Hi, I have a question because I believe our dear neighbor has been done very wrong by a local agency and I’d like to know for future reference if this is legal. She’s a pension-age lady who had shared her home with her sister for a time and then decided to sell after the sister had moved on.
This is what happened.-
She rang a realty who came out to have a look at her home. Later that same night, they rang to ask if they could being someone by the next day. They did and she said she sold it to them. I only found out about this afterwards. The next part is what’s troubling.
The day after, the realty came and put up a “for sale” sign. The next day they came back and put a “sold” sticker on it. I thought this was very odd? Essentially, this property was never put on the market at all.
I went over to ask her what had happened and what she sold it for, thinking they must have offered a very good price. No, she was convinced that a price which she could have gotten in 2019 was a good price! This area is on fire right now and very sought after– regardless the condition. For instance, one just around the corner, which needs torn down, just sold for what she was offered for a nice home (and in a better location, across from a park). I feel this realty has either sold this to friends or something similar. This woman could have EASILY gotten at least $100k more than she took! Because this property was never put on the market, she lost that money. Does this sound right to you?
*Please move to proper forum if this is incorrect.