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Updated about 7 years ago on . Most recent reply

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942
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Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts

Ethical dilemma with agent

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

Working with an agent for almost 6 months who is 3 hours away in MA. 

He sent me a listing for multi unit which didn't look appealing so  I passed on it . It's too far away for me to see every house. 

Now, a month later , he tells me he went to see it and liked it so much that he and his brothers will make an offer after New Years .

If I had known it was that nice I would have made an offer . It makes money for sure!

Is it too late for me to make an offer?

Most Popular Reply

User Stats

6
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7
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Mat Simmons
  • Gibsonia, PA
7
Votes |
6
Posts
Mat Simmons
  • Gibsonia, PA
Replied

As an agent myself as well as an investor... 1. The agent has been very right to purchase the property if you pass on it. 2. An agent will NOT go and preview every property for you. That’s a huge time suck and expensive both in time and other costs... if you are interested in a certain property I would preview it at that point but not every property. 3. He hasn’t made the offer yet so if you are interested put an offer in. I would not use a different agent however and if you have a buyers agency contract with this agent you would owe him commission anyways if you did use another agent. Just tell him u re-evaluated it and are interested in it

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