How thousands of buyers get bitten.
We were negotiating to purchase a property; the asking price was $1,330,000.
We signed a contract with an offer of $1,000,000. The vendor was in another state.
The agent sent us a text message at midnight saying she had the contract back and it was counter-signed at $1,250,000.
The next day, we said we were looking at another place but were still very interested in negotiating on the property.
A few hours later, the property we were negotiating to purchase had been sold to another buyer for $1,250,000.
We were shocked as we really wanted to buy the property. We would have continued negotiating to purchase it.
Has the agent done anything illegal or is she simply unethical?
This is the third property we have missed out on under similar circumstances.
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