Home › Forums › Closed Forums › Buying and Selling RE › Is it ethical?
- This topic has 15 replies, 4 voices, and was last updated 14 years, 8 months ago by Effective Demand.
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March 8, 2010 at 9:44 PM #17165March 8, 2010 at 10:41 PM #522955ybitzParticipant
does seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.
March 8, 2010 at 10:41 PM #523096ybitzParticipantdoes seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.
March 8, 2010 at 10:41 PM #523534ybitzParticipantdoes seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.
March 8, 2010 at 10:41 PM #523630ybitzParticipantdoes seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.
March 8, 2010 at 10:41 PM #523887ybitzParticipantdoes seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.
March 9, 2010 at 12:46 AM #523014CA renterParticipant[quote=ybitz]does seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.[/quote]
Totally agree with this. I don’t like the current model where the buyer and seller don’t interact. Personally, I like to deal with the buyers/sellers directly, even if we have agents involved.
The situation above is 100% unethical, IMHO. I would NEVER do business with this person and would discourage anyone else from doing so as well.
March 9, 2010 at 12:46 AM #523155CA renterParticipant[quote=ybitz]does seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.[/quote]
Totally agree with this. I don’t like the current model where the buyer and seller don’t interact. Personally, I like to deal with the buyers/sellers directly, even if we have agents involved.
The situation above is 100% unethical, IMHO. I would NEVER do business with this person and would discourage anyone else from doing so as well.
March 9, 2010 at 12:46 AM #523594CA renterParticipant[quote=ybitz]does seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.[/quote]
Totally agree with this. I don’t like the current model where the buyer and seller don’t interact. Personally, I like to deal with the buyers/sellers directly, even if we have agents involved.
The situation above is 100% unethical, IMHO. I would NEVER do business with this person and would discourage anyone else from doing so as well.
March 9, 2010 at 12:46 AM #523688CA renterParticipant[quote=ybitz]does seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.[/quote]
Totally agree with this. I don’t like the current model where the buyer and seller don’t interact. Personally, I like to deal with the buyers/sellers directly, even if we have agents involved.
The situation above is 100% unethical, IMHO. I would NEVER do business with this person and would discourage anyone else from doing so as well.
March 9, 2010 at 12:46 AM #523947CA renterParticipant[quote=ybitz]does seem rather unethical to me.
The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.[/quote]
Totally agree with this. I don’t like the current model where the buyer and seller don’t interact. Personally, I like to deal with the buyers/sellers directly, even if we have agents involved.
The situation above is 100% unethical, IMHO. I would NEVER do business with this person and would discourage anyone else from doing so as well.
March 9, 2010 at 1:09 AM #523019Effective DemandParticipantIt is called “secret profit” and it is extremely unethical. On the other hand, if the agent discloses everything to all parties in the transaction (I negotiated for X+Y and my contract with the principal says I can keep Y, for example), it isn’t unethical.
March 9, 2010 at 1:09 AM #523161Effective DemandParticipantIt is called “secret profit” and it is extremely unethical. On the other hand, if the agent discloses everything to all parties in the transaction (I negotiated for X+Y and my contract with the principal says I can keep Y, for example), it isn’t unethical.
March 9, 2010 at 1:09 AM #523599Effective DemandParticipantIt is called “secret profit” and it is extremely unethical. On the other hand, if the agent discloses everything to all parties in the transaction (I negotiated for X+Y and my contract with the principal says I can keep Y, for example), it isn’t unethical.
March 9, 2010 at 1:09 AM #523694Effective DemandParticipantIt is called “secret profit” and it is extremely unethical. On the other hand, if the agent discloses everything to all parties in the transaction (I negotiated for X+Y and my contract with the principal says I can keep Y, for example), it isn’t unethical.
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