There are listing agents starting to offer bank owned property at very low prices trying to get lots of showing activity. If you make a cash offer for the asking price with a quick close you should be able to buy the house. In fact, the listing agent would owe a commission to the buyer's agent for bringing a "ready, willing, and able" buyer at the asking price. No buyers agent has pressed that issue on the listing agent. I am thinking of doing it myself by taking the listing agents in front of our Association of REALTORS on a complaint.
I believe that offering a property at one price and then saying that the bank will not sell at that price is unethical and shoule not be allowed. I am curious to see if other agents feel the same as I do. - Tue Dec 15 2009, 14:52
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