Real Estate Agents Manipulate Data
This post on the Southern Maryland Housing Bubble News blog shows how easy it is for real estate agents to manipulate home data to deceive buyers. The blog has a photo showing how a local RE/Max agent doctored data to mislead buyers about the price of a recently sold house in addition to how long it had been on the market.
December 19th, 2006 at 4:22 pm
This is also common during refinancing to achieve a valuation low enough to force the owner to retain their PMI.
Most home owners don’t know that mortgages and valuation are extremely subjective and negotiable.