Over the years we have worked with numerous investors. Some of them area as nice as can be.
We met a young investor today. He had stood us up for an appointment on Saturday, but he called this morning and wanted to see the house .
He showed up promptly still apologizing about Saturday.
He said right off the bat that he was an investor and would make a lo offer, but he would let us represent both sides...
Ralph had already plowed that ground but explained that we would have to facilitate the transaction as an intermediary.
He seemed fine with that. We showed him the house. He said what he wanted to offer and we could just do it verbally....
Now, as far as I am concerned, he has just asked us to violate two basic rules. Representation and verbals are not things we wish to vacillate about.
His offer is low and without it being in writing, it is not enforcible.
Our client used to be a Realtor. He also is an investor. He knows the rules and so if ever there is a reason to be flexible this would be it.
These two men would understand each other. It still does not feel right...
Our lucky stars were shining and we got an almost full price offer right after this situation arose. Remedies are wonderful! Any investor can understand this scenario! Problem solved.
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