I bought a out of state multi family. The closing last 4 months due to the seller not performing the repairs per our initial agreement. we agreed on foundation repairs to be done by the seller. However, because the seller wanted to close quick, he got a quote from a company ($16k) I got mine from another contractor to avoid any potential collaboration between the seller and the company, they quote at $18k but the seller refuse to go with my contractor, to save $2k. I was ok with that as the funds ($16k) would be withhold in the escrow account and will be released only if I have a reinspection report that attest they did the job correctly.
The work has been completed since September 8th and I wasn't notified. I called the title company and they told me my realtor agent informed them to wire the funds to the contractor which they did without informing me.
I contacted my realtor agent yesterday (3 weeks later) to understand his approach and why he proceed without event informing me the work has been completed. He told me the seller agent was pressuring him to release, without even acknowledge this is appropriate.
Now I am very confused. I don't know what incentive the seller agent could have and I suspect they are all working together and trafficking something off.
Besides that, throughout the 4 months process, I noticed a crucial lack of communication from my realtor agent and fell like he is by the seller side and not defending my interest (the seller agent is his friend)
Am I overreacting? Any thoughts? Should I report my realtor agent for such unprofessionalism? If yes how?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/16ucer1/my_realtor_decided_without_informing_me_for_the/
Comments
Post a Comment