Best Interests In Mind?

February 22nd, 2010

I just got off the phone with a woman who contacted me through my website with a situation that I sadly hear more times than I would like.

She had to put her home up for sale last year due to financial difficulties. She hired a Realtor who made assurances that the home, with proper marketing, would reach its price. As time moved forward, it became apparent that the contract price would have to be lowered to get more potential buyers interested.

A Buyer was eventually found but as the market continued downward the price had to be adjusted downward,  and this Seller was desperate.  In her multiple discussins with her Realtor, the Realtor assured her the price would be met but at settlment it was not. She had no choice but to sell the property at a loss or risk  being sued.  She is currently in bankruptcy becuase the loss crushed her finacially. The Realtor advised her there was nothing she could do.

I mention this cautionary tale not because it is an every day occurrence but to remind consumers to be very careful that if  you hire a real estate sales person, you carefully check their credentials and be sure that your best interests are in mind, not the agents commission, when you place a property on the market.

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