First Team Real Estate, Laguna Niguel, Ca Complaint - Unethical treatment by a real estate agent
LAGUNA NIGUEL, CALIFORNIA -- Warning to those of you interested in buying properties listed by First Team Real Estate in California. A property that was listed in Garden Valley, Ca. for $85,000 (Spanish Flat) by First Team Real Estate was withdrawn from the market after I went to the trouble to make an offer of $86,000 ...which was slightly more than the asking price. I was pre-approved by a bank to make this purchase. The agent listing the property for First Team R.E. never did respond to my offer one way or the other to let me know if it was accepted or not. I became concerned when I noticed that the property was withdrawn from the online multiple listings. After a week long wait for some response from First Team, which was very stressful, my own agent finally got ahold of the listing agent. The First Team agent seemed disinterested in our complaint of not being notified of the status of our offer and the status of the property . Maybe it isn't required by law to let you know you have been accepted or not, but it sure would be the right way to do business with someone who took the time and effort to make an offer on your listing. My agent was also concerned that First Team had made him look bad in front of his own client, me. . The First Team agent lamely explained to my agent that he decided to pull the property off the active list and auction the property instead of accepting my offer. Now I wonder if my offer was ever given to the seller to consider. Was I a dupe in a scheme to underprice the property in order to generate a bidding war that backfired? Wouldn't it have been nice if the agent had at least thanked me for taking the trouble to make an offer? I trusted the agent's listing and the agency's integrity when they put the property on the market at that price. I now think I misplaced my trust and will never do business with them again.