A listing (representing the seller) realtor relies on a selling (representing the buyer) realtor to bring their serious buyer client to view and make an offer on their listing. The selling realtor will have qualified their buyer client and likely have entered a buyer’s representation agreement with them. Listing realtors need to ask detailed questions of buyers and their realtors who bring offers. Asking for a substantial deposit (say 5% of the purchase price) also helps weed out those buyers that may pose problems down the road. Despite the due diligence, what happens if a buyer wants to get out of a transaction?
Here is a great article by Mark Weisleder, Toronto real estate lawyer. The best advice? Work with a listing realtor that is committed to finding the right buyer for your home.
The Blair Zilkey Team. Insightful Advice, Leading Edge Implementation.