How Do You Deal With Dishonest Buyers/Tenants?

Reblogger
Real Estate Agent with LAER Realty Partners

Most of the time, we do not want to get in this situation.

Amy Palian shares her concern in this re-post.

How Do You Deal With Dishonest Buyers/Tenants?

Original content by Amy Palian BRE# 01912137

Photo Credit: www.mainstreamrealty.com

 

Recently I had a referral from a friend of mine for tenant looking to lease a property to open an addiction rehab facility.  As you may know, this is a rather challenging project to work on as many home owners don't like the idea of having their homes converted into a rehab facility.  Therefore, the client offered to pay an additional incentive if I can find a property and a landlord who will accept her application.

The tenant who was referred to me spent more than three weeks trying to find a residential property for lease (through other agents and by herself) AND get an application approved for opening an addiction rehab center.  Well, to cut the long story short, I found it for her in two days.  After many long hours and tons of phone calls, I finally found a property which she liked and the landlord was willing to approve the use of as a rehab facility.

Then, my client told me that she didn't think the back yard was large enough for the rehab.  So we continued our search only to be turned down by many more landlords.  She, then decided that she wanted to go with the property that I got her approved for under one condition that her business partner comes and takes a look at it and approves it.  So, I schedule a second viewing.  We all met, her partner said he loved property and wants to proceed with signing a lease.

To cut the long story short, after couple of days of lagging both myself and the listing agent, my client admitted that she has been looking for other properties and that she isn't going to sign the lease for this property.  

I understand that she is entitled to search and find the property which fits her best interest, but what I don't understand is why she felt the need to lie and play games.  If she wasn't happy with the property, she could have just said so instead of having both myself and the listing agent waste our times with drafting and negotiating a lease agreement.

How do YOU handle similar situations? Do you have them sign an agreement to pay you for your time in advance? Do you charge a flat fee regardless of the outcome? Do you collect half of the incentive they are offering before you begin spending time and then half at the end?  I would LOVE to hear your opinions and your suggestions because I don't want to find myself in a similar situation again.

Comments (33)

Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments, Grant.

Jan 21, 2017 11:20 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I also do not like to work with such dishonest people - and that's the fact.

Jan 21, 2017 11:20 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

However, by the time we realize, Grant - this is already over!

Jan 21, 2017 11:21 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments, Jeff.

Jan 21, 2017 11:21 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

This was a good original post - and glad I reblogged it, Jeff D.

Jan 21, 2017 11:21 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

We all wish the same with these people - no dealings! Does that happen always?

Jan 21, 2017 11:22 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post nd your comments, Gary L.

Jan 21, 2017 11:22 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I am opposite, Gary. I trust people - almost everyone of them!

Jan 21, 2017 11:22 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

(And then the result is - they already have taken my advantage by the time I realize.)

Jan 21, 2017 11:23 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments, Paul S.

Jan 21, 2017 11:23 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

You are right - there are not too many of such dishonest people.

Jan 21, 2017 11:23 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Well said, Paul S. Yes, Karma always strikes back! So true.

Jan 21, 2017 11:24 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments., Evelyn.

Jan 21, 2017 11:24 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Yes, Paul and you are right - Karma always strikes back! Without fail.

Jan 21, 2017 11:25 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

(And good suggestion - we should ask the RIGHT questions to all the buyers.)

Jan 21, 2017 11:25 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

So no one can say, The buyers are liers.

Other option - have Exclusive Buyer Agency Contract.

Jan 21, 2017 11:26 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments, Karen H.

Jan 21, 2017 11:26 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Indeed a great reblog for sure, Karen. Wanted to spread the RIGHT word....

Jan 21, 2017 11:27 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I am more of a re-bloggers than a blogger, Karen H. Thanks for following me.

Jan 21, 2017 11:27 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Once again, thanks all for stopping by at this post and your comments.

Jan 21, 2017 11:27 PM

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