Comments on: Buyer sues agent over house price

By: G. Money

G. Money — Fri, 08 Feb 2008 18:56:34 +0000

Any updates on how the trial is going? This poor woman overpaid, and her poor agent hid the appraisal. Both were motivated by greed, and both should feel the current housing price plunge crisis refreshing, because its purging them both of the ills of materialism that caused Californians to be in thier current state of panic.

my 2 cents!

By: sherry

sherry — Tue, 05 Feb 2008 02:48:12 +0000

If the Realtor wasn’t also the mortgage broker, who ordered the appraisal, who lived in the area, who was a 26-year veteran, and didn’t live in the house that Jack built……….

By: Blogs can bite back, Realtor discovers | money news blog

Blogs can bite back, Realtor discovers | money news blog — Thu, 31 Jan 2008 22:47:14 +0000

[...] you’ve a chance to read Tom’s comment, which you can find here, and let me know what you [...]

By: Blogs can bite back, Realtor discovers

Blogs can bite back, Realtor discovers — Thu, 31 Jan 2008 14:14:46 +0000

[...] you have a chance to read Tom’s comment, which you can find here, and let me know what you think. Tags: blogging, Coral Gables, Esslinger-Wooten-Maxwell, [...]

By: Cecile

Cecile — Wed, 30 Jan 2008 04:25:34 +0000

I just have to say to the Ummel: are they nuts? is she trying to get some money just because the economy is bad? does she has something better to do?, I hope she can learn that in a market, you will always find homes (probably exactly the same as your) same sq. ft, same number of bedrooms, even built by the same builder in the same block and… some were sold for less or more money, that is a fact, and a real estate agent can’t do anything about it, also she needs to remember: “The value of something is what someone’s willing to sell it for and what someone’s willing to pay for it”

I hope she can get a life and don’t trouble her poor husband!!!

By: Tom

Tom — Wed, 30 Jan 2008 03:13:32 +0000

What a bunch of morons. Half of you idiots can barely spell, which certainly takes your uninformed opinions down yet another notch or two.

Andrea made one incredible point – had those sales gone to record when these Ummel schmucks wrote and signed their contract? If not, how would the agent or the appraiser know?

Secondly, value IS in the eye of the beholder (as long as it can be supported by an appraisal, and this was.) Did Mrs. Ummel look at any other 1.2 million dollar homes? Obviously this one was up to snuff with the competition, because she bought it. And if she didn’t look at any others, then she is indeed a fool and deserves what she got.

Also, have any of you even thought about percentages? She’s bitching and acting like a ninny because of one that sold for $175,000 less. In terms of a 1.2 million dollar home, that is about 14.5%. To relate that to us normal folks, that’s like buying a $250,000 home and finding out that one up the street sold for $36k less. Are you going to sue everyone you can get your hands on when you find out? If she’s stupid enough to drop $75k on this lawsuit, then does it really suprise you that she bought this house?

Maybe this house had features that made it stand out. Maybe it was more well kept. Maybe those other sales were distressed (i.e. divorce, bankrupt, owner addicted to crack and needs money…who the heck knows?)

Point being the seller thought it was worth it, the BUYER thought it was worth it, the appraisal said it was worth it, and the lender agreed it was worth it, the agent thought it was worth it and likely thought he had provided a good service to these people.

If you get married, but then notice that there is a better looking, smarter single person, do you dump your spouse and then sue your best friend for not doing a better job of advising you? NO. You loved what you saw, you did whatever you could to make the relationship happen, and then you spend your life being happy with what you got NO MATTER WHAT ELSE might be out there.

Or you could act like the Ummels. And waste even more money with an ignorant lawsuit.

My two cents.

By: Is anyone accountable in real estate? | money news blog

Is anyone accountable in real estate? | money news blog — Sun, 27 Jan 2008 19:01:25 +0000

[...] week, I wrote this post, about a couple suing their real estate agent after allegedly overpaying for their house. The [...]

By: Is anyone accountable in real estate?

Is anyone accountable in real estate? — Sun, 27 Jan 2008 12:44:30 +0000

[...] week, I wrote this post, about a couple suing their real estate agent after allegedly overpaying for their house. The [...]

By: Benson

Benson — Sat, 26 Jan 2008 06:25:43 +0000

The agent do owes the buyer or seller (whoever he’s working for) the fiduciary responsibility. Comparative price analysis is definitely one of them.

By: Dan

Dan — Fri, 25 Jan 2008 15:57:34 +0000

Glad to see that this story is generating some comment. I just can’t get over the fact that the buyer’s agent didn’t think it was his job to make sure his client didn’t overpay.