Why would a new neighborhood have listings that all have a "withdrawn" status?
January 312010
Hi, I am trying to purchase a home in a brand new community in which the previous owner recently was foreclosed upon. Now the community building new homes and I am attempting to make a purchase. I did an MLS search of the community, and all homes in the community save one, have a status of "withdrawn". I recently made an offer on the home I wanted, and the agent flat out rejected the offer. Is this normal? No one currently lives in the community.
That does sound suspicious. Perhaps there are construction problems that make it illegal for the houses to be sold yet. Or perhaps the builder is in bankruptcy court or something, or a lawsuit, or…who knows what. Anyway, I’d look toward a different location for now.
You shouldn’t have much problem finding something in this market. It’s a buyers market now, so feel free to make offers below asking price.
(and if you’re looking in Columbus, Ohio, I have a home I need to sell…let me know if you might be interested.)
January 31st, 2010 at 9:46 am
That does sound suspicious. Perhaps there are construction problems that make it illegal for the houses to be sold yet. Or perhaps the builder is in bankruptcy court or something, or a lawsuit, or…who knows what. Anyway, I’d look toward a different location for now.
You shouldn’t have much problem finding something in this market. It’s a buyers market now, so feel free to make offers below asking price.
(and if you’re looking in Columbus, Ohio, I have a home I need to sell…let me know if you might be interested.)
References :
Just bought a house in Maryland.
January 31st, 2010 at 10:26 am
THis is pure speculation, but are they lower end condos or townhouses? If so, maybe the owner is negotiating with an investor who wants to buy it all and rent out the units. Or maybe the investor is buying them and getting a bulk discount and will resell them later at a profit.
References :
January 31st, 2010 at 10:36 am
This is just a quess, but it is possable the builder fired the realtor, which is way all the MLS listing show as Withdrawn.
Go to the development in person and see if there is an onsite Realtor.
Also. even though you are buying a newly built home, you should still work with a Realtor that will repersent you! The builder has one, and so should you, it will not cost you to do this.
Need a good Realtor?
If In Alabama – e-mail me
If not in Alabama – I can still recommend an experienced Realtor from your area that will give you OUTSTANDING service! I work with a network of Realtors across North Amercia.
http://www.pauld-kw.com
http://www.bhammls.com/dziedzic
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