More frequently these days I’m noticing that, at least to my suspicious eye, the local record keeping for my “profession” (yes Walt, I know, that’s why I put it in quotations) is being manipulated. For instance, 253 Round Hill Road sold last Wednesday for $16.5 million (from an original price of $25, but still a good sale). Under the MLS rules as I understand them, that sale should have been posted by Thursday. As of 1:00 Monday, there’s no such report. Now I don’t know why it is being kept off the MLS – you’d think the selling agent, at least, would want to crow about it, but there must be some reason, and I wonder what that is.
Similarly, I’ve been writing recently abut listing and sales histories being disappeared and here, I think, is another one: 504 Round Hill Road has been for sale, unless I am mistaken, at least since 2003, yet it shows only a truncated history back to 2005, when it was asking $8.5 million – it’s down to $6.750 today.
Realtors depend on accurate records to advise their clients, both buyers and sellers. When those records are corrupted, whether by posting “sales prices” millions f dollars higher than the actual selling price (the broker explained that one by claiming that the house would have been worth that much had it been finished!) or wiping out old prices or long histories of failure, it makes the records useless. That may benefit some brokers – I don’t know, but it certainly harms the rest of us and all of us pay the same dues and fees to maintain the system. o what’s going on?