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  1. #1
    nextbond is offline Renter
    Join Date
    Sep 2007
    Posts
    7

    Question Seller's realtor not following procedure

    Hi,
    We made an offer on a house and after Home Inspection found some issues.

    The seller's realtor asked for estimates for repairs. After 3 days, he claims he wants a letter from seller attorney to re-negotiate price or credit. He informed us that he has NOT presented estimates to seller.

    Is this ethical. What recourse do we have against him, as buyers?
    We are in Illinois.

    Thanks

  2. #2
    Jon Brady is offline Fixer Upper
    Join Date
    Oct 2007
    Location
    South Chicago
    Posts
    18

    Default

    He should have presented that to the seller. It sounds like he is trying to re-negotiate the price lower to cover the estimate, which he also should not be doing unless the seller wants him to.

    Do you have your own Realtor? That would help.

    If not, contact the selling agent's broker and tell him what is going on.

    Where in Illinois are you located?

  3. #3
    Greg is offline Moderator
    Join Date
    Sep 2007
    Location
    Outer Banks
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    1,282

    Default

    Tell him you want the items fixed. If he refuses to ask the seller and if you don't have an agent, call the sellers and talk to them about it. The agent is wrong in not presenting your request to the sellers.

  4. #4
    gjtrafl is offline Condominium
    Join Date
    Mar 2007
    Location
    Wilmington NC
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    315

    Default

    It sounds like you don't have an agent and it sounds like you need one more than ever. It's not just about getting the items fixed. It's about getting them fixed right by a qualified person or receiving enough money to get it done right by someone you know and trust.
    Search for property @ Wilmington NC Real Estate
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  5. #5
    Norman.Irlandez's Avatar
    Norman.Irlandez is offline Fixer Upper
    Join Date
    Dec 2007
    Location
    Las Vegas, Nevada
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    14

    Default

    these is very important,

    you should always hire your own real estate agent, regardless. this protects you at all costs.

    although, this could be true, do not sign up for dual ageny where sellers and buyers agent are one.

  6. #6
    carlam is offline Condominium
    Join Date
    Feb 2008
    Location
    Tampa, FL
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    234

    Default

    You didn't mention if you are represented by an agent, and if you wrote a letter noting inspection issues along with inspection to back up claim. Then you should hire a licensed professional to give you quotes to fix issues. One other thing; are the issues warranted items?

    If you do have an agent, are they addressing this? If you wrote a letter and enclosed inspection to agent, then I would contact the agent's broker to let broker know what is going on. If you do not get a reply from broker, than send letter and inspection to the seller. Get the quote for repair costs and add that to your letter. At that point you have done everything possible. You can negotiate repair costs be subtracted from contract price; this would allow you to have repairs done by someone you trust rather than take seller's word that it was done correctly. If seller is insistent on taking care of issues request invoices to show work was done by professional and you should also request another walk-thru to ensure it is done.
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  7. #7
    RobM is offline Condominium
    Join Date
    Jan 2008
    Location
    Apollo Beach, FL
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    340

    Default

    yes, pretty much what they all said. you need representation and if you dont have it, feel free to contact the sellers and the broker of the agent. This should move things along. If you dont get resolution, go to the board and ask them if there is any advice they can give you and if you dont get your answer there, then go to the board to file a grievence

    good luck

    rob
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  8. #8
    brechtp is offline Fixer Upper
    Join Date
    Feb 2008
    Location
    Melrose, MA
    Posts
    18

    Default Bad news

    That broker is bad news and it's true there is very little you can do from a distance, it's late for a buyer's broker, but are you working with an attorney?

  9. #9
    JJohnson1985's Avatar
    JJohnson1985 is offline Condominium
    Join Date
    May 2007
    Location
    Ohio
    Posts
    111

    Default

    Quote Originally Posted by nextbond View Post
    Hi,
    Is this ethical. What recourse do we have against him, as buyers?
    Thanks
    Not only is it not ethical, it is against the basic principle of a real estate agent. The agent has a fudiciary responsibility to the client, which this case is the seller. This means that the agent should disclose everything to the client. Unless the client has given permission to the agent to take care of any repairs needed, the agent is acting out of bounds. No matter though, the information should be disclosed to the sellers.

    I would report this to the State Licensing Board.
    Last edited by JJohnson1985; 03-04-2008 at 08:37 PM.

  10. #10
    adamwealth's Avatar
    adamwealth is offline Fixer Upper
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    Mar 2008
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    22

    Default

    I agree. The Realtor has a duty to fill the buyer in on the issues at hand. Consider reporting this to the State Licensing Board.

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