If you are selling your Davis home, you should be concerned with your listing agent‘s practice on presenting offers. Fellow Realtor, Renee Porsia wrote this very informative piece on Listing Realtor practices and questioned whether your Realtor was showing you every offer that came across his or her desk. Ms. Porsia works in Pennsylvania, where perhaps the laws are different than here in California. She writes the piece and approaches the topic as a matter of good practice.
California Real Estate law is different, however. Here, Realtors have a fiduciary responsibility to their clients and this includes bringing them any and all offers a home. Despite this fact, I have personally seen Realtors sit a on offers for various reasons… namely they themselves are hoping for a better offer, or they are certain their client won’t accept the offer and don’t want to risk discouraging them by bringing less than stellar offers to the table.
As a matter of law and simple ethics, I always present all offers to my clients and let them make up their own mind. Being the bearer of bad news isn’t always easy, but sometimes, even a low offer is welcome of necessary, and followed through with.
To read more about how missing knowledge of offers can effect you as a buyer read Renee Porsi’s article directly. If you are selling a home in Davis, Winters, Woodland or Sacramento and you have any questions about seller’s rights and the fiduciary responsibility owed them under California law, please do not hesitate in contacting me at 530.601.1003 or via email at carmen@focusondavis.com.
Real estate is like any other business. There are industry related terms that are, for the most part, useless outside the bubble of that work field.