Since when does the Buyers Agent know what's written in our listing agreement?

Here is another one of my true experiences in Real Estate. Just doing the job I love!
We have had this listing for quite some time. At the time there were about 400 other similar ones. It's a 2BR 2BTH condo in Century Village Deerfield Beach FL.

At the time we listed it the price was a bit high and there was lots of inventory to choose from...there still is. The seller finally agreed to reposition the property to reflect current market conditions. After that we started to get lots of activity and I though it was just a matter of time before we would be receiving some offers. Over the weekend....my partner managed to negotiate a deal and verbally presented it to the seller. As of Monday...he had ironed out all the specifics and mentioned to the buyers agent that he thought we had a deal.

Many of our clients that are moving to this community are from Canada because of how strong the Canadian dollar is.

Here is where the problem started. First of all...... presenting offers in writing to our client is a little difficult because they don't own a fax machine or have email capability. They are also older and like to it the old fashion way by having the contract delivered overnight. We aways try to do what's best for our clients with the lease possible inconvenience to them but this was the way we had to present the offer.

My partner has been waiting for a long time to get an offer on the property and he was very excited to go to our office Monday morning and put together the contract submitted by the other agent. Once the paperwork was all together he set up the overnight package and was just about ready to close the package when guess what happened? The unthinkable in this market...we received a call from another agent who also showed the property and was calling to tell him they were sending an offer over to our office.

My partner told the buyers agent we have another offer ready to send via overnight and since it hasn't been executed by the seller that we would suggest that they send it over right away or we were going to mail the first one out now and might not get it there in time before the seller makes their decision.

With in 10 minutes the offer came through and we looked at it and then stuck it in the envelope. But before we sealed it and called for a pick up my partner felt bad that the first buyers agent thought it was a done deal. I explained to my partner that if he wanted to call the first agent back out of courtesy just to let them know what happened....just don't to discuss anything about it other than we needed to present both offers.

The other agent didn't want to hear it and said we had no right to submit the other offer because the seller already accepted the theirs. The problem was it was verbal and the seller never signed off on it yet and hadn't even seen it. The first agent kept telling my partner that our listing agreement says this and that and that we had to fulfill the obligation to take his offer and not the other.

I then grabbed the phone and asked the other agent how they know what our listing agreement says and what we agreed to with the seller. He kept saying that our listing agreement said this and that and I told him politely to mind his business and that we were obligated to send both offers to the client regardless.

He than told me to mail his first and hold back the other one until today. At first I thought..."is this person crazy?" I just bit my lip and said the following to agent number one..."sir we don't appreciate that you are dictating to us what is in our listing agreement and further more we only called you out of courtesy to let you know that there was another offer to be submitted with yours and that regardless of the price and terms of both contracts....they are both confidential and would both be looked at by our client......Before we close up the package would you like us to continue to proceed with your current offer?".... He said yes.

I would never hold back any offer even if we had both sides unless it was authorized in writing by the seller. We present and give our views and opinions but never would we influence any seller to taking a certain offer...that's their final decision. After all they own the property ...we don't.

Just so you know........both offers were very similar in price as well as the terms and conditions.
I'm sure that anyone who reads this will agree that if we held back any offers before anything was executed...... then we would be misrepresenting the client. We didn't even discuss this with our seller. we just submitted them and let the client pick which one they wanted to go fourth with.

I have also seen many different listing agreements and even the standard agreements I have seen have been altered...scratched out or amended so there is no way anyone else would know what's in the agreement unless they actually saw it.

I wonder how any client would feel if they knew that what this agent wanted us to do.
I would love to hear opinions and how other agents would have handled this.
For more information please contact Neal The Real Deal Bloom-CRS-Realtor® /Remax Hometown


2500 Weston Road ,Suite 103
Weston FL 33331
(954)608-5556

The Real Deal tells it Like it is in Real Estate copyright © 2008-All rights reserved

It might be cold and snowing in Canada but it's sunny and in the 80's in Hollywood Beach FL

It might be cold and snowing in Canada but it's sunny and in the 80's in Hollywood Beach FL.

Ahh..... the beautiful white sands off the boardwalk over in Hollywood Beach FL. There is nothing better then to go down to the local beaches in Hollywood FL and look out into the beautiful blue waters from your own backyard. Well... this could be you if you are interested in some of the best condominiums with the best views available right here in Hollywood Beach FL.

