The home was on the market for 100 days. The selling agent was extremely communicative and grateful for a call on the listing.
The discussion was like two Fraternity brothers together again. Or like 2 attorneys. Do you know so and so. O yeah. We are on the same page, we are going to do a deal.
Then all of a sudden. COLDNESS. The selling agent is no longer a blood brother. The selling agent is now aloof.
We don't know for sure as the story is still unfolding, but we are fairly certain that there must be another offer.
Discussion: It is not an ethics issue. The title to this blog is misleading.
The selling agent is there to work with a buyers agent in attempting to do a deal, as long as it is in the sellers best interest.
The sudden lack of communication must come from the selling agent attempting to do their best for the seller, and this new opportunity is perhaps being explored by the selling agent.
Of course, if this new opportunity is not fruitful, the selling agent knows they will be back to us, so, they are trying to do their best with the new buyer, while not losing the opportunity of the older buyer. (assume price is the only issue).
SO what is a blog with out a solution. A cry for help?
Try this. "Hello Selling Agent. I bet you have another offer. Would you be comfortable asking your seller for permission to disclose this offer? Here is what I am thinking....you want to get the best price for your seller, what better way than to have 2 buyers compete...if your seller is willing to let you disclose, we will beat your other offer or not, and then you will know that you got the best deal for for your seller."
Thanks for reading this blog.
(I have purchase, partnered and sold over 570 homes. When it comes to negotiations, I have seen a lot. The thing about deals is that it is a lot like home runs. If you hit a lot of home runs, you will have a lot of strike outs. In my career, I have shown a houses 100 times to sell it. That means I failed to sell it 99 times. Not a lot of people have failed more than I have. Unfortunately, or fortunately, failure, alot of times is where you get your wisdom).