Wanna buy a house?
I realize that times are tough, but this is getting ridiculous. A few months ago, an Old Greenwich real estate office was spending its energy trying to avoid paying a commission on a simple rental listing. Today, a Ridgefield realtor moved up a notch to a full sale on 15 Linwood Avenue, a bank-owned property that, unlike any of its other Connecticut properties, was never listed on either Greenwich’s or Connecticut’s MLS. While it was listed on Craig’s list by a New Jersey -based agent with the delightful name of “Miami Joe”, I wonder whether the bank trying to recoup its losses on this house will feel that that was a proper way to market it?
In any event, the deal closed today (at $1.167 million for anyone keeping track of comparable sales out there) and the lawyers are holding onto the commission due while I sue. Hey, I’ve got time, and the money isn’t going anywhere, but this whole real estate business is getting interesting – we used to scratch and claw each other to get clients and listings, now the real fighting begins after the sale.
If I read this correctly, you just tagged CB as “Dirty Rotten Scoundrels.”
So I hope your “speak truth and live free” doctrine holds up in court.
I think the Ridgefield office may now be the regional office. They closed down their much much larger Danbury office.
Talk to Nancy McDonald there.
Tell me again, but just make it simple for simple little minds like mine.
Are you saying that after working with your clients on numerous properties, negotiating at least two offers on properties, that the commissions due to you are not forthcoming?
Did Coldwell receive any of the commissions, have they withheld your portion? Sound very strange. What is going on. Is that 2.5 % of $1.16mil, that you have to fight for?
When I sign a buyers agreement, does it say that I have to pay any commissions due should the buyers agent not be paid by the seller? Sounds scary. More scary than the Glen Beck show and most of the time I can’t look.
To be fair to the other side, Anon, we just have a serious disagreement as to what we did agree to: a 4% – 2% split (their position) or a 3%-3%. Because the property was never listed in Greenwich, the standard MLS contract which addresses this issue was not used, and we’re going on verbal representations and two different memories of what was said and what was agreed to. Not the end of the world, either way, and Miami Joe actually did a good job selling this place, once the property was exposed. Oh well.