Deal under the table after being on MLS, is that legal?
One of my neighbors had his townhouse listed this week where they were supposed to have an open house over the weekend which I wanted to go and see the inside of it.
I look on MLS on Sunday and I notice it doesn't show as open house, so I think maybe I seen it wrong before.
Towards the afternoon I see quite a few cars in their driveway and on the street and after some time I hear outside a bunch of happy people and I hear one of them say to the other, welcome to the neighborhood.
I take the dog out a few hours later, I notice the realtor removed the for sale sign and a day later it's no longer on MLS at all.
I wait a few days and ask my realtor to take a look at his MLS and all it says is that it was removed, no mention of it being sold.
I talk to my mom about it, and she says it was probably sold under the table so everyone can get some break on the price/commissions and avoid paying brokerage fees/taxes.
Again, I could be wrong about this as it could have yet to update or maybe they really did remove it from the market because they believe it's too slow right now or for a different reason.
But if I'm not wrong and they sold the house without MLS, let's say they just sold it for 100k above anything else that was sold there recently, that is like me losing 100k of equity right there just because they don't want to have it on MLS after it clearly was on MLS.
Am I being petty for being upset about it? Also keep in mind that I just moved into this neighborhood, so you can be sure that they used my purchase price as basis for their asking price and/or sale price.