Remember this RSF house that listed in December as a short sale for $799,000?

Even though it’s Hacienda Santa Fe (non-Covenant), the price sounded reasonable, and they did have offers. It was marked pending the first week of January.

But in March it came back on the market – at $1,020,000.  The agent remarked,

“Lender has set price – no lower offers”, which just begs buyers to either make lower offers, or ignore it. 

The seller cancelled a couple of weeks later, relisting with a different agent who kept the same price and remark, but added this: “House had foundation repair in 2001. Buyer to have inspection by Qualified Geotechnical Engineer.”

A couple of weeks ago they finally lowered the price to $895,000, but it’s still not pending, seven months after first hitting the market.

Think the lender is sorry they didn’t take the first deal?

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, which began in September, 2005. Stick around!

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