Suspected SCAM in Carmel Moutain Ranch -- help

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Submitted by spring_bubble_09 on May 14, 2009 - 5:52pm

I have put in an offer for a house ( MLS # 090018884)
and suspect a scam

1. initially listed @ 489-515K
listing agent told my agent that offer is in the approval stage with a buyer, so only backups accepted.
2. later listing agent says short sale not approved by bank, property no longer active for showing also
3. PRoperty comes back on the mkt @ 520-535K, and listing agent says existing buyer now willing to match the current listing price.
4. I put in a good offer (mid way into the range ( 520-535K)
5. The agent now says waiting for more offers.....

The property is overpriced in my opinion. The comparables are @ ~ 300 sq/ft and this one @ 527 comes up to 350 sq/ft..

PLease advice....

Submitted by UCGal on May 14, 2009 - 10:05pm.

How does someone get to a short sale so soon after buying? Looking at sdlookup it sold July 08 for $524k.

Not sure about the scam part - just noting how quickly the current buyers got into distress. sale approval.

Submitted by SD Realtor on May 15, 2009 - 8:30am.

If he gets the right price he will not need to sell it short. That is what he is trying to do at the moment.

Submitted by BGinRB on May 15, 2009 - 9:50am.

So, you believe it is overpriced, yet you made an offer in the range?

And you suspect scam because the seller believes there might be an even bigger fool out there after seeing you?

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