Saturday, March 7, 2009

Cloudy Condos: 17 Condos Missing Basic Data

Of 186 active condo listings on the multiple listing service in town, there is no property tax or list history for 17 of these (see table below). Does this make a difference to a Buyer? I come down on the side of more rather than less transparency in real estate sales. In the current environment with all its uncertainty, why would a seller add more uncertainty to the sale/purchase process by withholding or not providing basic data that 90% of the market provides?




If I were a buyer looking at properties without tax and list history data, I would at least discuss the absence of the data with my agent. Who knows where that may lead.

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