Broker’s unsolicited offer can cost sellers money

Accepting an unsolicited offer can lead to regrets. (Flickr photo by Muhammad Taslim Rasin)

Some brokers faced with tight inventory have been reaching out to owners of properties that are not listed for sale in an effort to meet their buyers’ needs.

I admire their enterprise, but consider the implications for a seller who decides to entertain an unsolicited purchase offer.

First, they have to conclude whether they need professional assistance to evaluate the offer and the buyer.  If they depend on the buyer’s representative, however, they have to confront the issue of divided loyalty in likely a dual agency arrangement.

Should such sellers decide to Continue reading