letter from realtor about bank approved buyer a few weeks before listing
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Anonymous
| We are getting ready to list our townhouse (have already purchased a new home). We have not signed paperwork yet but we have discussed listing with the agent we just used to purchase. We are familiar with and trust this agent and definitely want good representation for the transaction, but hope to sell quickly We just got a form letter from a local realtor that they have a bank-approved buyer currently renting in our community who would like to buy. Nothing else is currnetly listed in our community. I realize that those letters are sometimes scams and even if not the buyer might not like our unit for various reasons. WWYD? |
Anonymous
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Local realtor fishing for clients, that's all. He or she doesn't have a buyer in the wings, but just wants the commission on the sale of your house, and hopes you will patiently wait until buyers show up. |
Anonymous
| Is this always the case? Don't they sometimes have an actual client? |
Anonymous
| Yes, they sometimes have an actual client. Have the agent who is going to list your place call the agent who sent the letter. Then you'll know for sure if the letter sender has a client. |
VArealtor
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Assuming the best scenario: Agent legitimately has a renter that wants a property and had their realtor reach out to you because they know you're moving. Even if you choose to pursue a deal with this agent and his/her client, you still will have to shell out commission. There is no advantage to using him/her instead of your trusted, previous realtor.
I recently did see a realtor send out such letters when they did not have a buyer on hand. While I want to assume the best of my colleagues, just know that this is always a possibility. If I was in your shoes, I would have my previous agent reach out to the agent that contacted you. Of course, if it was a legitimate inquiry make sure the agent knows that you will still use him/her in the transaction. just remember: you might still end out ahead by listing your property anyway. it could go for higher than your neighbor might offer &, again, this is why you need your own agent to represent your interests. |
Anonymous
| Exact same scenario happened to us this spring. The interested buyers never materialized. |
Anonymous
Wait a second. Are you telling me the realtor was full of shit? Shocker... |
Anonymous
Because, you know, Redfin agents are angels. 
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