HI REIclub,
I have an expired listing for a lot owned free and clear located in NC that has expired. My broker expressed interest from a potential buyer, but the deal did not go through. I have made contact with the buyer (after the 30 day protection period) where he is still interested, I want to sell directly to him now.
Are there any special documents that I need to close this deal.
Should I contact a RE attorney??
Please advise!!!
As much as I avoid working with agents, because they lie and take advantage of average suckers whenever their commissions get threatened, I find it equally advantage-taking of you, to use up the agent’s resources and time to find you a buyer, and then go to the exact buyer he brought you, and work out a deal that excludes him from a commission. Instead, why don’t you just lower your price, so that the agent may be paid for his time in solving your problem? Unless the agent lied to you, or the buyer about the terms of the deal, I think what you’re doing is rotten.
Take advantage much? I have a knife-polishing product you can use. You know, so that back-stabbing can go real smooth like.
Javipa,
Sorry…but I sent that buyer to the agent, and she wanted to lower my price and charge me $1500 broker’s fee.
I should be able to utilize the NC standard form 12-T (offer to purchase and contract-vacant lot/land)…correct?
It doesn’t make any difference how the agent came by your buyer. He accepted a 3rd party offer. He presented it to you, and you negotiated a rejection of that offer.
At the same time, you wasted the agent’s time and money, because the price meant more to you than the closing did. So, you clawed back the transaction, and closed at a higher net price to you …with that same buyer.
I’m sure someone’s willing to give you advice on how to rub salt into the abuse you’ve put the agent through. Maybe you’ve answered your own question, I don’t know.
If you wanted a ‘net’ listing from the agent, then you should have been honest enough to explain that to him, before he represented you at a loss.
Which brings me to mention the axiom that “All sellers are liars.”