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we used a realtor for a house we liked 3 months ago but the house did not work do to underground tank. Now we get a call on any other house from realtor and she says it is not listed and she is working for the seller but they are not paying her. they had purchased the house from the realtor and are now listing it with many upgrades/renovations. So she wants to sell it to us but tells me that if we do not buy it the seller will just hold on to it. She knows it would be a great house for us but I think she is deliberately overpricing it as she knows it meets all our criteria. I am tempted to just never use the realtor away as she is giving me a take the house at the offered price or the seller will not sell. Any opinions appreciated. I think the house is overpriced by 50K.
It is in your best interest to avoid dual agency. It is in your best interest to avoid agents who do not have a problem with attempting to represent both sides of a real estate transaction.
It is not always possible to avoid dual agency, but it usually is, and you should always try to find a route that allows you to have your own representation and your own advocate in the transaction.
Dual agency makes advocacy illegal. So, if your real estate agent cannot legally act as your advocate, why would you choose that? And worse, why would you work with an agent who is getting paid DOUBLE to act as an advocate for NOBODY? No loyalty to anyone, that is, except to themselves and that delicious double-paying deal...
have you ever heard of a realtor trying to sell a house that is "unlisted" and then telling the potential buyer if they do not buy it the seller is not selling.
have you ever heard of a realtor trying to sell a house that is "unlisted" and then telling the potential buyer if they do not buy it the seller is not selling.
That sounds like a line of BS. If the property is unlisted, I would circumvent the agent entirely. Just knock on the door and go about your business.
have you ever heard of a realtor trying to sell a house that is "unlisted" and then telling the potential buyer if they do not buy it the seller is not selling.
Yes, that's considered a pocket listing; the issue you'll have with a pocket listing is that the seller is generally not motivated and holding out for an unrealistic price that tends to skew well above market.
seems like the realtor is trying to rob me. I will just find another house and a new realtor.
this realtor is not out to rob you, just not representing your interests at all; let's not hyperbolize.
That being said, yes, find a new house and find a new realtor; ask your friends and family for recommendations for an agent you can think of as trustworthy and qualified to represent your best interests.
Good luck in your search!
You could go see the house, if you really like it, then offer what you think is fair. The seller might or might not sell at your offered price.
Personally, I believe that in most business deals the person who brings money to the table has an upper hand.
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