There
are also family crises that can motivate a seller to make a
quick deal. However, when you see a real estate ad that mentions "divorce," "motivated
seller," "relocation," or something to that
affect, beware. Although the facts may be true, that does not
necessarily
mean the seller is motivated to make a quick and costly sale.
Most likely, the ad is more designed to generate phone calls
and leads rather than sell the home.
However, there are times when a seller is truly
distressed, willing to make a quick sale and sacrifice thousands
of dollars.
With the seller’s permission, the listing agent will post
this information along with the listing in the Multiple Listing
Service. They may also inform other agents during office and
association marketing sessions or by flyers sent to other real
estate offices. Provided this information has been made generally
available to Realtors, your agent should know when a seller is
truly motivated and when it is just "puff" designed
to elicit interest in a property.
The exception is when an agent is selling a home
they have listed themselves or selling a home that was listed
by another agent
from their own company. In such a situation, the agent may
be acting as an agent for the seller, or as a "dual agent," representing
both you and the seller. In such a situation, they cannot legally
provide you with information that would give you an advantage
over the seller.