Special offer

Sorry but you ASSUMED Wrong! I Can't Disclose that Information! Protecting Our Clients!

Reblogger
Real Estate Agent with Berkshire Hathaway Home Services California Properties CA DRE#01874007

I'm sure that most of us at one time or another have had an agent request information that under the code of ethics and rules can't be revealed ever or can;t be revealed till the transaction has closed. Not to mention that if this information is going to be public and you, the person asking me to break the rules, know this then just wait. Sherri's post is a bit more shocking because it was a principal broker. If anyone should know what's going on it should be the broker. We wonder why people have such a low opinion about our industry and then you read things like this. The sad part is that there are agents out there that would give all of this information out just to get the deal done. Shameful.

Original content by Sherri Berry

We received an offer on one of our listings that was extremely low.  Keeping emotions at bay, we countered with what we felt was a very reasonable counter.  The buyers walked with no counter, no questions, no explanation.  The offer was so low there was absolutely no remorse or second thoughts by my sellers.  I know first offer is usually the best offer, but in this case I knew that it wouldn't be!  

Today we finalized the paperwork on a new offer for that home.  The seller's are excited.  It is a solid offer and we are preparing for closing.  However, there are hurdles to cross and we've all had closings fall apart due to unforseen circumstances. 

As luck would have it, agent number one emailed me saying her clients will be submitting a new offer and where should she forward the paperwork.  I responded that I was sorry, but we had just accepted an offer and this would be reflected in the MLS within the hour.  Her next email surprised me.  She is a managing broker for a company and said that since it will show in the MLS once it is closed, she assumed it was okay to ask what they took and how much they paid in closing costs along with any other concessions.  She went on to say her clients will want to know!  

Sorry, but as my seller's designated agent I can't disclose:

  • How much they accepted prior to the home closing
  • How much they paid in closing costs prior to the home closing
  • If they agreed to pay title expenses prior to the home closing
  • If they left any additional items like washer/dryer/refrigerator

If the home doesn't close this is confidential information.  And in this market it is not unusal for deals to fall through so agents are presenting backup offers.  So you see, if your buyers decide to submit a back-up offer I would be telling you exactly what my seller will take.  I am the designated agent for my seller, not your buyers.  And, if the deal falls through and the home goes back on the market, you now how confidential information that puts my sellers at a disadvantage with your clients.    

Sorry managing broker, but I would assume that as managing broker you already knew that!

If you are thinking of selling your Brentwood TN Home, Murfreesboro TN Home, or are located in the Nashville TN area, please give me a call.  I would love to represent you in the purchase or sell of your next new home.  Hiring a knowledgeable real estate agent that will make sure your contract is clearly written and is committed to protecting YOUR best interests in a real estate transaction can save you thousands of dollars.  In fact, the services of a great real estate representative can be priceless!  Here are some other blog posts you may find interesting that discuss the services of a buyers agent or sellers agent: 

A Knowledgeable Buyers Agent Can Be Priceless!

Before you Sign READ EVERY LINE!

STOP sitting on the Fence!

Don't Take Reading & Writing Offers So Seriously - They're Just Legally Binding Contracts!

 

 

Please visit  www.SherriWellborn.com 

Sherri Wellborn, Keller Williams Realty

Keller Williams Realty

450 Saint Andrews Drive
Murfreesboro, TN 37128

615-566-3789 CELL

615-895-8000 Office

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