I have found a house I am interested in. I was told that it was recently reduced. But I don't think so. Is there anyway to tell?
2007-06-07 07:20:08 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It probably was recently reduced. I took almost $20000 off a house I recently sold because I wanted to sell it. I still made money, but not as much as I had hoped or the first realtor had led me to believe I could make.
2007-06-07 07:24:57 · answer #1 · answered by Nelson_DeVon 7 · 0⤊ 1⤋
Ask an agent has to do a history search on that address or parcel. Going back a year will give you a good picture. A common real estate practice is to 'refresh listings' every 2-3 months and sometimes a price reduction will show up. There could be several older listings. Maybe the past agent was fired and a new listing may show a price reduction or a break in 'market time'. knowledge of market history can give the buyer insight into 'how motivated the seller is'. An edge. Some agents don't like to show clients MLS history of the property because it may reveal a specific problem to that property or the agent may feel the buyer is looking to steal a property. Either way it slows down the whole process for the agent and basically they want a fast sale so they can get paid ASAP. This is a very general statement but there is much more truth then fiction here.
2007-06-07 08:15:35 · answer #2 · answered by Harley3000 2 · 0⤊ 0⤋
Most MLS's have that information in their database, but restrict it to MLS members, for obvious reasons.
Be aware that there is FAR more information contained in a MLS database than the average person can access.
MLS's are very careful to protect the interests of their members, and the member's clients in terms of not revealing anything which might interfere with a sale.
Some of the MLS information is restricted ONLY to the listing agent of the property and/or his managing broker.
2007-06-07 09:07:30 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
Yes, a real estate agent can see the listing history on the MLS. You cannot see it-- its one of those things that only realtors can see (just like days on market).
2007-06-07 08:22:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Have your realtor pull it up in the mls it will show any reductions.
2007-06-07 07:24:21 · answer #5 · answered by miztiffany 3 · 0⤊ 0⤋
A real estate salesperson can help you with that.
2007-06-07 07:25:05 · answer #6 · answered by hirebookkeeper 6 · 0⤊ 0⤋