Skip to main content

Listing Agent demands BA pay for a mistake made by the LA

Curious to get peoples thoughts on this situation. Currently under contract with closing in 4 days. I’m the BA & the LA is in the same brokerage. It’s a long post but that’s because the details are important.

After my client submitted an offer the LA withhold information about other offers and shopped around after a few days only to come up empty handed. My clients did not mind waiting because this was the one & were ready to wait it out to get the house. I knew instantly this was going to be a different type of deal. The seller counters our offer and demands a full appraisal waiver (no other offers), free rent back (again no other offers) and other misc, petty requests.

Me and my clients didn’t Agree to anything the seller requested since we were the only offer ($650k plus home). After a week, the seller decided he would accept our offer but kept telling his agent that if the home didn’t appraise then he wouldn’t drop the price. That’s fine, everyone knew this and nether myself or clients were concerned about it under appraising- the LA and sellers were the ones who were concerned.

Inspections and appraisal were on point so fast forward to the present and a closing in 4 days.

The LA contacted me yesterday in a panic because she had her seller check a box that stated the seller pay all state, country transfer taxes & recordation fees. I noticed this earlier in the transaction and thought maybe it was intentional or something….also it’s not my place or responsibility to tell the LA that box was checked (I assumed she knew).

Fast word to today, 3 days before settlement and the LA calls me in frenzy because of the mistake SHE made on the lisitng agreement. After getting screamed at by the LA, name called and told “you will be paying for this mistake because it’s your fault.”

I didn’t even bother to defend myself to engage in conversation because the yelling etc …

I called my broker to discuss because I did not feel it was my responsibility to pay for the Agents mistake.

Fast forward to tonight and the agent called me again (not to apologize- no surprise there) but to tell me now it’s my fault the deal is falling aboard because i refused to pay for a mistake the agent made in her lisitng agreement. Furthermore more, I don’t know how she just just realize this l massive mistake she made ($16k error)

Long story short she told me I had to pay $2k- again for a mistake she made and has ‘o nothing to do with me….

I’m mtg with my broker again tomorrow to reiterate that I’m not paying $2k ::0/&.-“”( after the phone call)

Curious on your thoughts: ok all the above, particularly IF /9’eons here can prove it’s my fault….

submitted by /u/MissionResolution537
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/w53ioa/listing_agent_demands_ba_pay_for_a_mistake_made/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Pool fill without engineer oversight

We are in the process of purchasing our first ever home in CA and we just discovered in the disclosures that the new build property we are purchasing previously had a swimming pool which was filled without an engineer onsite to approve the work (details from disclosure below). Is this something we should be concerned with or not? Is it something we should have additional inspections conducted on? We are originally from the UK and not really sure what to do with this information and if it is concerning or not. A POOL DID EXIST PREVIOUSLY. COPING, TILE, GUNNITE AND REBAR WERE ALL REMOVED AND DIRT AND CLEAN DRAIN ROCK WERE USED TO FILL IT IN. COMPACTED FILL WAS NOT USED AND NO ENGINEER APPROVED THE DIRT AND DRAIN ROCK FILL IN submitted by /u/tommot82 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpyzw8/pool_fill_without_engineer_oversight/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/