Hi everyone,
Are Real Estate agents just blatant liars?
I've phoned at different times to organise a viewing or talk about properties. One I was interested, said it was a couple planning to sell as they got married and they weren't flipping houses etc… An article in the newspaper published 2 days later saying the house was being sold and renovated by a mother daughter team, who does this full time. How do you trust them when it is a blatant lie!
Anyone else experience this?
I was once an agent. I had to switch my career as I couldn't stand keep telling people WHITE LIES. It's true that you work for the vendor not for the buyer but there are agents do genuinely help buyers so these buyers become vendors/client. It's tough to keep both parties when you deal with private sales vs where auctions generally driven by the price of the current market (ready buyers paying premiums). If you find a property you like, you have to make the call by making decision on the property, not the agent's opinion. If you are a vendor trying to sell and you'd be happy if your agent get you the result.
caveat emptor
always do your research and take everything with a grain of salt.
Yes
On a similar note, it blows my mind that in the real estate "profession" you can, with such little understanding of contract/property law, sell a house.
It's usually a very significant milestone in someone's life to buy a house and it seems too loosely governed considering the complexity.
Are Real Estate agents just blatant liars?
Right up there with used car salesmen…
"Was only driven by my mother, on sundays, to go to church…" and has "👍 Your Daughter likes this" sticker on the back window…
It's not so much that they are blatant liars (though they do), it's that they will tell you whatever you want to hear to get a quick sale.
Anyone who's livelihood is based on commission pretty much.
YES.
I am a licenced Real Estate Agent. I never took up the occupation as it has the same stigma as a Car Salesman and rightly so.
There is some natural justice in the world that even Real Estate Agents have to buy their Cars from Car Salespeople.
I'm dealing with a bunch of them now (as a buyer) and yes, they are somewhere down near the levels of 'scum of the earth'. I don't trust anything they say, and they always caveat their own comments with 'the buyer should make their own inquiries'.
If these people were held accountable for their misguidance and false claims then there would be no profession - hello s52 of the Trade Practices Act!!
I hope someday there's a giant class action against them all, especially here in Sydney, and they all just get hung out to dry.
If I didn't work in a profession that provides me with the knowledge to see through some of their flat out false information then I'd probably have bought something that would've cost me a lot more shortly after. With no recourse of course.
Conversely, RE agents I've dealt with in rural areas have been very transparent about what they know and what they don't know. It seems that BS doesn't bode well when everyone knows who you are..
Surely if you were interested you would have got a better deal making an offer to just married couple "Story A"
The Mother/Daughter team (subsequent story "B") are obviously going to think that the Property owes them something for their efforts.
Do you want to go "best of three" and E-mail the Agent and see if you can get a different/better story.
A real estate agent is a salesman. All salemen lie.
If you ever want to research an intended purchase don't ask the salesman.
REA's have a bad reputation and from my experience with them it is justly deserved.
had a friend before so i aware of their tricks especially for the ones selling off the plan directly from developoer.
when say Meriton tell him to sell XX apartment, then suddenly he will only talk about XX to everyone, sometimes showing one bad unit and then showing XX so buyer will think XX is good.
they hide ZZ YY till XX clears out. otherwise Meriton will stop allowing them to sell their products.
Rule #1 is not to buy off the plan. The results aren't always in line with the outcomes. I feel sorry for those with dodgy apartments, structurally unsound apartments.
How do you know when a real estate agent is lying?
You can see their lips moving.
Same as politicians.
They answer a question without giving you the answer.
Are Real Estate agents just blatant liars?
Yes /thread
A real estate agent once told me that size doesn't matter.
She was just trying to comfort you.
Of course they're telling you porkies.
The real question though is how does that change your view of a particular property in the scenario you've provided?
As with every purchase in life (especially major ones) … do your own research and form your own opinion!
I went to inspect the houseit was overpriced by $200000, no way would I part with the money, he asked me to put in an offer and I did, $300000 below the asking price. He then told me he wouldn't present this offer to the owner. Despite lawfully having to.
I do my own research, it's the lack of professionalism I dislike. It leaves a bad taste that I have to be honest in my profession, and they can lie ans cheat to earn lots more.
I hear the frustration, but welcome to the world of property buying (just quietly, the sell side ain't much better).
You just have to take what they tell you with the proverbial, especially when it comes to the "backstory" to the property. Fundamentally though, recognise that real estate agents do as little above zero as they can to assist buyers (and not much more to assist sellers).
The only advice you can even hope to rely on is that which is received as a result of your own efforts which will often come at your expense.
While I don't disagree with the frustration, it is curious that many people want to spend many times their net worth on a property, but often don't want to spend anything on independent advice that might help them to make a more informed decision.
99% are. They're only in it for themselves.
I saw a townhouse listed with three rooms but only two on the floor plans and a loft…
I look forward to the day most of them are out of jobs but sadly it won't come.
I see so many listings here in Sydney for '3 bedroom' dwellings, that when you do 5 minutes of research you quickly realise that its a 2 bedroom dwelling and the previous owner has just knocked up a plasterboard wall and door to create a 3rd bedroom. Never approved as such by the relevant authorities (council / certifier / strata management). The RE agent, who WILL know how to find this information will still list and price it as a 3BR place until someone calls them out. This practice is actually illegal. I hope there's some crack down on it as its adding to the inflation of prices, and un-wary buyers are being sold properties that could land them with fines and/or rectification costs, with no recourse.
Most but not all real estate agents lie - even to the seller.
Always make your own judgement and double check any imformation the agent provides.
Are Real Estate agents just blatant liars?
of course they are…. every sane human knows this. and don't ever think they are your friend (if you are buyer). no they are seller agent they do everything to make seller happy because they get commision from them.
and oh, they bow to the developer requests too