Not sure what this means: A listing agent is asking for Purchase Contracts from multiple buyers, to submit to the bank that owns the property. These need to be signed by the buyers, of course. Then, in one instance, where we accomodated this, it turns out that the sale goes to a contract for some $30,000 less than our buyer's offer, which was in fact submitted 5 days BEFORE the listing went into Pending Status. Then we are told we did not get the deal. And we see that the purchase if for this much less than our buyers offer. We asked the broker, who said it was simply because the other offer was accepted PRIOR to ours being submitted.
It turns out that the agent with the accepted buyer works for the same firm as the listing agent.
I suppose I look like an idiot, but I dont believe I am actually one... but it seems my looks ,ust have swayed this broker that he could make statements that dont fit the racts, and that I would somehow just agree.
Either it is time to change my looks, or time to step on this sort of practice.
What is your opinion, we would like to know.
Paul Silver, Owner
Focus Professionals, Inc.
Rhode Island Real Estate Services
When an agent admits that the accepted offer was before yours was submitted, based on the request to submit,
You simply cannot believe a word they said about anything.