I recently entered into a contract to purchase a home. When we made an offer my realtor talked me into raising my bid because she said there was already one offer being presented at the same time as mine. The following day she called me stressing that if we wanted the house we needed to accept his counter offer which was very close to the asking price. She told both my wife and I that there had been two offers other then ours come in! In hast we accepted his counter. (She knew we wanted the home) Afterward we meet the owner and he told us that our offer was the only one he ever received or even heard of. We really want the house but at the same time we are very disappointed. We thought that our realtor was working for us but instead after getting to know us "worked" us out of several thousands. I do not know if he would come down but I know I was the only one being worked, and in this case lied to.
2006-08-09 12:08:59 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
thanks for the answers so far. As to backing out, I do want the house and I am willing to pay what I said I would. I was still the one who signed the agreement it would not be right to the seller if I back out now. I confront my agent about this and she said they would return my ernest money. It was basically you can walk away we will give you your money back. This knowing that we wanted the house so the only one that will really loose is us. I just really feel angery about the way we were treated. It is more of a trust issue. My closing is the 16th of august.
2006-08-10 02:21:09 · update #1
First if your Realtor is a member of the Association of Realtors, they need to be reported to the Association. Secondly, you can go to the Local Better Business bureau and file a complaint. As Realtors are licensed by the state you can also file a complaint with the Secretary of State where you live. Lastly if you contracted her, you could take her to small claims court for breech of contract. I hope this helps.
Just my 2 cents worth
2006-08-09 12:17:29 · answer #1 · answered by capbarrow2 3 · 0⤊ 0⤋
I would contact your realtors boss and report what happened. I am a mortgage lender so I know how frustating this whole process is. Point is though, why is your realtor lying to you? It sounds like he/she needed a "certain" loan amount for who knows what... either way I would contact her boss and keep going a little higher. If that doesn't work then I would contact the state board licensing for real estate agents. Also another thing is to look at your contract carefully, most importantly at your earnest money section. Did you already pay your earnest money deposit? Is there a chance you can get some or all of this back if you back out? If you can't would you be willing to lose that amount or would you just pay what you have agreed to pay per the contract? Just some things to think about before you proceed with loan.
2006-08-09 12:34:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It is a loose business, with all the part timers and housewives in it, very unprofessional. Do not ever deal with a female realtor again. Find an old pro male. Complain about the realtor and firm to the state attorney general's office.
2006-08-09 12:16:03 · answer #3 · answered by The Advocate 4 · 0⤊ 2⤋
If she is a REALTOR you can file a grievance with her local board.
Please keep in mind, we are all not like this. Most of us abide by the code of ethics and take pride in what we do.
2006-08-09 12:44:26 · answer #4 · answered by Karen R 3 · 0⤊ 0⤋
okay you need to see if you can report this some how to any authorities because it some what seems like fraud to me. Also, talk to the people she works for, the realtor. Maybe they can tell you what to do but you may also want to talk to some authorities!
2006-08-09 12:13:50 · answer #5 · answered by preciouz_latina08 2 · 0⤊ 0⤋