Honestly, I’m Not Making This Up: MLS Rants

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Last week, I criticized the practice of some agents who hide potentially important information from buyers by putting it in the secret “agent’s only” section of the MLS called “private remarks.” I stand by that post: if it is important enough for the buyer’s agent (and would not cause embarrassment or a security risk) I really think it should be disclosed to all.

This week, we shall travel a slightly different road – the agents who are honest, and sometimes brutally so. I recently came across a closed listing on the MLS that had some rather fascinating private remarks. Intrigued, I read the whole listing, and was surprised to see this in the public section:

“If you want to go through hell, try presenting an offer and closing it. . .. and if you have to ask for an extension, just cancel while you have a chance.”

(I won’t embarrass the listing agent by identifying them here, but if you really want to, you can go ahead and Google that remark and you will likely come up with it on your own.)

What were they thinking?
I can only surmise that the listing agent was having a very difficult a time with their client getting a deal done on this property and put this up in frustration. While I can certainly commiserate with the agent, I don’t think this sends the right message to anyone involved: the buyer, the buyer’s agent, or most certainly, the seller (likely an institution that the seller’s agent wagered would never bother to read the MLS.)

Here’s another one: From a current listing

“TLC required. Property must be purchased in AS-IS condition and buyer will assume all rent controls ordinance placed on both properties. Neither Bank nor seller will pay for any repairs or inspections or termites on this property. Must submit offers without seeing the home.”

While this listing was not openly dismissive of the seller, I just love that the last part – and the invitation to go ahead and buy a pig in a poke. Maybe you’ll get lucky. On the other hand, maybe there’s a reason why the seller/Bank won’t pay for any repairs. You decide.

Who says real estate agents are dry? They can be quite funny sometimes.

Photo: Jason Rogers, via Flickr (CC license)

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8 Comments

  1. “TLC required. Property must be purchased in AS-IS condition and buyer will assume all rent controls ordinance placed on both properties. Neither Bank nor seller will pay for any repairs or inspections or termites on this property. Must submit offers without seeing the home.”

    This kind of stuff makes me laugh. My favorite is when lazy REO agents take the picture from Google Street View as the MLS photo of the property. But right now, you could put pretty much anything in the description and the property will sell over list.
    .-= Steve´s last blog ..Shadow Inventory, to stay a while? =-.

  2. This is so funny… but not. Amazing the laziness of agents. REO’s get what they get.. somehow just handing someone a listing and not making them work for it.. you’re gonna get that! On the other hand with private sellers,.. they should demand a copy of the MLS – will confidential and public remarks and be a part of the marketing process.
    How about this one: ” Something for everyone,.. but not just anyone… Be careful where you step” (Recently uncovered locally!)
    How about the photos too.. close-ups of what you don’t want to step in while you are there…!
    I could write a book!

  3. Craig Grella on

    When the market was going crazy in the early to mid 2000’s there were thousands of people getting their agent licenses every day. Fortunately most of them have been weeded out at this point, realizing it takes more than just a yard sign and a smile to sell a home.

    However, your post and research proves there are still a few hold-outs. Funny stuff. Sad, but funny.

  4. I don’t know whether to laugh or just shake my head in disgust…and yes I see a few of them up here too.

    I don’t know if the numbers were put in wrong but a “short sale” (in the description) valued at 219K apparently (tax-assessed) was just listed at 275K. Huh…??

  5. Florence,

    This comment is hilarious…

    “If you want to go through hell, try presenting an offer and closing it. . .. and if you have to ask for an extension, just cancel while you have a chance.”

    As you suggested, this comment seems to be frustration on the part of the Realtor.

    I find this funny more than anything, and I don’t think that it is incompetence on the part of the Realtor.

    Rather, sometimes people need to learn to have a ‘verbal filter’. As in, they need to think carefully before they say or write something.

    🙂

  6. The first example (“if you want to go through hell etc.”) is a clear breach of the Realtors’ Code of Ethics and — in Florida — a violation of state law. I hope the seller finds out.

    The second example represents the express instructions of the seller and/or lender. A buyer will be advised by his/her agent to make the offer subject to inspection and perhaps to certain other conditions as well.

    • I agree, though I don’t think you even need to go so far as to consult the ethics rules or state law to know that the first one does not pass the common sense (or straight face) test. As to the second one, you are quite correct.

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