Broker Funny business?? Baltimore

[David Kosiorek]

So i'll be as detailed as possible: I'm looking on what action I should take and anything else you think might be useful information to provide.

Listing address: 5641 Whitby Road, Baltimore, MD 21206. List dated 2/7/14 (55k), Sold date of 4/24/14 (51k).

I was working with a real estate agent (******* of Coldwell Banker), which I had submitted an original offer of 53,444$ on 2/8/14. Then on 2/10/14 submitted another offer of 59,444$, cash, as is, 21 day close or sooner. It has come to my attention this house was sold for$51,000, much later than I would have been able to close on this house.

Listing agent on this was Craig ******, ID: **** (I obtained, from the offer). I've seen this sale move

Note: Hogar Commuunity Reinvestment LLC out of STE 1 1001 N 3rd Ave Pheonix, AZ 85003. Is now listed as the owner but just last week it was an LLC owner (i'll find that name) based in good ole' Baltimore.

What would you wise investors do?

[Wayne Brooks]

Probably not a bundle sale if the property was listed individually.

@David Kosiorek Did you have an inspection period? This can make a difference. But yes, listing agents do often play games. A call to both brokers would be where to start. Also as an indicator, the MLS should indicate who the buyer agent was on the sale. We still don't know if this was a private or institutional seller. The buyer could have originally made a higher offer, then negotiated it down later for some found defect, but if your offer had no inspection or other contingencies, you'd think the seller would have just moved on to yours.