Why do Realtors not want buyers and sellers to meet?
That’s because most agents have seen what can go wrong when buyers and sellers meet directly. One of the main reasons sellers list their homes with a real estate agent is because they don’t want to deal directly with the buyers. They want their real estate agent to act as the intermediary.
Do estate agents talk to each other?
Yes, real estate agents talk to each other, and they do so to : Facilitate the sales in which they are involved. Build a professional network which, in turn, helps them better serve their clients. Learn about the properties, the neighborhoods, and issues that might affect their clients.
Do buyers and sellers meet at closing?
However, when everything comes together, the buyer, seller, Realtors®, and title representatives come together at the closing to exchange ownership of the house. The agreements signed at closing are between the buyer and seller, but also between the buyer and the lender.
Can I contact a house seller directly?
Contact the seller directly
By speaking to the seller directly, a first-time buyer may be able to learn more about the property and what the seller wants in terms of an offer.
Can a Realtor lie about other offers?
As everyone else has said, yes they can lie about other offers but if you have an escalation clause that is being used, they need to present the other offer if requested.
Can a seller walk away from closing?
Yes, a buyer can back out of a sales contract before closing — but what are the consequences. If the buyer backs out, they may have to forfeit part or all of this money, depending on the terms of the original sales agreement, including contingencies in which the buyer can walk away.