I keep telling myself. “Don’t Blog Angry”.
But that is the only time I have something to say.
Buyer to verify on a listing makes me angry.
For those of you that read my content, you know I have bitched about this before.
A listing for real estate requires the listing agent to fill out an MLS data entry form.
When the listing agent is lazy or perhaps hopes they will have more time to sell their own listing if they do not completely fill out the data entry form, we may see those evil words, buyer to verify.
It means that the information to analyze a property is not provided by the listing agent.
Examples: Pet restrictions, lease restrictions, building/development restrictions and more.
Plantation Palms is an excellent golf course community. Very Nice. NO PET RESTRICTIONS. But of 65 listings up until last year, every listing said buyer to verify for pet restrictions. I know why, it took me 5 days to verify with the HOA, that there were no pet restrictions. Here is the big deal. If you come to town with your 120 lb. dog, you will not know that this neighborhood allows dogs and more importantly big dogs. There is only one listing in that community now. It says buyer to verify under pet restrictions. $735,000 home and every buyer’s agent with a client with a dog, will have to call the HOA to verify.
AHHHHH. Staying on pet restrictions. Right now, April 29, 2023, at 7:55 am, there are 1911 active residential listings. 42 of them have no pet restrictions. 82 listings allow a 101 lb. pet. Think about that. Here is a topic for another blog post. How to search for your criteria.
Lease restrictions. Some communities require you to own a home 1 or 2 years before you can rent it out. When it says buyer to verify, it means that it will not show up as an option for a landlord. If there are no lease restrictions and it says buyer to verify, it means that buyers agents will not put it on the list for landlord buyers.
Here is a statement on a vacant lot. Seller has no info on the lots. All info would be gained through Pasco county development. The seller is related to the Realtor. This seller bought the lot in 2005 for $12,400 and is now trying to sell it for $12,500. The owner has held it for 18 years, paid the taxes for 18 years, can’t sell it, won’t develop it and is refusing to disclose. After 18 years, this seller has no idea about this property. If I was the Realtor, I would disclose or refuse to take the listing.
So inconclusion: DO NOT LIST YOUR HOME WITH A REALTOR THAT PUTS SELLER TO VERIFY ON THE LISTING. If they are too lazy to do their job on one of the simplest most basic parts of the job description, you have to ponder what else they are not doing.
Randy Jenkins. Bitcher.