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Help!! UNDISCLOSED BUYER!!

By Jeanette Hemmer

Real Estate Agent with Coldwell Banker

November 27, 2007 10:27 AM

I have a property on the market at the present time that seems very interesting to adjoining land owners.

Well, seems the adjoining land owners are either related to the seller or they just want the land.

I had a call today, from a client that would like to make an offer and be an undisclosed buyer.

His question to me was!!! How long can I remain undisclosed?

Would you even consider doing a dual agency with this buyer and seller?

I will certainly appreciate any input on this subject.

Jeanette Hemmer Johnson County, Arkansas

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Bill Gillhespy

16 Sunview Blvd - Fort Myers Beach, FL

Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Or they could buy it through a hird party and then " quit claim " it in a " less than arms length transaction ". Makes you wonder why they will not disclose. I can imagine.

Nov 27, 2007 10:40 AM

Jeff Payne

The Payne Group at Keller Williams Success Realty - Panama City, FL

Panama City Real Estate

Sounds fishy to me. Can they buy it in an LLC?

Nov 27, 2007 10:54 AM

Jo Olson

HOMEFRONT Realty - Kettle Falls, WA

Retired - HOMEFRONT Realty @ LAKE Roosevelt

I would be asking why? I would not be a dual agent in this situation - what does your broker say?

Nov 27, 2007 11:09 AM

Luis Garcia

Colonial Bank - Saint Petersburg, FL

St.PetersburgSeminoleClearwaterMortgages

I think a little more info would help open doors. It does sound a little off the wall but there are always reasons and borrowers even though they think know best don't know as much as they think they do.

if they are looking to buy in an LLC, i can do those all day long. let me know if i can be any help to you.

Nov 27, 2007 11:12 AM

Anonymous

Jeanette Hemmer Johnson County, Arkansas

I should have explained better!!!

He tried to buy the property from seller before it was put on the market.

He insulted the seller with his offer.

He is a cash buyer, with a lot better offer than before

Jeanette Hemmer

Nov 27, 2007 11:37 AM

Jeff Payne

The Payne Group at Keller Williams Success Realty - Panama City, FL

Panama City Real Estate

I would not worry about the seller being insulted before. That was then, this is now and cash is king in a situation like this.

Nov 27, 2007 11:47 AM

Jo Olson

HOMEFRONT Realty - Kettle Falls, WA

Retired - HOMEFRONT Realty @ LAKE Roosevelt

Well then girl, Write it up :)

Nov 27, 2007 12:14 PM

Todd Clark - Retired

eXp Realty LLC - Tigard, OR

Principle Broker Oregon

I wouldn't try to hide who the buyer is and have the buyer write a letter saying he is sorry, he didn't mean to insult the seller with the first offer and that it was just business. This goes a long way and I've had it work wonders in the past.