Seller agent is the Borrower

[Artemis Fowl]

Report the facts. Report the response to your question about agreed upon price. It is entirely credible to speculate from those facts that there is reasonable cause to opine the agreed upon price is not market value indicative.

 

[TerryRohrer]

You have no fiduciary to a buyer unless he's employed you to represent him. Then as a broker you would be dual agency.

But to just sell a property as a licensed broker I'm just like any For Sale By Owner and just because I'm licensed doesn't mean I'm giving the buyer any preferential deal or saving.

The only thing I'm saving is maybe a commission but Every For Sale by Owner saves the commission.

What is a "listing agent"? But, clearly, you haven't bothered to read the OP yet.

 

[J Grant]

The seller agent is the borrower, not the seller.

Ok, then imo it would be an arms-length transaction
If the subject SC price is significantly below MV, then the terms impacted the price, even if it is an arms-length transaction -you don't have to go crazy with the explanation, a simple sentence or two of comment, then move on and appreciate it.

 

[paperasir]

Report the facts. Report the response to your question about agreed upon price. It is entirely credible to speculate from those facts that there is reasonable cause to opine the agreed upon price is not market value indicative.

Agree. Just report the facts.

 

[glenn walker]

The seller is selling it to themselves? (if the borrower is the seller _?)

Makes no sense, try to talk to the borrower directly - sometimes people have the same last name - but clearly if people sell to themselves or a family member it is not typical motivation and not an arms length transaction and the low sale price reflects that -

Appraise it for market value, and comment the terms/relationship is why the SP price is below the market value opinion.( I;ve done a few like that)whose

WHOSE ON TITLE ? is one family member buying out another ? If so it's not arm length. You need clarification but the value is based on your comparables not the type if sale. The finale value may even be higher if the buyer's getting a deal. Contact Lender ask if it's arms length or get it explained ...in my area last names don't mean a lot millions of Lopez or Garcia and Same Chinese like Wang.

 

[paperasir]

These are not related persons. Again, it can be an non-arm's length transaction for other reasons that the two parties being related.

 

[TerryRohrer]

These are not related persons. Again, it can be an non-arm's length transaction for other reasons that the two parties being related.

And in your case, it is non-arm's length.

 

[Artemis Fowl]

I didn't say only just the facts. It is ok to speculate based on those facts. It's what we are supposed to do with facts. It's ok to state your opinion that this may not be market value indicative. Good discussion for the contract analysis section.

EDIT: Arm's-length schmarm's-length...don't even need that word to describe what you think is happening here.

 

[Fernando]

A broker here I remembered long time ago promised if can't sell listing, he/she will buy it as a marketing ploy. Not sure what price to be determined and if at market.

 

[paperasir]

I did not want to convolute my question, but there is another wrinkle. The Buyer is renting the property back to the Seller (2 year lease) with the Seller paying the first years rent at closing.