Quote:
Originally Posted by wavylines
I signed a contract to purchase a new home build in a housing community. The builder, in conjunction with a real estate firm, offered a home selling program to buyers that need to sell their existing home. This real estate firm would help to screen potential real estate agents and send them to me to interview. This process was supposed to help me sell my existing home without hassle because they would screen out and find the top selling agents in my location.
Has anyone out there had any experience with a program like this? Did it work for you or was it a failure?
I ran into a problem with this program and it didn't work for me. The real estate firm's agent failed to return calls, texts or emails in a timely manner. Wasted a lot of time waiting and eventually I had to find my own real estate agent without this program. This delayed selling my home and cost me money in lost value. My home remains unsold in a bad market.
Do I have any legal recourse to pursue action against the real estate firm's agent that handles this home selling program through the builder? What are your thoughts?
Thanks.
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If the builder was so certain that the real estate agent could sell your house quickly and for a price that would please you, then the builder should have just taken your house on trade and all you would have had to pay was the difference in price between your house and his plus any remaining mortgage amount on your present home.
Of course, the builder is not at all likely to do this unless you would agree to accept a ridiculously low price for your house on trade. It appears that you were simply persuaded to purchase the new house with promises of how easy it would be to sell your current house for a good price. Unfortunately, it appears that reality does not match your expectations.
If you have in fact closed on the purchase of the new house and still own the old/existing house, then you may need to do some serious price reductions on your old house in order to sell it in today's market.
As to any "legal recourse" against the builder, it's highly unlikely unless he promised IN WRITING that your house would sell for X dollars in Y days and that promise hasn't been met even though the time limit has been exceeded.
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RE: Realtor's Program to Help Sell Your Home
