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Updated almost 6 years ago,

User Stats

245
Posts
216
Votes
Darius Kellar
  • Real Estate Coach
216
Votes |
245
Posts

Properties are being hogged from the Public Market.

Darius Kellar
  • Real Estate Coach
Posted

I've notice that properties are being sold with the printed line "pending at ink" which means the seller accepted an offer before the property gets released on MLS. 

What I believe is really happening, is that properties are being held back purposely from the public market and hogged to limit other people from buying it, which could have a negative effect on a realtors commission. Realtors will get the listing and instead post it to the public for fair game they use their personal contacts to sell the house. I think this should be banned and at least have a 2 or 3 day mandatory MLS posting period before an offer is accepted. 

Although Iv'e seen this many times. I only mention this because the houses that are selling with the "pending at ink" label, could have sold for easily double the amount in a matter of days. 

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