If what you suspect is true, I would guess that the agent in question may be trying to make both the sales to happen for bigger credit. Both sales are more likely with each of you buying one property than expecting one buyer to buy two properties. If you really like and think its a gooed deal, go ahead and buy it. Otherwise let it go and look for another one through another agent. There are quite a few homes for sale that are lender owned. Lender owned homes have fallen in price significantly in the last four to five months. I have seen in my own experience. I sold a home to my client two months ago for 220k (100k less than it was originally listed for). The same lender listed another home in the same subdivision, bigger and better than the one I already sold, for 260k. This tells that lenders are having tough time finding buyers to dispose off the lender owned homes.
If you are desperate, get out of it and find another. There are a lot.
AllTrust Realty Inc.
Your untrustworthy agent seems to be the procuring cause and original agent. You should either swallow and learn from this or contact the broker to see about using them or another agent. Either way, the first agent is due a commission by definition.
Move on. Lesson learned. Just like Hank and Shyam stated.
I'm curious - what's the pending price for the bank owned Alpharetta property that you wanted to buy, but now no longer seek to buy?
If you do not have a 'Buyers Agency Agreement' signed with the agent you have now, you have the right to use any agent you like. If the agency agreement does exist, you will not be able to use another agent until you cancel the agency agreement with the broker you signed the agreement with. You will need to do this before you put the offer in again on the bank owned property. If you do have an agreement I would suggest you read it carefully, there should be a cancellation clause in the contract.
Hope this is helpful!!!
The fact that the closing has not taken place within the agreed upon time frames does not in and of itself void or make voidable the contract, or void any secondary agency relationships that may exist as a result of the existing contract.
It seems that the focus should remain on the war and not on the small battles that occur in route to victory.
Van S. Purser - Managing Broker & Investor
Van Purser & Associates LLC
Providing Real Estate Solutions Since 1981
Office: 770-623-3313 Cell: 404-863-2340
Web Site: http://www.VanPurser.com
However, you say you "did not find her trustworthy." That's not enough to go on. It's possible, on the one hand, that she was nearly as much in the dark as you while the process was going on. That's very typical. On the other hand, if she was forging your signature or submitting offers without your approval, then those are serious issues which should be brought to her broker's attention immediately.
Speak to your agent to try to resolve the problems. If that doesn't work, speak to her broker.