Dishonest property agents?!?

[degrom]

What do one do with them?

[degrom]

We have been lied to and she is also stalling all the time.

[White trash]

Isn't there like a complaints authority for them or something? You buyin' or sellin? Not that it makes much difference I guess, bullshit still smells like Poo.

[cowpoos]

bullshit still smells like Poo.

Fuck off...I don't smell...had a shower last week :yes:

[degrom]

Isn't there like a complaints authority for them or something? You buyin' or sellin? Not that it makes much difference I guess, bullshit still smells like Poo.

We are trying to buy..

We signed the offer papers on Thursday. The agent said she will deliver it that night or early Friday. She on Thursday that she will only be able to give it to the owner on Friday at 4:30. (Because the owner is working) Fine

Then she called on Saturday and said the owner want to except but will have to get her solicitor to have a look at it before she can sign it AND the owner canceled the open home that was on today. (She said the owner is a bit emotional about the place)(BULLSHIT!!!!)

So what did you think happened at 12:00 today when I drove past the place?

[Steam]

Let me guess, today at 12 there was an open home?

Yep, that's exactly the kind of thing that this new complaints board will be set up to look at. Happily you haven't wasted any money yet.

First thing for you to do is call the company, and talk to the branch manager, tell him what she told you and did.
If that doesn't sort it out, it's off to the toothless real estate agents compaints people. I don't know the details but the company could tell you!

Good luck!

[Skyryder]

We are trying to buy..

We signed the offer papers on Thursday. The agent said she will deliver it that night or early Friday. She on Thursday that she will only be able to give it to the owner on Friday at 4:30. (Because the owner is working) Fine

Then she called on Saturday and said the owner want to except but will have to get her solicitor to have a look at it before she can sign it AND the owner canceled the open home that was on today. (She said the owner is a bit emotional about the place)(BULLSHIT!!!!)

So what did you think happened at 12:00 today when I drove past the place?

They want more offers and play off one against the other. Problem is the owner has not accepted your offer.............and agent can keep the home on the market until the owner accepts an offer. You have two choices. You can walk away and withdraw the offer or you can still play the game. Me? I'd withdraw the offer and see what happens. If the agent comes back you know that your offer is the best one and you are in the driving seat. If you stay in the game how do you know that what your agent is telling you is the truth. You have been lied to once what is to stop that happening again?

Walk and take a punt. There's heaps of housing and 'honest agents.'

Skyryder

[Toaster]

Document it all.... go visit the open home mate - that would have really got the shits up her.

Sounds like the run-around to me.

[degrom]

Let me guess, today at 12 there was an open home?

Yep, that's exactly the kind of thing that this new complaints board will be set up to look at. Happily you haven't wasted any money yet.

First thing for you to do is call the company, and talk to the branch manager, tell him what she told you and did.
If that doesn't sort it out, it's off to the toothless real estate agents compaints people. I don't know the details but the company could tell you!

Good luck!

Yes,her gray Holden was standing out side with the property places flag!!!

[Storm]

Tell her straight that you've caught her shitting you and see what happens

[Big Chim]

Tell her straight that you've caught her shitting you and see what happens

Yeah i agree with this

Also start dealing with another agent if this all falls through.

Good Luck

[Patrick]

As Storm sed...

A house we sold unconditionally on the same day it was listed, the agents still held two open homes the following weekends, even though it was sold... WTF??:weird:

The new owner was there on both days for the entire open homes, probably putting people off...:yes: :psst:

We were young then... now would have told em where to go...

Confront her about her stories and see whats up... discuss with her bosses too!!!

[White trash]

As Storm sed...

A house we sold unconditionally on the same day it was listed, the agents still held two open homes the following weekends, even though it was sold... WTF??:weird:

The new owner was there on both days for the entire open homes, probably putting people off...:yes: :psst:

We were young then... now would have told em where to go...

Confront her about her stories and see whats up... discuss with her bosses too!!!
That's a very simple marketing ploy to try and get more contacts.

