It is funny how much we depend on technology in the Ann Arbor real estate business these days.
About an hour ago I started having problems with our MLXchange system. (That is the database of property used by the Ann Arbor Area Board of REALTORS.)
Today the MLXchange system was crashing a lot when I tried to look at some detailed property listings. To the point is was almost unusable. So I decided to take a break and catch up on some email.
Just now I received an automated email of a price reduction that sounded too good to be true. It is a West Ann Arbor home that would be priced around $245,000 and the price noted was $125,000. So, I pulled up the complete data and sure enough it looked like there was a big price reduction.
Well the listing agent is someone I work with a lot and she is normally very professional. As I looked at it closer something didn’t make sense so I decided to call her and see if it was just a typo she would want to fix.
It turns out she knows nothing about a price reduction! It would appear that the MLXchange system reduced the price without human intervention!