Perhaps this post is skewed by my line of work - real estate appraiser. However, I have found that sellers and their agents (even ones who represent themselves as Realtors) are not allowing a potential buyer to verify information prior to having to "jump in" to the purchase.
I will give you the most recent event: I saw a listing for a Wyndham contract for sale on RedWeek that interested me. It was a "full service" listing. I asked for some specific information, that was not disclosed on the listing. The "realtor" from RedWeek responded and attempted to provide some information. However, I was not allowed to get independent verification of such. And some of the information was clearly wrong, and IMPORTANT information - The cost of the Monthly maintenance fees was obviously either missing the program fee, or grossly understated. Other information such as current account balance could not be verified.
I asked the "realtor" if I could receive a copy of the current deed and/or a copy of the estoppel, and/or a copy of the monthly maintenance fee bill. I was told that I could not be provided any of that information, not even a redacted copy. I asked why? And I asked the "realtor" if he was indeed licensed. He said he was licensed, and that the purchase was not a deeded property (contract was NOT Club Access, so I doubt the accuracy of that statement) so I could not see the deed or paperwork. I then asked if I could talk to the seller, he said I could not.
Now, RedWeek is an established force in the market. So why would they not provide verification about the property being sold? Am I the only potential buyer that would like to see verification of what I am buying? Am I out of line to expect a licensed "realtor" to respond in a more transparent mode?
Obviously, I am a paying member of RedWeek, so I would expect some level of verification should be provided to me. Am I wrong?
Thanks for any input.
Wes
I will give you the most recent event: I saw a listing for a Wyndham contract for sale on RedWeek that interested me. It was a "full service" listing. I asked for some specific information, that was not disclosed on the listing. The "realtor" from RedWeek responded and attempted to provide some information. However, I was not allowed to get independent verification of such. And some of the information was clearly wrong, and IMPORTANT information - The cost of the Monthly maintenance fees was obviously either missing the program fee, or grossly understated. Other information such as current account balance could not be verified.
I asked the "realtor" if I could receive a copy of the current deed and/or a copy of the estoppel, and/or a copy of the monthly maintenance fee bill. I was told that I could not be provided any of that information, not even a redacted copy. I asked why? And I asked the "realtor" if he was indeed licensed. He said he was licensed, and that the purchase was not a deeded property (contract was NOT Club Access, so I doubt the accuracy of that statement) so I could not see the deed or paperwork. I then asked if I could talk to the seller, he said I could not.
Now, RedWeek is an established force in the market. So why would they not provide verification about the property being sold? Am I the only potential buyer that would like to see verification of what I am buying? Am I out of line to expect a licensed "realtor" to respond in a more transparent mode?
Obviously, I am a paying member of RedWeek, so I would expect some level of verification should be provided to me. Am I wrong?
Thanks for any input.
Wes