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Hi, I am new to this news group, so please help a noob.
After looking through many house listings in my area I finally found a place I really want to get. The asking price of the house was set at 204.900, and I wanted to place a bid at around 188.000. The market in my area is not HOT.. for example, the house I want to buy has been on the market for 3 months so far, so I am taking for granted that not many people wish to buy the place at the asking price. Considering that the house is in nice shape, located in a nice area, and at 2000sq is a average sized home. Theres not much listing of houses at around 200,000 and not many at 2000sq. Anyhow back to my story. My real state agent told me that the best method to obtain the house is to bid close to my maxium bid.. or whatever maxium i wish to place on the house. so I bidded at 192.000. I was counter offered at 202.00, I counter offered then at 195.000. I was then advised that the house was already placed and advertised for a open house the following weekend. I was told by my real state agent that my offer would be accepted at 195.000 if no other offers were accepted during the open house. I found this kind of odd, however I bit my tounge and waited. Now the week has gone by and I am pressing my agent to get the deal going. ( BTW, both sellers and my agent work for the same real state company ). however I was told by my agent that he couldnt contact the sellers agent and that he as placed a few calls and paged as well without a return call. At this point I was pretty ****ed off, so I called the sellers agent directly myself. Guess what... not even 2 minutes went by before my AGENT called me back to tell me the good news..... he finally contacted the sellers agent and that my offer would be " looked at" during this weekend. Since my original offer dealine expired, I had to sign another set of paper offering the same amount of money for the same house with an expiration date of a day. Well just before my offer expired.. guess what? I was told that the owners of the place are looking at my offer ( however by the time my secondary offer has expired as well ) I then told my agent.. I am sick and tired of this mind game. if they are not going to accept my final offer to tell me so.. dont dick me around making me wait, and wait.. and never be told a final answer! What really ****es me off in a way is the following. am I correct to say that if they accepted my offer VERBALLY during the original deal, are they ethically or legally force to go through the deal? do I have any legal ground to raise some hell on this? Am I right to say the whole thing sounds very suspicious? not able to contact the owner agent for 2 days.. making my offer wait and wait.. never really be told a final answer? Simple ys or no should be sufficient. I am not even getting a counter offer, i am simply being told its being looked at! both offers have now expired! I emailed my agent this morning outlining my plans. I told him that i was getting tired of looking at houses..and that i wanted the house i placed a bid for. however i am not increasing my offer as it was originally accepted. I also asked him if he though i had legal grounds to talk to the management ( real state office ) regarding this fiasco!. reason i mentioned the latter to him is to let him know that i have become suspicious of the dealings and that I may want to raise some of my concerns.. so if anything illegal is going on during my transaction to stop it , and make either the deal go through or at the very least tell me whats going on. BTW. I am located in Briish Columbia Canada. |
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