[Mrs Busa Pete]

They want more offers and play off one against the other. Problem is the owner has not accepted your offer.............and agent can keep the home on the market until the owner accepts an offer. You have two choices. You can walk away and withdraw the offer or you can still play the game. Me? I'd withdraw the offer and see what happens. If the agent comes back you know that your offer is the best one and you are in the driving seat. If you stay in the game how do you know that what your agent is telling you is the truth. You have been lied to once what is to stop that happening again?

Walk and take a punt. There's heaps of housing and 'honest agents.'

Skyryder

We have a lot of older vendors that have their lawyers check offers before they except them not unheard of so probably all above board. If they get another offer they have to let you know and you have to sign a form stating that you are aware that it is a multi offer and be given the opportunity to increase your offer should you want to. As far as having a open home when she told she wasn't cant answer that one you will have ask her

[McJim]

Take a video camera and have a dictaphone in your pocket. Confront her at the open home and then make a big show of switching off the camera for an 'Off the record' conversation meanwhile recording her answers on yer dictaphone.

Then have a word with REINZ and anyone else - Fair Go, NZPA anyone who'll listen.

Why not just visit the home owner and ask them if they like your offer?

[ynot slow]

they're playing maybe 2 buyers against each other,call the bluff by saying not interested when real estate agent comes back on monday,then wait and see if sold,if not go back and give them offer say $5000 below original,or if able use another agent if not sole agency,that pissses em off,if you buy from another firm.agree real estate tribunal is toothless,we bought our home and had alarm system,we said must be disconnected/unmonitored,when shifting in ,the alarm was played with by the neighbours little shit kid,after 3 false attempts at key pad it shut down,rang estate agent for code and were given xyz i think as she was out for dinner ,middle of night it went off,stuck a couple ot t towels over sensors.saturday morning rang local agency in new plymouth they fixed it and said the number we were given was 4 digits out i.e last no was 4 not 8,after getting bill for $108.00 i gave it too real estate co to pay,guess what not our fault/problem,went to governing body same reply,moral of story when i sell i'll keep remote for shed,my thoughts are i didn't get correct number for alarm rendering house to be alarmed and unable to live in,so for same to get into garage they need remote if they loose the side door key.can still use garage door by disconnecting trailing arm and using by hand.think it will work no.

[Patrick]

That's a very simple marketing ploy to try and get more contacts.

Yeah, know that now... but then...

[Mrs Busa Pete]

Take a video camera and have a dictaphone in your pocket. Confront her at the open home and then make a big show of switching off the camera for an 'Off the record' conversation meanwhile recording her answers on yer dictaphone.

Then have a word with REINZ and anyone else - Fair Go, NZPA anyone who'll listen.

Why not just visit the home owner and ask them if they like your offer?

Sorry guys you have nothing to go to REINZ with she has done nothing wrong unless you count try to pick up some more buyers Get a grip.

[Mrs Busa Pete]

What do one do with them?

Just out of curiosity what has she done that is dishonest. You havn't even asked her why she had a open home maybe you should of gone in before you jump to conclusions.

[degrom]

Just out of curiosity what has she done that is dishonest. You havn't even asked her why she had a open home maybe you should of gone in before you jump to conclusions.

Told me the Owner canceled the open home and then still did it...

[degrom]

That's a very simple marketing ploy to try and get more contacts.

Yes... But then just tell me and I will Fuck off!!!

But I am actually not worried about this deal. Our final offer is in and they won't get a cent more from us...

[jonbuoy]

Has anyone ever met an honest one??

[Mrs Busa Pete]

Told me the Owner canceled the open home and then still did it...

We get vendors all the time canceling open homes but then they ring up and say well seeing as how it was advertised maybe we should still have it. And that does not make her dishonest and as i have said we get a lot of vendors wanting to get there lawyers to check contracts especially if they are older and lets all be honest here if it was your mum and you warn't there to do this would you want her to do the same.

