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why are you still showing homes for sale if they are already sold

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July 28 2013 - Greenwood
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Answers (6)

Good answer Tim! Thumbs up!  : )

Oh....if I only had time to check every real estate site daily for their reliability...
They take our information.....it would be a full time job to check every site to make sure they are accurate....

Like I said, most of us, do the very best we can to give the public good information. The best way to confirm information you see on RE sites is to call AN AGENT and get up to date info.


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July 29 2013
Stephanie, the real truth is even though the real estate market has started to pickup in the most recent 1 - 1 1/2 years buyers still have the tendency to drop out of escrow therefore a good Listing Agent / Consultant would ensure the property is still being marketed and accepting backup offers until the loan is funded.

Remember just because an offer has been accepted by the seller doesn't mean everything is a done transaction. I have seen all cash buyers walk less than 2 days before closing, forcing the property to be put back on the market.

Regarding short sales, if they are not pre-negotiated with the bank then they can take months to get approved and closed therefore there is an 80%+ drop out rate from buyers on short sales.
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July 29 2013
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Zillow "DOES" offer a "PENDING" status, if members of NAR would bother to do their work and update their listings.

Yes, an offer that is still in "review" is not "pending" yet.

Yes, over 90% of the "outdated" listing information has nothing to do with an offer still being in review.

But the original poster already clarified the question was about pre-foreclosures, auction date set; which is an entirely different problem.

Zillow gets the "auction date set" information from 3rd party data collection companies that copy it from the public records.  You would think Zillow would run it through a software filter and remove any where the auction date already has passed, but they don't.  Instead, they put a notice on each "auction date set" that the dates may change, and one should check on the current status.

That may be fine for a few months; but after a year or two, they should just remove the status.  But they don't.  I've already asked their policy on this issue, and they stated they would check into it and get back to me.  That was months ago... they still have not gotten back to me, likely because the corporate officers and board never made up their mind what their policy "should" be.

And I still have no idea why hard working diligent Realtors® feel compelled to stick up for lazy Realtors® and intentionally deceptive Realtors®.   Not all Realtors® are alike, in spite of many Realtors® regularly posting to just call any Realtor® because they paid their dues to NAR, so they must be a qualified "expert" in their local area.
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July 29 2013
Wow, Pasadenan....this is probably not the case. The fact is that Zillow often does not offer a "status" as our MLS does for properties which are awaiting a third party approval. In many of our local MLS services, we have a status which reflects that it is under contract yet awaiting third party approval (typically the bank on REO's, short sales, etc) so it remians showing as active on Zillow because we can't actually say it's Pending, because that would be against our MLS Assoc. rules. Simply call the agent, or any agent in the area in which you are looking stephaniemanly1 and they will be happy to explain. We really do try to do the best we can by supplying sites like Zillow the best info we are able.
Good luck in your search!
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July 28 2013
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I am talking about foreclosures, auctions and short sales.
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July 28 2013
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Are you talking about "foreclosures", "pre-foreclosures", or "for sale by agent"?

If you are talking about "for sale by agent"... it is simply because many agents don't want to update their listings.  Nothing can be done about it.  This is a "FREE" classified advertisement service, and the agents cannot be "kicked out" simply because they refuse to update their listings.  As most of the listings come from the agents, there is no other source to go to.  Zillow does not have "access" to the approximately 900 MLS's in the nation.

Many of the agents do it on purpose, in hopes of selling something else if someone calls.  That is the nature of the "code of ethics" for Realtors®.
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July 28 2013
 
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