Can a Investor list a property for sale without owner consent ?

Asked by Juana Torres, Houston, TX Tue Dec 10, 2013

I had an investor that offered a cash offer for my property , and without a contract he listed my house for sale on his website.

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Don Groff, Agent, Austin, TX
Thu Dec 12, 2013
Sounds strange. He offered you cash to buy the property and before you accepted he already listed the property on his website. Very strange situation which also makes me tend to believe he knows he can sell your home for a lot more than what he is offering you.

If you are serious or considering selling I would speak with another Realtor to get an idea of what your property is worth and sell it that way. Unless you find out what he is offering you is fair and market value which that may not be the case.

Hope this helps.

Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 |
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, ,
Wed Dec 11, 2013
He shouldn’t, but my guess is you verbally said yes to his offer. Good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
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Jan Reed, Other Pro, Houston, TX
Wed Dec 11, 2013
depends... if the owner gave a vested interest to the investor for the property in question, then yes. if this has not happened or no listing agreement has been signed, then no. ((off the top))- but, again not for certain without reviewing a contract or further details. not all real estate transactions are your textbook deals. Investors do not have to be licensed if they have any ownership stake in the property either passive or non-passive, BTW
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Chris Brouss…, Agent, Cypress, TX
Wed Dec 11, 2013
It sounds like a legal question, a financial question, and an ethical question all in one. For a practical solution to your quandary, I see a few variables.

1. Whether or not the the investor is a licensed or unlicensed agent/broker,
2. The prices and relevant inventory (what you need, the market value, the wholesale value, and how quickly could your home be sold at each level),
3. Your time frame needed to sell
4. What steps you are willing or able to take to optimize your situation.

I would strongly recommend having someone act on your behalf asap with the advice of a real estate professional. I would be willing to give you an insider's perspective & evaluate your situation with no obligation on your part.

Best regards,
Chris Broussard
Texas Home Group, Realtors
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David Tansey, Agent, Houston, TX
Tue Dec 10, 2013
If your property is listed online, it is likely on dozens of web sites by now. Many sites search the web and repost other sites content.
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John Juarez, Agent, Fremont, CA
Tue Dec 10, 2013
How mad are you about the activity that you have described? Trying to sell something that you do not own strikes me as fraud.
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Karen Friend, Agent, Houston, TX
Tue Dec 10, 2013
Do you have your house for sale by owner? Is he a Realtor? Did you sign anything at all with him?
Happy to help if you want to give me a call.

Karen Friend
Broker, Mediator
Better Real Estate Group
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