Charlottesville’s Real Estate Blog since 2005.

Clear, Honest Market Analysis. For People, Not Realtors.

Buyers

“Suing for lack of competence”

“We are trailblazers…”

Trailblazers for what?

Advice for buyers:

Ask questions. Lots of questions. Look at the Comparative Market Analysis (CMA). Look at the competing inventory. Vet your Realtor. Make sure that you have a competent Buyer’s Agent. Ask for references, if you’d like. Don’t enter into a Exclusive Buyer’s Agreement lightly. For too long, buying a house was an almost trivial matter for some, as was choosing a Realtor.

If this is accurate, it bodes ill for the Realtor, in my opinion:

Mr. Little also worked as a mortgage broker. The Ummels say he encouraged them to get their loan through him. Mr. Little ordered an appraisal of the house but did not respond to the couple’s requests to see it, the suit charges.

How I wish this were a case of Dual Agency; that would be too easy.

Hat tip: Realonomics (archived: 2021)

Interested in Learning More?

Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.

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Interested in Learning More?

Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.