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Question
We put on offer to buy a home along with earnest money check. Our extended family member also interested to buy a home went to the same builder. The builder disclosed our offer price to him. Isn't this privacy policy breach. What are my legal
rights ? Please advise.
Karima;
I assume that the family member was buying another home that was the same size and asking price which would explain why the Seller would tell them what you had paid. The reason the seller would do this is because he wanted them to understand that he was not accepting less than that price. Perhaps the family member was implying that you had done better in what you offered. Now for an answer to your question: Unless you stated that you did not want your offer disclosed there is no legal restriction for the seller. However, it is a little unethical to do so without checking with the Buyer first. The Seller should at a minimum disclose to the Buyers that they are doing this.
Jessica Bryan
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Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.
Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.
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