I received a Phone Call from a Friend asking for information on a Property. I asked for the Property information, did a Market Analysis and told my Friend the Market Activity recent Solds, Actives, and Value of the Area.
My Friend explained that they are currently in Escrow, and is Dissatisfied with the Agent who is Representing Both Parties (Dual Agency), and can I Represent them.
The Comps for this Property says it's overpriced by $75k - $90k the Subject Property is a 3 Bed 2 Bath 1400 Square feet No Upgrades Built Mid 90's $500k. 4 Bed 2 Baths with Complete Upgrades $450,000. Of course Market Value includes what a Sellers will Sell for, and what a Buyer will Pay.
I contacted the Agent ,and conveyed my Friend concerns. The Agent became unprofessional, and after
Shouting hung up. 30 minutes Later the Agent called back, asked me why?
The No return Calls, the Requested Comps. never received, and other Material Facts that wasn't given.
My Friend wants to Cancel the Escrow.
What would you do?
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