I heard a good one today. “If my buyer makes a full price offer on your listing the Seller MUST accept it and if not, I can sue them and make them accept it.”
Now folks, have you heard this before? Do you believe it to be true? Well let me clarify, if you haven’t heard this before, you probably will at some time. If you believe it to be true, well, how do I put this nicely? You are dead wrong! I believe this to be one of the biggest misconceptions out there in Realtor world. We are supposed to be professionals and we are supposed to know a little bit about Real Estate and Real Estate laws. This belief is just so wrong and it irks me every time I hear it. “We made a full price offer and your Seller MUST accept it”. Well, all I have to say on this is, sue away. When the Judge quits laughing at you he will probably reprimand your Attorney for filing a frivolous law suit. Then you can explain to your Buyer why he wasted all his money on his Attorney’s fees and on my Seller’s Attorney’s fees.
Anyway, that’s all I have to say about this. What say you?