Q: Can we provide a list of unsuccessful buyers on our house sale to our neighbor who will be marketing/FSBO their house?
We recently listed our house and got 6 offers on it and selected one purchase agreement; we are currently under contact to go to closing on July 23. Our next-door-neighbor is preparing to put her house on the market as a FSBO. She asked if it was possible for us to share the unsuccessful buyers names and their realtors names with her to contact them since they might be interested in her house. Can we ask our Listing Realtor for that information to give to our neighbors?
A: Of course, you may ask your listing agent for the information on the other bidders. Do not be surprised if the realtor does not wish to share them and, instead, tries to get the names of the neighbors who wish to sell. The penultimate reason that realtors put up signs on the properties they list, after the need to help interested parties to park at the right address, is to sell their services to neighbors. Expect the realtor to ask you, instead, if he or she can help your neighbor and earn a second commission, thereby rebranding herself as a "neighborhood specialist," whatever that means. If you collected the contact information yourself, unless there is a provision in your listing contract to the contrary, you can call them and ask them if they are interested in you sharing their contact information. If they are interested, and if neither side has a realtor, the other sellers can save a fortune in commissions by using a lawyer to contract and close the deal, since they don't need marketing services.
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