Seller's Agent Does Not Respond
Started by Clyde_Mohanty
almost 11 years ago
Posts: 12
Member since: Feb 2015
Discussion about
My wife and I made an offer on an apartment in an HDFC building about 10 days ago and our broker has been unable to get a response from the seller's agent. The seller's agent will not return phone calls or will say that they will get in touch by a certain time with an answer but never follows through. Should this raise some red flags?
probably shopping your offer/trying to get others to counter. I suppose if you made a ridiculously low offer they don't even want to respond to it too. :)
We put in an offer on a place and didn't hear from the agent for a very long time. They had another offer that they thought would go through very quickly. It didn't, so they started calling the people who placed the other offers.
Chances are the selling agent has his\her own buyer lined up and they are hurrying up to get a contract signed before presenting your offer so they get the commission on both ends. Happens all the time especially with lower then market priced listings. The really manipulative agents get sellers to list below market value and have their own buyer lined up so they close very quickly and get double commission...it's called churn'em and burn'em. it's horribly unethical and illegal but hard to prove so the Seller becomes a Sucker.
We finally heard back and our offer was refused (we offered higher than the ask by $7000). The listing agent tried to claim that their email server was down for several days, which doesn't explain why they wouldn't respond to phone calls. Bummer but we need to move on.
Sorry Clyde_Mohanty. I'm going through the same problem. It seems like there is already a buyer for every place I bid : (
Clyde..sorry the agents should have responded to your emails and phone calls and confirmed in writing they presented your offer to their seller. You should contact the real estate board of ny and bring up the agents name and file a complaint with The NYS Division of Licensing Services. Go to the website they lay it out for you. Good Luck.
Clyde, be careful and if something does not feel right with an agent then make demands and be heard! Enough of this unethical behavior.
yes cc2015 but did you receive confirmation that your offer was presented to seller?
sorry to hear that Clyde..smells like they used your offer to get someone to go higher or to match it that was their own buyer.
Any chance the company in question here is manhattan modern management?
Sometimes you click on the agent and it is not the listing agent you are reaching. Look carefully before you click on the agent.
I remember this thread when it was new, though not sure when it was being raised again now. This was for an HDFC, and if Valyan was right about the mangement company/broker (and I suspect this was the case because of the timing and explainaion), it would have been a specific issue with the broker that also works as the property manager for that building.