[Mrs Busa Pete]

Has anyone ever met an honest one??

Has anyone ever meet a honest biker. Because there are good and bad in every walk of life.

[RantyDave]

So what did you think happened at 12:00 today when I drove past the place?
This is easy. Go see the vendors - after all, you know where they live. Explain the situation and tell them your offer has been withdrawn but you'll be happy to put the offer in again when they're using a different agent.

You come out smelling of roses. The agent gets shat all over by their vendors and ends up not making a fucking penny. And, at the end of the day, the deal ... which you both want to actually go ahead ... still goes ahead.

Oh, and this is not a day to play call my bluff. Actually withdraw the offer.

Dave

[Mrs Busa Pete]

This is easy. Go see the vendors - after all, you know where they live. Explain the situation and tell them your offer has been withdrawn but you'll be happy to put the offer in again when they're using a different agent.

You come out smelling of roses. The agent gets shat all over by their vendors and ends up not making a fucking penny. And, at the end of the day, the deal ... which you both want to actually go ahead ... still goes ahead.

Oh, and this is not a day to play call my bluff. Actually withdraw the offer.

Dave

Sorry you are completely wrong the agent would still get payed she introduce him to the property. So you should make sure of your facts before giving out such bull shit advice.

[yod]

This is easy. Go see the vendors - after all, you know where they live. Explain the situation and tell them your offer has been withdrawn but you'll be happy to put the offer in again when they're using a different agent.

You come out smelling of roses. The agent gets shat all over by their vendors and ends up not making a fucking penny. And, at the end of the day, the deal ... which you both want to actually go ahead ... still goes ahead.

Oh, and this is not a day to play call my bluff. Actually withdraw the offer.

Dave


Sorry you are completely wrong the agent would still get payed she introduce him to the property. So you should make sure of your facts before giving out such bull shit advice.

Dave - thats exactly what i would do

Pete - no mate, you're wrong - if the property is relisted with another agent there is nothing the original agent can do since their contract would then be void

[soundbeltfarm]

we are in the process of buying a place to rent out and the 3 agents i have dealt with are all very good.
one in paticular is real good.
he is very helpful but my question is :
he is telling us about houses that are'nt listed with him but still with the company he is with. if we buy a house can we do it through him or do we have to use the agents that have their mug on the for sale signs.

[Mrs Busa Pete]

Dave - thats exactly what i would do

Pete - no mate, you're wrong - if the property is relisted with another agent there is nothing the original agent can do since their contract would then be void

This is Wendy And you are wrong we can claim our fees for up to six months after vendor has given listing to another agency.THAT AGENT INTRODUCE HIM TO THE PROPERTY. Would you like me to start queting reinz rule book or do you think i'm just another dishonest agent. Shit i have nothing to gain.

[Mrs Busa Pete]

we are in the process of buying a place to rent out and the 3 agents i have dealt with are all very good.
one in paticular is real good.
he is very helpful but my question is :
he is telling us about houses that are'nt listed with him but still with the company he is with. if we buy a house can we do it through him or do we have to use the agents that have their mug on the for sale signs.

No you can buy the house through him. When any agent gets a listing that listing belongs to the office and any agent that works for that office can sell it.

[degrom]

Has anyone ever meet a honest biker. Because there are good and bad in every walk of life.

I am sure the number of dishonest agents will aways out number the number of dishonest bikes.(Why would a biker be dishonest,they don't get paid for it... Or do they pay the people at the bike shop?!? :dodge:)

[Jantar]

This is Wendy And you are wrong we can claim our fees for up to six months after vendor has given listing to another agency.THAT AGENT INTRODUCE HIM TO THE PROPERTY. Would you like me to start queting reinz rule book or do you think i'm just another dishonest agent. Shit i have nothing to gain.

This is one of the very things that make agents appear dishonest. The contracts are all worded in the agents favour, not the vendor's or the buyer's.

