Backing out of Offer is Agent lied??HELP

[mrnafe]

What is the name of your state? Illinois

Ok, please help....here's the deal.

A real estate agent took me to a home and told my girlfriend and I that house went up for sale in Nov 2007. She said it "didn't show well" because of the pool and being that it was May my thought was that the time was just coming where the house would show well. I made an offer, it was accepted.....I'm awaiting appraisal.

A couple days after the offer I found a blog from July 07 where the house was "newly up for sale", caught the agent in a lie!

My thought is:
1. I would've offered less had I known it had been up almost a year!
2. Now I'm worried more about resale since it was up for half a summer.....

Do i have a right to back out of this? I have a VM from her defending herself saved......

PLEASE HELP!What is the name of your state?

[nextwife]

If it was non MLS when on the market (many FSBOs use the term "New Listing" when they advertise, but the house is not "listed" unless it is placed with a licensed agent for sale) your agent's MLS search would not have shown it. This "blog", was it through the owner or an owner sale site?

If you liked the house, and bought it at a price agreeable to you, what DIFFERENCE does it make?

[Gail in Georgia]

In addition, if the house was under a 90 day contract with another agency, that contract would have run out (i.e., house put on the market in July; the contract running out sometime in October). Sellers will often change real estate companies if the house has not sold in that 90 day period, believing their agent/company did not do their job in selling their property.

If they went with another contract/agency, the records will often reflect only when that second contract started.

If a home sits on the market for a long time, sellers will sometimes "pull" it, then place it back on the market several weeks later to make it seem as if this is a home newly placed on the market.

Well, the agent technically is not at fault here..

Like others stated, this could have been a FOR SALE BY OWNER for a year and then listed her house with a realtor after the owner figured she couldnt sell it by herself.

That is why most homeowners cannot sell by themselves for they do not have the marketing powers that realtors do.

Again also,

The house could have been listed with a previous realtor and your realtor just did not think to look up in the Public records that it has been listed previously.

If thats the case, your realtor did not lie to you.. it was more carelessness on her part. She will only see when the home was added to the MLS the most recent time when searching for homes. She'll have to dig for public records to see if it was listed previously.

So my advice to you is do not try to go an sue her because I HIGHLY doubt you will get anything.

But best of luck!
Ryan