December 17, 2007
What do you do if a listing agent delays presenting your full price offer on a new foreclosure listing?
What do you do if a listing agent delays presenting your offer? I found a foreclosure that just came on the market. My husband who is a new agent in another county presented this listing agent with a full price purchase offer along with loan pre approval. We scanned an emailed the docs to her. We believe the listing agent is delaying the presentation of the offer in hopes of finding a buyer of her own (without co-brokering). She said she did not know when she could present the offer to the seller/bank because of weather conditions. Is making a phone call/sending a fax/email dependent on snow fall? Is there any recourse for stalling?? I looked up the listing agent and she IS a broker.
gave us the impression that the offer would have a better chance if it was not a co-broker sale.
offered to pay a referral fee but it seems as if she wants both sides to do anything with it.
he have to give up the buyer and commission to get this offer looked at.
the buyers are my parents. we're OK with the bank taking time to go through their process. We just want to see that the offer gets in so it can start. We talked to the listing agent/broker again today.
said she would submit it, but she sounded hesitant. At this point we don't know how and if we need to verify she really did.