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Life Imitates Blog

I wrote yesterday about a buyer relying on a real estate agent’s representation and questioned why anyone would want to take advice from someone clearly paid to promote someone else’s wallet to the detriment of your own.

Then two things occurred.

First, I heard from a reader who wrote:  “I spent weeks and weeks viewing houses with ‘Gina’. She gave us tips and strategies and ways to find the house of our dreams at an affordable price. We took her to lunch a few times and gave her a discount at our business. We thought Gina was our friend, though she was working for sellers. Then we found out after closing that the ‘other offer’ of $10k more we had to beat to get the house never even existed! So the sellers got at least $15K more for the house from us than we had to pay, net of Gina’s extra commission of $300-$500 more. It can happen!”

Second, I got a call from someone I represented about 10 years ago.  Though the file shows that she was advised that certain items in the house should be checked out with the municipality, she did not do so, and now she let me know she has to bring same into compliance with town code.  Why did she not check at the time?  She advised:  “the real estate agent told me everything was fine with the house.” 

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