Exclusive Buyer

BACKSTABBING BUYER’S AGENT Here’s an example that clearly shows why you need to do your research before hiring an agent. According to a story on the Omaha Homes for Sale blog, as reported on Creative Real Estate Online, listing agent Troy Trumm just wanted to get his clients the best deal possible when selling their homes. In fact, he believed it was his duty to do just that — as it should be. So, when a buyer’s agent called him to let him know that he had a buyer interested in Trumm’s listing, but were willing to pay the full asking price, despite the buyers’ offer for $6,000 less, Trummwas taken aback, shocked. “Of course, the reason this agent told me this was because he wanted tomake sure that the offer got accepted, so that he would get paid. He knew he was backstabbing his clients by putting his own interests above theirs,” Trumm is reported to have said. Thank goodness that his listing received a higher offer from buyers who could afford it, before the backstabbing agent’s deal could move to closing. “The agent had gained nothing from his evil ways,” Trumm added. Key Takeaway: Do your research before hiring a buyer’s agent to avoid being the victimof backstabbing. Reread Chapter 2 to learn how to do this. THE CASE OF THE DISAPPEARING LENDER Alex was excited to make her first home purchase in 2016. However, as she lived in the Washington, D.C., area, her pricing options were limited, with homes on the lower end still costing $250,000.