There are many opportunities to buy the right home. Whether if you are looking to find your new permanent place of residence or just looking for a second home or even a place to keep just for this time of year and use it as your vacation home...then there is nothing better than to get away from all that snow and ice and the numb feeling you get at this time a year just to celebrate the holidays on the warm white sands of South Florida.

I have been able to take advantage of spending more time by the beach. This is because many Canadians are flocking to Hollywood Beach FL so they can take advantage of the beautiful weather we are experiencing. Normally I do not have much time to come down and enjoy the sites but I have been working really hard with a young couple from Toronto Canada so why not take advantage of my own time by hanging on the beach a little and catch some of those rejuvenating sun rays and listen to the surf.

I might even go across the street and watch some of the most magnificent boats you have ever seen traveling down our inter coastal waterways. They have been here for four weeks and will soon be traveling back to Canada.

Their goal is to come back with a signed contract and their new vacation home. They have a limited budget and we have seen many condominiums that have are great opportunities available to them. although they are limited on what they can afford...they also have some special needs. I will continue to kick it up a notch and work with them until they leave. If I am not successful on this trip.... then at least they have learned the area and will continue to let me search for the right home for them.

Come visit the beaches of Hollywood FL today.

You will be glad you looked at all the opportunities available.

If you are interested in moving to our area ......then we strongly urge you to visit Downtown Hollywood FL- you can also preview condos for sale here.

If you like reading different stories about Real Estate then please visit my blog The Real Deal tells it like it is in Real Estate.

For more information please contact :

Neal The Real Deal Bloom-Realtor® /Remax Hometown
2500 Weston Road ,Suite 103
Weston FL 33331
(954)608-5556
The Real Deal tells it Like it is in Real Estate copyright © 2007-All rights reserved

Oh Canada!...Canadians are buying Real Estate For Sale In South Florida

With such an inflated amount of Real Estate for sale in South Florida...."it is an excellent time buy a home." Prices have come down quite a bit over the last 2 years and inventory levels have reached all time highs.

Tourist season is now approaching and it is a good time to think about the benefits of buying a home in Florida. So spread your wings and fly south for the winter!

But there was one thing we discovered. Although there are not many buyers looking to purchase homes right now...we have been lucky enough to have closed a few deals this year from our Canadian clientele. We want hank you for all of your support!

Our Canadian connections have not only benefited our business but it has helped our clients get an even better exchange rate on the money that they have invested in Real Estate in South Florida. All of our clients decided not to finance any of the properties we sold to them. They paid cash for them.

Our clients have been watching the dollar and they've noticed that it has been becoming strong so they all decided "it is a good time to invest in South Florida Real Estate."

For example.....A condo we sold 2 BR 2 BTH condo about 1200 SQ. FT. corner unit at Century village in Deerfield Beach Florida was listed at 149,000 we ended up making the deal at $120,000 after we closed on the deal our buyer was even more ecstatic when she found out that her $120,000 US dollars was actually $112,000 Canadian. Since then she has sent us 4 clients who each purchased condos in the same community. All have closed in less than 30 days.

Last week we just sold a home in Coral Springs Florida. It was a 5 BR 4BTH about 3800 SQ. FT. single family home that was listed at $644,000 and we were able to negotiate a deal for $617,500. The buyer also purchased it for cash and closed in 3 weeks. He also was aware that the dollar was very strong and the exchange rate has hit close to a historic high considering the past being fairly low. By the end our results were 6 closed sales....3 rentals,two of which turned into eventual sales....2 new listings.

Do not wait..."now is the best time to buy your second home in South Florida." It hasn't been this attractive for over 40 years and with the recent slump in prices it may never be a better time to buy. Prices have dropped between 20% and 50% and every seller is awaiting ANY offer....so hurry this may not last!!!

We will also soon have additional information in La Presse.

It's a great time to buy the home that you've been looking for. Come visit the area so you can see all of the South FL Real Estate for sale.

You will be glad you looked at all the opportunities available.

If you are interested in moving to our area ......then we strongly urge you to look at homes for sale in South FL-they are available here.

If you like reading different stories about our area then please visit my blog The Real Deal tells it like it is in Real Estate

For more information please contact Steven Kohn (954)605-5877 or Neal The Real Deal Bloom(954)608-5556 /Remax Hometown


The Real Deal tells it Like it is in Real Estate-copyright © 2007

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