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What is up with real estate listing language?

 
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Richthofen



Joined: 02 Apr 2014
Posts: 69
PostPosted: Fri May 02, 2014 3:00 pm GMT    Post subject: What is up with real estate listing language? Reply with quote
If you want to know why I despise realtors, this listing might help you understand. What is up with 'All offers due by' language? Are selling agents so demanding now as to assume, "of course this will sell after the first open house". The rest of the language is just... awful.

http://www.redfin.com/MA/Arlington/140-Wollaston-Ave-02476/home/8461183

WOWEE! We've got a LIVE one on our hands here! First time to market EVER & major renovation just completed by largest, most reputable home buying company in the country. Partial list: brand new kitchen with maple cabinets, UNDER CABINET LED LIGHTING, granite countertops, stainless appliances, open concept (dining/kitchen), island/breakfast bar, custom tiled fireplace, remodeled bathrooms, flawless mahogany stained hardwood floors throughout, amazing HEATED finished basement w/ large family room and a separate office space for Dad's home office, fenced in back yard, patio, brand new maintenance free siding, and brand new roof. SELLER PAID 1 YR HOME WARRANTY if u close in 30 days or less. Priced properly and this one is expected to sell IMMEDIATLY so get on it. The spring market is here! HURRY! ALL OFFERS ARE DUE BY 6PM SUNDAY 5/4/14
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admin
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Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
PostPosted: Fri May 02, 2014 3:17 pm GMT    Post subject: Re: What is up with real estate listing language? Reply with quote
Richthofen wrote:
If you want to know why I despise realtors, this listing might help you understand. What is up with 'All offers due by' language? Are selling agents so demanding now as to assume, "of course this will sell after the first open house".


Yes. This started last spring, from what I can tell, and it's probably the norm now to have a "deadline" of a day or two that they inform you of at the open house, if not in the listing itself. I find it a lot less presumptuous when they phrase it as "offers, if any, will be reviewed by XX/YY," though that's the minority of listings.

There was what seems like a tidal wave of new listings this week. Perhaps the ketchup bottle has become unstuck and this will end the inventory drought. It's too early to know at this point.

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mpr



Joined: 06 Jun 2009
Posts: 344
PostPosted: Fri May 02, 2014 4:37 pm GMT    Post subject: Reply with quote
What a gem !

Apart from everything else "a separate office space for Dad's home office"
(because Mom would be in the newly renovated kitchen obviously).
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admin
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Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
PostPosted: Fri May 02, 2014 7:58 pm GMT    Post subject: Reply with quote
Richthofen,

I just remembered probably the worst offer deadline anecdote I've witnessed. Last year, there was a house in Lexington that had been on the market for a day or two and I went to their first open house on Saturday. It was packed, and I overheard a woman ask a man who I surmised was the owner (the Realtor had gone to go get more brochures, I think) what the timing was for offers. He said they were due by 5PM today. Her response: but don't you have an open house scheduled for tomorrow too? (She was right.)

That said, they did cancel the open house the next day, so at least they weren't bluffing. I have seen a non-negligible number of listings with "deadlines" that were bluffs.

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optimus



Joined: 23 May 2008
Posts: 39
PostPosted: Sat May 03, 2014 3:14 am GMT    Post subject: Reply with quote
2 whole days to put in an offer. Some sanity needs to return to this market.
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