Re: Something Fishy - Posted by HankM
Posted by HankM on March 14, 1999 at 11:10:05:
Well … it happens, just like “secret” listings that never get to the MLS. An agent’s job is to get the best price for his/her client.
The presentment issue is separate, if you feel that you’re offer isn’t being presented, ask to be there when it’s presented; but this can be colossal time waster if you are writting lots of offers. I don’t like dealing with agents much anyway, but if you have to expect that they are the sellers representative and will do what is needed to get the best sale … if that means soliciting an offer from someone while one is one the table, they will do it.
I did one 6 months ago that a friend of mine called me on … it was in foreclosure, collapsed ceiling, insullation all over … just a mess and some drywall if you knew what you were looking at, no offers for 120 days, so I threw a 1 year L/O offer in at about $500.00 over what the seller would need to clear the bank and pay the agent … The offer was presented and the sellers attorney was agreeable, but wanted to tweak some things … while that was happening, the agent went “ah Ha!!!” … wish I thought of an L/O and call some of her friends who ripped off the idea and submitted similar offers with slightly higher prices and language the seller’s attorney didn’t find objectionable … I lost; but I’m not that upset … I like my agreement and think the contract that was entered into was to seller friendly and the deal was pretty tight profit wise. But I never blamed the agent for acting in her clients interest.
Just another point of view. Good Luck.