Wednesday, February 22, 2012

Real Estate Listings in Hardin & Meade County


I can't tell you how many times I have come across this.  Whether it was for our personal search for a home, or while I was out appraising, I have seen more than my share of homes that do not match their listing description.

The most recent was a home I was appraising in Radcliff, KY.  The MLS description said it was an updated three bedroom home with a large lot.  When I got to the property, the only resemblance of a third bedroom was an entertainment room with a wet bar.  Unbelievable.  They wondered where the value went when I used two bedroom homes as comparable sales.

Here is a great article on this topic from bankrate.com.

http://www.bankrate.com/finance/real-estate/lying-listings-fool-more-homebuyers-1.aspx

1 comment:

  1. Feel free to post your horror stories that you have seen about "lying listings".

    ReplyDelete