Hella M. Rothwell, Broker/Realtor®, Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

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Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

It could be either, but it's likely it was a typo.  It happens here sometimes and we get tons of emails and calls from people searching our website wanting to make an offer quick.  We usually tell them that if the price were that low we'd be buying it ourselves...and then we laugh....and then we call the listing agent and make sure they know the mistake (which they generally do by then because they are also getting a million calls on it)...-Kasey

Mar 27, 2017 01:10 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Hella,

For the most part, we work to stay away from figuring out what people are up to.  We just deal with those who are above board.  

Mar 27, 2017 09:24 AM
Rainmaker
4,272,524
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I hope it is a goof because the difference between $230,000 and $2,300,000 really gets my attention in some areas...

Mar 27, 2017 12:05 PM
Ambassador
6,356,194
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Probably careless, a mistake like this only puts it into a category of buyers who would not be interested or able to buy it.

Mar 27, 2017 10:09 AM
Rainmaker
5,096,366
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I've not heard of this. Sounds like sloppy input to me and I don't know why an agent would do it.

Mar 27, 2017 09:12 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

my thoughts on that are the agent is a one person show.... does not need nor want any cooperation from other agents....selfish ....

Mar 27, 2017 09:11 AM
Rainmaker
4,554,044
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Stuff happens.   A lot.  In the mls and in the real world too.  

Mar 28, 2017 04:52 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Hella M. Rothwell, Broker/Realtor® - now that is not right for sure. One must read the instructions while inputting the listing in MLS.

Mar 27, 2017 10:52 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I see it too in my area and think it is a clerical error of mistyping.

Mar 27, 2017 06:05 PM
Rainmaker
151,633
Julie Larson Realtor® Sarasota FL 941-284-9826
White Sands Realty Group FL | 941-284-9826 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

It's hard to know their intentions. I tend to think it's a mistake they are correcting. Otherwise they're going to look pretty foolish in front of their peers.

Mar 27, 2017 05:32 PM
Rainmaker
2,775,781
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

so many people forget about that history trail

Mar 27, 2017 02:38 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

once is a goof, twice is intentional

Mar 27, 2017 02:15 PM
Rainmaker
5,192,339
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I'll go with mistake just to be optimistic!

Mar 27, 2017 01:47 PM
Rainmaker
678,988
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Seems to be a typo/mistake/boo boo/oops!

Mar 27, 2017 01:03 PM
Rainmaker
707,152
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Typically this is just a mistake in our market. We don't have many (that I know of) who intentionally put the wrong price in MLS.

Mar 27, 2017 12:13 PM
Ambassador
5,204,479
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I would venture to say that it was just a typo/data entry but, Annette Lawrence , Palm Harbor, FL 727-420-4041 makes a great point. The strategies these MLMs are coming up with never cease to amaze me! 

Lately I've seen price reductions by $100 every week - to get back to the top of the search engines!  And it's one particular company who does this!

Mar 27, 2017 11:17 AM
Rainmaker
1,840,036
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Seems stupid at least in my market area. Can't see a benefit or I'd know about it. In fact in ours, we loose the initial inertia if we have to change the price or if it's input correctly. Then it's not a new list it's a price change.

Mar 27, 2017 10:39 AM
Rainmaker
7,792,584
Roy Kelley
Retired - Gaithersburg, MD

Probably a typo.

Mar 27, 2017 10:39 AM
Rainmaker
1,722,826
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

It does make the listing look very bad in the sales price history andI am sure a mistake

Mar 27, 2017 10:15 AM
Rainmaker
1,153,744
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I did that once, unintentionally of course, The Seller would have loved a $17,000,000 sale price but we settled for $1,700,000 instead. I do not see it as a marketingstrategy Hella. MLS voided my mistake from the history although you have to catch it quick enough.

Mar 27, 2017 10:00 AM
Rainmaker
1,498,438
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I think some people are just goofs or keyboards stick.  Saw a few houses accidentally listed in the several hundred million dollar range (700m) and one that was listed for 3 grand once.  I called that 3 grand agent and said "I see you listed a house for 3 grand. I have the cash on me, where can I meet you?  I'll waive all the contingencies and even write with you."  We both laughed for quite some time about it.

Mar 27, 2017 09:48 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

By "ooo" amount.

It is a data entry issue. Contrary, it is more likely caused by delegation, and not because of an exhausted solo agent. VERY likely a team member with a MLM company.

The seller and agent agree to price $20,000 above expected sale price and establish a plan to reduce by 5K every week, restrict showings, and make clear what equals an acceptable offer.

Many MLSs make this strategy extremely beneficial and takes the control away from the buyer agent.

Mar 27, 2017 09:42 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Hella M. Rothwell, Broker/Realtor® Bad input and not proofing their data before submitting to the MLS.

Mar 27, 2017 09:41 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Thoughtless. I have seen it for years.

Mar 27, 2017 09:12 AM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

all about marketing

Mar 27, 2017 09:08 AM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Hella - I would give them the benefit of the doubt and say that it was a typo, unless it is the same agent, or same brokerage doing it over and over again. I have seen some pretty fishy things in our MLS as well, and it has to do with DOM. They are somehow lowering the DOM back to 1 (making it look like a new listing), on a home that has been on the market for 100+ days, and I am not sure how they are doing it.

Mar 27, 2017 07:56 PM
Ambassador
2,679,349
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 The MLS Committee will usually catch it, and notify the agent to correct it (72 hours).

Mar 27, 2017 03:07 PM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

We have a rash of them in our MLS since they default 000 in the price, so for a 300k home, you type 300 unless you want a 300 million dollar price by adding 3 zeros

Mar 27, 2017 11:51 AM
Ambassador
3,581,979
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

I don't know Hella - I haven't seen that here.

Mar 27, 2017 11:28 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Goof.

Mar 27, 2017 10:14 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

It could simply be a typographical or clerical error.

Mar 27, 2017 10:07 AM
Rainmaker
1,237,495
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

e.g.  acreage is 5500 acres not sf....

Mar 27, 2017 09:46 AM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I think its generally typos by the agent input and then they correct fairly soon

Mar 04, 2018 09:55 AM
Rainmaker
5,850,101
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I see this too, but less so lately.

Mar 29, 2017 08:17 AM
Rainmaker
599,124
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Sounds like somebody doesn't know what they are doing.

Mar 29, 2017 05:32 AM
Rainmaker
1,530,867
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Could be either. Not sure why that would matter in the sense that regardless, whether I show it or not only comes down to: 1. do I have a buyer for it? 2. is my buyer interested in it?

Mar 28, 2017 06:29 AM
Rainmaker
987,152
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

That's a fineable offense in my MLS and should be reported

Mar 28, 2017 05:28 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I'm guessing it's a goof.  

Mar 28, 2017 05:13 AM