first, most agents are members of the local board of realtors. the board
has much better and quicker leverage in this type of situation. at worst
they will now have your complaint on file and best case something
might hapeen that will punish the agent or benefit you. file a complaint
there.
second , call or have you agent call the agents broker (assuming he is not a broker agent)
and complain aggressively about the way this transaction has proceeded.
third, contact a good real estate attorney. he might be able to file a
motion that will prevent this transaction from being completed. this will
get everyone involved in this sale's attention. your leverage
in this scenario goes up tremendously. you might get the house, they might
pay you to go away, or you might get squat. a good attorney can discuss
the merits of this case with you.
all of the agents/brokers should have E+O (malpractise) insurance.
from a legal standpoint, the agents are considered experts and you are
considered to be an idiot. this works to your advantage here.
finally, your agent is a schmuck for not insisting on getting everything in
writing ASAP. a good agent would of smelled a rat immediately and
worked aggressively and quickly to protect YOUR interests. if this
transaction isn't consumated, strongly consider changing agents.
hope this helps.
thanks, great post and advice
I have a very good personal relationship with my agent but i'm facing the reality that if I don't dump him I will find myself in the same sort of situation again.
Justin, the smartest guy in the room, "AK" will tell you once the seller accepted the offer, the house was sold which we all know is not true and this example you've provided is exactly why.
My advice to you after owning several homes is to walk away from this one. There are other houses out there. Buy a house because you love it and the numbers work. Don't fall in love so much with a house that you overpay.
Also, this is just me but if me and my agent give a deadline to accept/decline an offer and that deadline hits with no answer, I tell my agent to rescind the offer and we're looking elsewhere. That's just business. We have an offer on a house right now and they have until 5 p.m. tonight. I told the agent, if we don't hear from them by 5, were are no longer interested and walking.
Don't you live in the Midwest where housing is cheap?
Don't takeout that big of a loan on your 1st home, you got no kids and this girl might turnout to be the next Shelly Sterling. Get more of a starter home and keep saving the difference.
If you do have kids and you are sure your gonna spend the next 70 years with her, then disregard this post.
I know we've had our issues in the past. But we've came a long way, and I genuinely believe that to be true. Help me sort this one out.
yeah in that case just buy something for like 150k cruise
There aren't very many, but 1 of the actual perks of living in the midwest is cheap housing because land is plentiful. Take advantage of that.....Plenty of time to find your dream home.