Bad miss

Rookie mistake today.

Saw a deal on the MLS priced at $299,000. Looked pretty good, so, without waiting to talk to the listing broker, I threw together an all-cash offer for $260,000 and sent it over, figuring we’d settle at $280,000 or something.

Got the following email back from the broker:

“Sold for 340k just a little bit ago”


P.S.: It’s fine-worthy for a broker not to change the status of a listing on the MLS. So, for example, this deal should have gone “pending” when it went under contract and then “sold” when it sold. Imagine if I had run around getting a buyer all excited about the deal, only to find out I wasted everyone’s time: Not cool.