Huh?! You should really learn more about the deal before making this statement. It's a bit grandiose, self-serving and possibly just flat out wrong.
Someone else mentioned that there may have been a higher offer. If you had a buyer's agent, (1) you would have had a true advocate and (2) they might have counseled you about the situtation and what may have been required to win the deal. Spearating the Buyer and Seller representation ensures each participant has independent advice pertinent to their role.
Sorry your deal want poorly.
Remember too, that having an agent of your own costs a buyer NOTHING. Buyers' Agents get paid from the proceeds of the sale....my buyers get 100% service (and occaisional lunches :)), at no cost whatsoever.
Either way, a call to the broker/owner would at least clarify for you what the Realtor involved in your deal DIDN'T, which is an understanding of what happened- you're entitled to that, and should have been fully informed.
I feel the other agents have answered your question at hand. I would have to agree that moving forward you would want to hook up with an exclusive buyers agent to represent you. Here at CondoDomain we represent you and only you, we even cut you a commission at closing. The beauty of our business model is that, the price tag doesn't matter to us nor does the sellers interests. We work just as hard on a 200k deal as if it were a 2m deal.
You should really consider checking us out.
Anytime an agent tells you he/she is working for the seller or even the company representing the seller you should seriously consider finding other representation before signing any agency agreements. The easiest way to ensure your interests are protected is to hire an exclusive buyers agent to you help you in the purchase process. Be careful, though, because a lot of agents are calling themselves buyers agents but they still work with sellers. It's easy to find out background information on every agent you interview/consider, including transaction history. Better to do the quick homework so you don't get into another situation like what you outlined above.
Sorry you had to learn about the unethical dealings of agents this way. Maybe the other deal on that property will fall through and you will get another chance to bid. In the meantime, I would really consider finding yourself an exclusive buyers agent to help you (and of course let that other agent know you no longer wish to work with them).
Hope that helps. Good luck!
sounds like you worked with an agent who was not a listing agent. Its ok, nothing wrong with that. When there are multiple agents submitting offers there could be many reasons why another offer gets accepted and not yours. If you do not have a buyer's agent agreement, than your agent represents the seller, whether he is a listing agent or not and you can never be sure whose transaction your agent wants to win and why. If the agent knows his work will get paid now or eventually, i.e. you have a true buyer's agent, that agent will represent your interests and so should leave "no stone unturned" to help you succeed... well, this is how I work :). Get yourself a buyer's agent to succeed in your next transaction or call me :)!
Start working with an agent to who will work for you in your next real estate transaction.
Scott Slocum, REALTORÂ®
Licensed Real Estate Broker Associate
Florida Future Realty, Inc.
2816 Del Prado Blvd South Unit 2
Cape Coral FL 33904