i do not know a lot of the proper terminology when it comes to real estate, so please bear with me. my husband and I have been looking for a home in the Los Angeles area for the past 3 months. we have a realtor we've been working with, she's put in offers for us and we finally got an offer accepted. unfortunately, we may have to back out because, after the inspection, it seems like it needs too much work for the price. our agent has been great through this long process.
now, here's my issue. there's a house that is going to be sold on the block we currently live in. my father in law has known the family for years and they are offering to give us first dibs on the home before putting it on the market. the market is suuuper competitive right now so I would like to take advantage of this. we met with the listing agent and I let him know we have an agent already and he basically said that he is giving the seller a special commission price to be both the buyers and sellers agent and that if we choose to work with our own agent, not only will the price of the home go up, but they will put the house on the market and let other people make offers on the home. so we would no longer get first dibs on the home. now, i don't know much about real estate but is it just me or does this seem shady? I would also feel awful ditching our current agent.
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source https://www.reddit.com/r/RealEstate/comments/qjuocr/buyer_working_with_listing_agent/
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