Legal Question in Real Estate Law in Florida
Realtor Error
We are trying to purchase a short sale and we offered $212,000 closing cost payed. SInce it was a FHA loan the realtor wrote the price as $225,000 saying we will get 6% back and all we would pay is $212,000. and had to write it that way to balance off the closing cost with the 6%. Is this the correct way or did the realtor screw me out of &13,000 or maybe even buying my house. and if they did write the contract wrong what are my rights. I was in the understanding the realtor knew what they where doing.
1 Answer from Attorneys
Re: Realtor Error
While I have questions about the Realtor's actions based on what you have written, ultimately you have to sign the contract to make it an offer, and you are responsible for understanding the consequences of what you signed.
That being said, since it does not sound as if the offer has been accepted yet, call your Realtor and instruct him/her to withdraw your offer. Then make an offer with the terms that YOU want, not what the Realtor suggests.
If the contract has been accepted, then you are obligated under the terms of that contract. You might have a remedy against the Broker or Realtor, but good luck. It is your word against theirs, and it will cost you a bunch to sue the Realtor, probably in the nature of 5-10k. Good luck to you.
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