If it seems too good to be true
... it probably is.
When incorrect information is entered into the Charleston MLS, real estate consumers who are searching for Charleston real estate may think that they have finally found something truly fantastic. A couple of quick examples.
On back to back days, I received an inquiry on the same property in downtown Charleston. An almost 200 year old home sitting on a quarter acre lot was converted into 3 condominiums and the lot was subdivided and approved for a carriage house that could be built on a portion of the property. But the listing indicated the size of the original lot, not the size of the small portion that the carriage house could be built on so you can imagine the potential interest.
Just this morning as I was reviewing the "hotlist" of all new listings that were entered into the Charleston MLS in the last day, one caught my eye. Most experienced real estate agents have a pretty good idea as to what home values are in neighborhoods and when I saw a home for sale for at least $100,000 to $200,000 below what the neighborhood usually sells for, my first thought was that the agent hit the wrong key on the computer. I'll check later today but I already know the answer.
If it seems too good to be true, it probably is. Remember the phrase, information deemed reliable but not guaranteed.