Has anyone who was selling their house actually had the real estate agency buy it from you? and why? Would they offer you a lower price and then turn around and resell it higher?
2007-03-19 00:41:27 · 4 answers · asked by cloquetmom 2 in Business & Finance ➔ Renting & Real Estate
It's all about the money.
They line up someone that wants a house, then they purchase yours from you. They already know they can sell it at a higher price because they have offered it to the buyer for way more than they paid for your house.They make a big profit and don't have to turn the key. It hurts to think you were duped. You feel cheated.
They are your agents. They are hired to get you a fair profit, not themselves. Look into it farther in your state. They may have broken a law or code of ethics. You may be entitled to the whole profit they made or part of it.
2007-03-19 00:55:53 · answer #1 · answered by debbie2243 7 · 0⤊ 0⤋
Many brokerages will not buy and then resell a property. The conflict of interest is too strong.
Agents who own a home might have purchased it after getting a license. They generally will not represent the seller in such transactions.
Some investors hold a license and will buy for resale. In these cases they will not represent the seller unless it is as a dual agent. There is a natural conflict of interest when an agent works for both sides so dual agency is not the best.
2007-03-19 00:57:30 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Always remember they are business professionals too!
They understand the market much better than an average person. They will buy when they see a buying opportunity, one that has a potential, either in price, appreciation or market conditions.
2007-03-19 02:59:09 · answer #3 · answered by amolheda 3 · 0⤊ 0⤋
a friend of mine bought a awesome log cabin from someone who was selling it
he just liked it so he bought it he put a bid in just like any other buyer
2007-03-19 00:49:41 · answer #4 · answered by elite_women_rule_the_rock 6 · 0⤊ 0⤋