Hi,
I recently sold my home using a realtor team. I think there was something rotten in the process but I'll let you be the judge - some of this is quite personal, so I am keeping it anonymous.
My friends of several years were the listing agents for my home. We agreed on a discounted commission and an asking price for the home.
Four days after the listing became active, I was presented with multiple offers. One of the offers was 'coming' from an agent in the same office as the listing agents. I ended up selling to the other buyer who was coerced into upping his bid to his 'best offer'.
Here's the kicker: During the offer presentations, one of our friends called and wanted me to increase the selling commission with the excuse that the agent from their office should be compensated somehow for his work presenting the offer from the other buyer that fell through.
I was pressured during the bidding to change the commission and because the listing agents were my friends, I ignored my gut and agreed to the change.
After thinking about it, I realize that I should not have revised that contract but what is done is done. Under no circumstance can I think of a reason why an agent whose offer falls through would be compensated - same office or not. I was given this line and some pressure by my so called friend to explain the change. I am frankly offended that my friend would go so low as to scam a friend.
Does anyone have any comments that would support such actions in this situation.
Looking for better friends ...
I recently sold my home using a realtor team. I think there was something rotten in the process but I'll let you be the judge - some of this is quite personal, so I am keeping it anonymous.
My friends of several years were the listing agents for my home. We agreed on a discounted commission and an asking price for the home.
Four days after the listing became active, I was presented with multiple offers. One of the offers was 'coming' from an agent in the same office as the listing agents. I ended up selling to the other buyer who was coerced into upping his bid to his 'best offer'.
Here's the kicker: During the offer presentations, one of our friends called and wanted me to increase the selling commission with the excuse that the agent from their office should be compensated somehow for his work presenting the offer from the other buyer that fell through.
I was pressured during the bidding to change the commission and because the listing agents were my friends, I ignored my gut and agreed to the change.
After thinking about it, I realize that I should not have revised that contract but what is done is done. Under no circumstance can I think of a reason why an agent whose offer falls through would be compensated - same office or not. I was given this line and some pressure by my so called friend to explain the change. I am frankly offended that my friend would go so low as to scam a friend.
Does anyone have any comments that would support such actions in this situation.
Looking for better friends ...