Not every buyer out there is a good fit for me and I'm not the Realtor for every buyer. That's why there is more than one of us.
For this very reason, I prefer all financial , tax and other sensitive documents be kept between the lender and the borrower. Furthermore, I usually request all sensitive information be "blacked out" prior to me receiving it . (Such as proof of funds,etc.)
Your statement helps me reinforce my policy for future buyers, thanks for venting and sharing.
In today's market it's very competitive but that's no reason to move a buyer from the comfort zone. Purchasing a home is stressful enough without the added pressure from their advocate.. Your realtor needs a ceiling as far as purchase price but you can set your amount with the lender, figure out the amount need to close and move to a separate account so the agent only has that information not your complete available funds. Sorry for the ordeal you suffered through to purchase your home but these are a few suggestions when you're ready for your next purchase
Truly, if you don't trust your Realtor completely, it's going to be difficult to have a successful transaction. Your Realtor should be on your side and have as much information about your position as possible. We are license by the state and should not be divulging personal information except as needed to submit an offer.
If you feel it's appropriate, consider reporting your agent to the proper authorities...at the very least, her broker.
I think that's the point I'm making...my financials can be verified by a mortgage broker. The agent just needs to hear "yes he can." The agent does not need to know how much or how deep he can go.
If the agent in my example simply knew I qualified for X amount based on my financials, that would be one thing. but for her to know how deep my accounts are, or that I've been approved for X when I can really afford Y is dangerous territory.
I'd rather them think I barely qualify for X so that they don't try to squeeze me for Y in order to make a deal. Leave the financials to the mortagage guy and please don't let your mortgage guy tell the agent all your specifics.
On a side note, this was an issue because I went on a referral from my sister. I didn't want my sister knowing my financials and her friend the agent ended up with more info about me than I bargained for.
Then I started getting posts of a personal nature on Facebook from my realtor that indicated certain private info that she thought was friendly, and my sister could totally see this.
I'm jaded--and I actually like the realtor as a person.