I have a question on mls listing sheet of the house.It has a "sold by" field on top section after the address/directions section. Can someone tell what it means?
Reason I'm curious is that this field lists out my agent name (buyer's agent) as the sold by company. I know that sellers name (based on contract) are different and the listing broker(mentioned in mls sheet) is also different so wondering why the buyer's agent is listed in the "sold by" section in listing sheet. I was thinking this "sold by" would have been sellers broker? Or am I incorrect with this assumption?
Hi @Ryan Bird - just a terminology issue. Inside the industry, we call the buyer's agent the "selling broker" and the seller's agent the "listing broker".
So, the "sold by" would be the agent that represented the buyer and if it said "listed by" that would obviously be the agent representing the seller.
Why are the home prices in Chicano stagnant or coming down? I’m looking at northwest suburbs specifically and either prices are the same or have come down since 2015. Trying to see if buying single family/townhomes and renting them is worth it (profits after mortgage and tax) in Chicago or if I should look at other markets. Do you see any property appreciation in the coming years in Chicago? Is property tax a main blocker for appreciation? There are lots of tech opportunities booming in Chicago and I’m surprised it’s not reflecting on housing markets appreciating compared to other major cities. Thoughts?