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?