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Listing Agent Error: Man Buys and Renovates the Wrong Home

Real estate professionals vary greatly in shape and size (or is that experience and knowledge?) ... Certainly not all professionals work at the same level. When talking about buying or selling a home, most other investments pale in comparison. A home can be your largest monetary, time, family and emotional investment. With the stakes so high, it is undoubtedly very important to do your your research and to select a great professional.

Check out this video about a man who purchased and renovated the WRONG home. Who's fault is it? He thinks it is the listing agent's fault. Is it? I am not 100% sure, but I know one thing, I'm glad I'm not in the mix of this!!

Steve Kappre is a Mortgage Planner with Treasury Mortgage. Steve specializes in;

• All areas concerning NJ First-Time Home Buyer Mortgages, grants, down payment assistance, tax credits, and more.

• Reverse Mortgages

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com

Posted by Steve Kappre, Gloucester - Camden County NJ Mortgage Loan Officer | 856-419-3561 on 09/12/2009 01:16 PM

Comments (17)

Listing Agents in the ActiveRain Channel

renovated the wrong home, bought the wrong home

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17 Comments on Listing Agent Error: Man Buys and Renovates the Wrong Home

SEP

That is friggin hilarious Steve, I have heard of people buying a wrong parcel but a house and then renovating and all....LOL!!!!

PML - I wonder what is giong to happen when he sees someone moving into that unit - - - ouch.

I hear a lawsuit somewhere in here. I hope the listing agent has enough E&O.

There must be more to this story - where was his attorney?, where was the title company?, where was the bank?? where was the condo owner before the renovations were completed?Who paid the listing agent?

Erin - Haha

Gloria - I agree - owner must have been somewhere else, physically and mentally

Someone gave him the keys. I'd sue the ever loving crud outta somebody.

This smells rather fishy, it's not like you can do a $30,000 makeover overnight and the owner all of a sudden show up when he gets done? I bet he has a line of attorneys trying to get this case.

It's a big lawsuit waiting to happen ... let us know what happens in the end.

That is a horrible story, but it really makes me wonder how this happened for so long. How did he get keys to the wrong place when he closed, yet they still worked? It seems fishy to me.

Steve, nothing funny about this story. All the hands the paper work passed through...yeah, Jason is right...something fishy here.

Hi Steve-This stinks to the high heavens and somebody is going to pay dearly for this dirty trick.

SEP

Maybe we'll get to see the follow story . . . I hope.

Hope he had title insurance?

Was the wrong legal on the contract?

Did he have attorney review?

Did he not read the documents?

Did his lender not go over it with him?

Which one did they do the final walk- through on?

Sounds like lots of goofs........and costly.

Steve, please if you or anyone else hears how this is resolved...we would all like to know.

Steve - I remember hearing about this story and if I remember correctly, the primary reason for the whole screw-up was because the buyer chose to use the seller's listing agent to represent him instead of getting a buyers agent. The lesson here: BUYERS NEED TO GET THEIR OWN BUYERS AGENT AND NOT USE THE SELLERS LISTING AGENT TO REPRESENT THEM!

SEP

Donne - What a great example if that was the case. Would be a great follow-up blog thats for sure!

SEP

I'm not sure who to blame for this one... Did he not see the unit before he bought it? How did the key work in #4, if it really was #5 that was for sale. Was the owner of #4 also the owner of #5? A lot of unanswered questions here that may lead to who is to blame. Did the MLS show #4 for sale and what did he write on the purchase and sale agreement? If he wrote #4 and the deed said #5, then maybe the title company is to blame? Still in the end clearly got the wrong keys or did he have to break in and change the locks?

Todd Clark - www.LivingBeaverton.com

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