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You can reach Jim at walkerbagwell@aol.com or 321-213-0615

Sunday, April 20, 2008

Do you know what site you are on???


Real Estate Deception

If you have been searching for property at a distressed price and find yourself inundated with emails from RE agents that are unsolicited on your part, there is an explanation.

Almost all RE agents in our area are members of Space Association of Realtors, we pay significant dues for the right to be part of this group. Part of our dues go to supporting the web site with public MLS access, this feature allows the public to view all listings that all realtors have on the market in our area. We also get ethics training from SCAR, Hmmmmm!

With the market being how it is, I am sad to say it has brought out the worst in a lot of our peers. If you search www.brevardmls.com you will get the Innovia site which is the official site of our board to allow the public to search all listings. However if you google brevardmls you will find that you are on a brokerage site or an agent site that is funneling inquiries to their personal site and they will commence to inundate you with emails for business.

Is this right? Absolutely not, can it be corrected, only with a willing board to step on toes and hold people liable to following the few rules that we have to serve the public. I have faith in our board and the situation has been brought to their attention. I hope this will not become a legal or ethical problem but we will see what shakes out of the bushes.

In the meantime find a buyer’s agent you can trust and go with it. There are good deals out there!

Example:
A brand new home on a canal in Cocoa Beach priced at $599,900. It appears that the original price was $629,000 however if you do the research the original listing price was $799,900. This home sold in 2005 for $400,000, it was then taken down and rebuilt. It is now a beautiful 2 story home 3250 sq ft 5 bedrooms 3 ½ baths 2 car garage, dock and all the upgrades. Is there a downside, yes the street will take years to catch up to this house. Upside, if you plan on making this your home you have time to wait and meanwhile enjoy this wonderful home on the water.

Enjoy

Jim Bagwell

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