We have a home that a real estate agent listed in the paper for almost 5 thousand dolloars more then what we had agreed on, now when it is corected it may look like we reduced our price coasting us time and money.
2006-07-08 05:22:38 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
That's how it works, you hired them, now let them do their job, they are building in negotiating room. The potential buyer will try to get the price down to "WALLA" your asking price. Now step back and let them do their job.
2006-07-08 05:29:01 · answer #1 · answered by dhebert244 3 · 0⤊ 0⤋
If you feel that the error will significantly damage the prospects for you to sell the house, you will have legal remedy available for you for up to the amount of lost profit from the error, IF it was intentional. if it was simply a typographical error, it is subject to correction at any time. you also need to take a look at the price quoted on the Multiple Listing Service, ask your real estate agent for a copy of the listing. if the price on the MLS listing is not the price that you agreed upon you will have evidence that your agent made a breach of contract, as the error was repeated on multiple docs. if the price listing is correct on the MLS that is the most important thing, that is how other agents sell the house.
if you suspect foul play, continue to document all of your dealings (you have been doing that all along, Right?) if it seems that a genuine error has been made, talk to your agent about what he is willing to do to correct the error. the agent should be willing to workwith you to see that you have not lost out on anything since it was your agents mistake.
2006-07-08 05:37:13 · answer #2 · answered by nathanael_beal 4 · 0⤊ 0⤋
what price does your listing agreement say? the ad could be an honest error. call your realtor. could be the fault of the paper as well. reducing your price (or looking like you did) is not necessarily a bad thing. buyers sometimes jump on what they perceive to be a willing seller.
2006-07-08 06:12:21 · answer #3 · answered by daniel r 4 · 0⤊ 0⤋
Well, if somebody buys it at the higher price, you're in good shape. Otherwise, correcting it may attract the attention of potential buyers.
2006-07-08 05:28:55 · answer #4 · answered by sdc_99 5 · 0⤊ 0⤋
call the realtor and let him/her know that it is the wrong price
2006-07-08 05:26:39 · answer #5 · answered by np 1 · 0⤊ 0⤋