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birirule1980
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birirule1980 has joined ChillSpot1, say hello to birirule1980
8 months ago

What the buyer did not realize about these homes, is they are ALL under contract. Yes, it is confusing. Properties listed as 8220;Active with Contract8221; in Orlando means the property already has a fully executed contract. So technically, these properties cannot be purchased. Why in the world then, would these properties be pasted all over the internet showing they are FOR SALE? Even real estate brokers chosen by you to help you locate a home may represent the seller. According to most Multiple Listing Services, a broker helping the buyer locate a home is actually working as an agent of the seller's broker. Therefore, they represent the seller rather than the buyer. Before disclosing confidential information, such as your top offer, be sure the broker is not going to share that information with the seller. There are some brokers that only represent buyers. They owe their allegiance to the buyer. There may be a fee involved for this service, in addition to their commission. Make sure you understand what financial obligation you owe the broker before entering into any agreement.
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11-20-2023
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birirule1980
Member
Flag This User — cancel
Select the category that most closely reflects your concerns so we can review it and determine if it violates the Society Guidelines
Activity
birirule1980 has joined ChillSpot1, say hello to birirule1980
8 months ago

What the buyer did not realize about these homes, is they are ALL under contract. Yes, it is confusing. Properties listed as 8220;Active with Contract8221; in Orlando means the property already has a fully executed contract. So technically, these properties cannot be purchased. Why in the world then, would these properties be pasted all over the internet showing they are FOR SALE? Even real estate brokers chosen by you to help you locate a home may represent the seller. According to most Multiple Listing Services, a broker helping the buyer locate a home is actually working as an agent of the seller's broker. Therefore, they represent the seller rather than the buyer. Before disclosing confidential information, such as your top offer, be sure the broker is not going to share that information with the seller. There are some brokers that only represent buyers. They owe their allegiance to the buyer. There may be a fee involved for this service, in addition to their commission. Make sure you understand what financial obligation you owe the broker before entering into any agreement.
Member Since
11-20-2023
Male
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Country
 United States
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