Monday, November 9, 2009

The Greed of A Realtor

My post from the other day talked about my husband and I searching for a new home. Dave has been working "out of town" for just shy of a year now, and we decided to put off selling our home until the market improved, but buy now while the prices were down. After what seemed like months, we finally found our perfect home. It had everything we wanted in a tranquil neighborhood. Last Monday we made our offer, and after a couple of days a deal was struck. Dave went to the bank and got a cashier's check for the required 3,000.00 in Earnest money and had it delivered to the title company. He ordered inspections while I called and got an idea what homeowners insurance would cost. Now, Dave had signed the paperwork the same day that our offer was accepted, but my signature had to wait until he came home Thursday night and then we were to fax it to our realtor the next morning. But, something happened in the meantime that really destroyed my faith in almost all realtor's.

The same day that we delivered our Ernest money, the sellers agent showed "our" new house. These people made an offer, higher than ours as it turned out. The sellers realtor had the seller reject our offer and accept the new one. So, the day after the seller accepted our offer, we were out. I was so disappointed, I really loved that house.

Our realtor told us that what the seller's realtor did was in fact legal, but incredibly dishonest and unethical. We weren't even given a chance to raise our offer. What kind of agent does something like this? Someone without any scruples is my guess. Oh, we could threaten to sue, or at the very least, cause lots of problems for the seller and his realtor, but what would that gain us? I don't have the energy to fight a losing battle.

I'm somewhat surprised at my years past I would have never let this go. I would have called that realtor and given her my best in "shame warfare". Nowadays, I think I'll just drop her a nice little note and let her know she's working in the wrong state.....she belongs on Wall Street.

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