Jan. 25: A San Diego woman claims that her real estate agent led her and her husband to overpay for their home.
http://www.msnbc.msn.com/id/21134540/vp/22838905#22838905
This is more complicated than meets the eye. I think there are many things to consider:
They bought home in a hot California market (2005). Is it possible that the value of the home could skyrocket overnight? It is not uncommon for home prices of comparable homes on the same block or tract to be at least 10% apart in value, hence the home down the street priced at a lower price. There are many other factors that could justify the lower price of the home down the street. The buyer claims that the appraisal was manipulated. I would like to hear from some appraisers out there. What do you think?
The buyer claims that she "hired" an agent with 26 years in the real estate business, but he was more concerned about his commission and not about her best interest. I am curious to know if he was her exclusive buyer agent and if they had a written buyer agent agreement.
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