bad as they first thought. So now its sitting on the MLS with little to no interest. Too scary for people looking to move in & not enough meat on the bone for investors to flip. Why didn't the realtor clean/fix up the place first and THEN list it on the MLS at the higher price? Looks like bait & switch tactics on the Realtor's part.

It doesn't surprise me.  He probably delayed showings to try and get more money.  his job is to get the most he can for his client.  If you like it, put in an offer at the original list price and leave it on the table for a week or two.