Grimy Real Estate Companies

[Banhouse]

What is the name of your state (only U.S. law)? New York

Me and my family (Married couple with 2 children both over 18) were looking to buy a house with Century 21 and sell our house with them as well. The house was formally a foreclosure that was purchased by Century. When working with the agent, we had verbally agreed on a price and they had verbally told us they would hold the house. We returned 2 days later to show our kids the house and the contractors were at the house replacing carpet and fixing the house, putting approximately $20,000-$30,000 into the value of the house. We agreed to raise our offer by $15,000. The Realtor was unaware that her manager had hired the contractors. After we had these agreements, the Realtor and her manager had continued to show the house and agreed with a buyer for $15,000 more than the offer we had agreed on that they would hold the house for us. We currently have a buyer on our house and we were planning to close by January, and if it wasn't for the fact that we have agreed to sell our house, we would back out of the contract and forget everything. Do we have anything against Century? We have a few text messages from the Realtor saying she and her manager would do everything in their power to make it work with us.

[nextwife]

Real Estate agreements must be in writing. The seller was not obligated to "hold" the house for you. They had every right to move forward with preparing their house for the market. Had you even put down a PENNY of earnest money to lock in the deal and show YOUR good faith?

[HomeGuru]

I agree with Nexie. Real estate contracts must be in writing.