Profile picture for richjlaw

Thousands of homes for less than $1000!?

Can anything be done about the number of home across the US (maybe as many as 20,000) that are incorrectly priced for sale in the hundreds/thousands rather than the hundreds of thousands or milions. eg. $725 instead of $725,000. 

 

It really messes with searches for buyers and I'm sure it doesn't help sellers to sell unless they really want to give their house away (although I have a feeling it it is the sellers fault and they  must have missed the invention of the zero!)

  • February 17 2008 - US
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Answers (3)

Profile picture for Ice L.
  • Ice L.Zillow
  • 15645 contributions

richjlaw -

 

Thank you for reporting this. Please provide several addresses so that we can further investigate.

 

Thank you.

  • February 17 2008
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Profile picture for richjlaw

Honestly there are thousands of listings - me pointing out one or two would be rather pointless - if you just search for houses under $2000 you'll find them - although there are also multi-million dollar home trying to sell for a few thousand too!  But just as an example:

 

http://www.zillow.com/search/RealEstateSearch.htm#view=ver=1&op=search&scen=s1&map=(Aw:AN138995172!As:24157808!Ae:AN64624535!An:54124485)&params=(p22:AI0AM2000AJ)&mode=(zoom:3!sortANdir:u!sortANparam:x9)&dg=dg2&loc=map

 

 

 

  • February 19 2008
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I've noticed the same thing; but I also have noticed 3 specific types of errors:

1) Proposed monthly rent listed instead of purchace price

2) Decimal place error; apparently from "autofeeds" from other realtor sites that list in K$

3) bonus incentive to buyer realtor, or similar --- listed as the sales price

 

The only other exceptions I've seen are when the building is being sold without the property (buyer required to relocate), or the association fees for a condo are so outragious the seller needs to just dump the property to get out from under the association fees.

 

  • February 20 2008
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