This is Really Long so If you dont have the time or patience please STOP!
Me and my husband are looking for a multifamily. We saw this really great house and found an agent to help us but it seems like he lied to us and we really don't know what to think of him or if we should keep doing business with him??? so this question is to any experienced individuals with real estate intelligence.
Ok, this agent was the listing agent for a house that we came across and wanted to see. he showed up, we saw the property but it needed alot of work so we decided to keep looking.
we had a list of properties we had already drove pass so we gave him the addresses so he could give us more details and also to set up appointments to view those houses.
we came across one house that we went to see and it turned out to be the house that i really really really liked. it was beautiful so we met up with him. gave him a $1000 good faith deposit which is refundable and went ahead and put in a bid of $320,000 w/ $9000 of seller concession so actually it was $311,000. even tho he told us that we should start the bid at $330,000 w/ $9000 concession and that utimately he predicts they will accept $345,000 w/ $9000 concession. but we felt like that was too high to start off with so we bid what we did.
after putting in the bid he said he will get in contact with the listing agent, obvisously he was not, and let them know there was an offer pending. he also explained it might take about 24 hrs to hear back from them.
let me also add that the day we went in to sign all the paper work to put in an offer he stated how he spoke to the listing agent to see if any other offers came through and she said yes but prior to us seeing the house there were NO offers "supposedly" and the house was on the market since Jan 08...
In the mean time he stated that we should look at other properties while we were waiting to hear back from this one. and we did but had no luck.
so we waited and waited. finally about 4 days went by and we havent heard from him. so i called him and he automatically began to talk about the appts for other properties we were suppose to look at during the week. finally i asked if he had heard anything from the house we put the offerfor and he stated yes, the bank accepted another offer. they bid the same as us but had 40% down??? i was like 40% down that's crazy. so i asked when was this and he said yesterday???? so i asked well did you call me and he said yes i left you a message but he lied because i was constantly checking my messages because i was so anxious to hear back from this house. so i was madd that he knew for about almost a whole day and didnt tell us anything until i called and lied about calling me! so we couldnt put another offer in because he said it was already bank approved???
also all along this house was a short sale, pre-foreclosure, which he states he had no clue about??? how are you an agent and dont know these things is what i thought???? the listing agent and the agent i was working with both work for weichert but not the same office. he stated that she told him that the person who bid was her buyer so she could have given them more preference over us being that she worked for both the buyer and the seller....
i was so upset and i just had a feeling that he wasnt telling me the whole truth so me and my husband waiting a few days and we got in contact with the actual listing agent and she told us she was not the buyers agent, the other bider had an agent that worked for century21 so that was a lie. she stated that they offered $310,000 and only had 20% down but the bank had not accepted anything so any offers that come thru she had to submit. which gives us another chances of submitting another offer and not once did we hear all the things that he was telling us about.
If we had not gotten in contact with her we would have never tried to put in another bid because we automatically assumed it was over and done with. but now it seems like we have a possibility at this house.
we got our deposit back and we havent spoken to the agent but we are suppose to see the house that we really love again with the actual listing agent and also plan on telling her up front of what happened. just to see her side of the story. so she doesnt know anything about us or our situation. we just called as an interested home buyer.
we dont know if maybe she did give him that information??? and thats what he told us...? or he told us these lies because ..... well i dont really know why?
so can anyone give us some feedback of what you think might have been the issue here.
btw the lady seemed really nice and she seems very motivated to find a buyer so i cant understand why she would tell him all those things which would jeopardize a sell????
sorry for this being so long and i will defly be picking a best answer. Thanks. The agent that was your realtor needs to be in another business.
Your agent needs to know that a fiduciary relationship existed between him and you, that you trusted him to act in your best interests. He obviously didn't.
Contact the broker and explain what happened. Fortunately the deposit money was returned. from what i can understand the agent didn't want you to buy the house because he wasn't the listing agent and would only make half commission.
if he sells you the house that he listed, he would have made full commission.
sad but true. There could be a number of reasons why he told you those things. Maybe he doesn't like dealing with short sales, foreclosures, etc. Basically, to me as an ethical Realtor, he just sounds like an unethical real estate agent! Good luck and I hope you get the house.
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