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Updated over 3 years ago on . Most recent reply

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8
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1
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Kirk Hart
  • Portland, OR
1
Votes |
8
Posts

Our Backup Offer Accepted but, Selling Realtor Purchased Property

Kirk Hart
  • Portland, OR
Posted

We just experienced a strange scenario where we had an accepted backup offer, were strung along for months only to hear that the property was purchased by the Listing Realtor for $2k over our accepted backup offer.  This seams fishy and unethical at best.  The only way I can see this as appropriate is if the Realtor offer was the 1st position.  Any thoughts on how we might go about inquiring futher into this?  Am I missing or misunderstanding something here?  Thank you all in advance!  Cheers!

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Have the listing agent explain why it was not enforced. The seller has a liability and that agent is in the middle of it. 

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