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As a first time home buyer I learned the real estate business is cut throat.

After looking for months for a home (in Texas without an agent). I finally found a house that I liked (outside my original search). Knowing all my documents are in order and I have really good credit, I applied for a loan. The next day I was preapproved and figured the seller's agent would have the most information about the property and they'd love to be the agent for the buyer and seller because they make twice the commission. This is where I messed up.

The agent was very kind and answered all my questions but kept trying to tell me about all the other great properties she could show me and kept implying that the property hadn't sold because the seller was asking too much. I told the agent I was willing to pay the asking price if the seller would be willing to pay the closing cost and her reply was they already had a similar offer that they declined. She said "lets meet tomorrow after noon so you can see the property, you shouldn't make an offer without seeing it first."

An hour before I was suppose to meet her at the property she sends me a text "The house at ******* just went under contract, I will send you other properties in the area that are available." Now I know the reason she kept pushing me to other properties, she had a deal close to being done and another buyer making an offer would have messed it up.

submitted by /u/confuciusly
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/jluxjs/as_a_first_time_home_buyer_i_learned_the_real/
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