SOLD, before you can say Tucson Multiple Listing Service

6830 N Solaz Cuarto turned up as a new listing today at 1:32 pm, and four minutes later it showed up as sold.

Solaz Cuarto is a 1978 La Quinta, simply described in the listing as,  “A La Quinta Classic perfectly maintained and updated “

Obviously this deal was made on the QT, then it went thru escrow and closed, and was only then entered into the MLS.

I’ve extolled the virtues of La Quintas often on these pages and so it’s nice to see that others admire them enough to snap them up.  It sold for $1,050,000 ($232/sf).

6830 N Solaz Cuarto Tucson, AZ 85718
(Listed by Long Realty)

Comments

[john schneider]

Stuart, I'm not saying that it is logical, but it is required for Realtors to sell thru the MLS. Membership has both its privileges and responsibilties. Just like attorneys settle their differences thru legal channels. Plus, listing it thru the MLS gives the agent credit for the sale- for whatever that's worth. Otherwise, no mls, they get no credit for the sale. Makes sense. + the brokerage, Long Realty, Tierra Antigua, or whoever it is, also makes a few bucks on the sale. Makes sense now, huh.
JS

[Stuart]

Not being a real estate broker i have no clue why they had to list it on MLS if, as you indicated, it was already a done deal..."went thru escrow and closed, and was only then listed on MLS".

What is the reason for this? Is it a legal requirement to have homes sold thru an agent be listed even if they are sold? If so, it is one of the dumbest things I have ever seen...and I have seen quite a few in my day. The purpose of listing homes on MLS is to show buyers what is available and for sellers to display their homes for sale.
It was never meant, to my knowledge, as a site to list homes that have already been sold prior to being brought to market.

It seems to me that there would be more logic for the MLS to list all the homes sold "by owner" and the prices that they were sold for to let others know curent market valuations, but to my knowledge the MLS does not do this.

Anyway, JS, you are the pro here so perhaps you can fill in us neophytes into the logical reasoning for listing homes on the MLS that have gone to escrow and closed prior to them becoming listed.