[yod]

This is Wendy And you are wrong we can claim our fees for up to six months after vendor has given listing to another agency.THAT AGENT INTRODUCE HIM TO THE PROPERTY. Would you like me to start queting reinz rule book or do you think i'm just another dishonest agent. Shit i have nothing to gain.

you can't if the vendor adds a clause to their agency contract

[Mrs Busa Pete]

I am sure the number of dishonest agents will aways out number the number of dishonest bikes.(Why would a biker be dishonest,they don't get paid for it... Or do they pay the people at the bike shop?!? :dodge:)

Well that is your opinion. But you have got a heading as dishonset agent but she has not done anything that is dishonest you don't even know the facts you could at lest get the facts first.

[yod]

This is one of the very things that make agents appear dishonest. The contracts are all worded in the agents favour, not the vendor's or the buyer's.

thats why all vendors should DEMAND exactly what they want included, and what they want removed from their contract with the agent - nothing's written in stone

[zooter]

what's the story with a verbal contract for a real estate sale?

[Mrs Busa Pete]

you can't if the vendor adds a clause to their agency contract

I'm not going to say what i would like to but.
YES WE CAN WE INTRODUCE HIM TO THE PROPERTY do you not get that bit.

[Mrs Busa Pete]

This is one of the very things that make agents appear dishonest. The contracts are all worded in the agents favour, not the vendor's or the buyer's.

Why we where doing our job and bought a buyer to the property we introduce him to your home and there is nothing dishonest about that.

[Mrs Busa Pete]

what's the story with a verbal contract for a real estate sale?

Can you give me an instant.

[degrom]

Sorry guys you have nothing to go to REINZ with she has done nothing wrong unless you count try to pick up some more buyers Get a grip.

Okay,so its her job to get as mush money as she can for her vendor...

I feel mislead and I personally I don't like doing business this way but...

...I will call the lady tomorrow and hear her side of the story.

What is stopping her from telling us when the offer is accepted?
(wasting more time and preventing us from getting a LIM report or what ever...)

[Drum]

Okay,so its her job to get as mush money as she can for her vendor........

Almost right.

It's her job to get as much money as she can for herSELF.

As far as some estate agent infractions go, this is a minor one. Let it go if you really want the place.

[Mrs Busa Pete]

Okay,so its her job to get as mush money as she can for her vendor...

I feel mislead and I personally I don't like doing business this way but...

Well tell me why you feel mislead she has told you that the vendor want's there lawyer to look at the contract and as i said if she came up with another contract she will have to tell you and give you the chance to change your offer if you want.


...I will call the lady tomorrow and hear her side of the story.

Good idea

What is stopping her from telling us when the offer is accepted?

She will tell you because if she dosn't then the contract is not complete and you can pull out. That is part of making a contract finale is ring the purchaser and telling them congratulation you have just bought yourself a house.

(wasting more time and preventing us from getting a LIM report or what ever...)

If you don't think you have enought time to get your lim then you ask for an extention of time to get it. She can do that.

[Mrs Busa Pete]

Almost right.

As far as some estate agent infractions go, this is a minor one. Let it go if you really want the place.


There is no infraction there for it to be minor.

[jonbuoy]

Can't say that I would ever trust an agent - just as I wouldn't trust any salesman thats on commision. No one gets into sales because they like helping people.

[Mrs Busa Pete]

Can't say that I would ever trust an agent - just as I wouldn't trust any salesman thats on commision. No one gets into sales because they like helping people.

Well i do and i love my job most of the time

[zooter]

Can you give me an instant.

Instance. What he seems to have had : "I'll buy you house for X zillion dollars" "OK I accept your offer but I need to have my lawyer check the legality of your contract" At what stage does a contract exist? Anything else and you'd have a "verbal contract", but I'm no lawyer, just asking.

[degrom]

Can't say that I would ever trust an agent - just as I wouldn't trust any salesman thats on commision. No one gets into sales because they like helping people.

You forgot about politicians because we need them to waste our tax money and kiwisavers... LOL

Luckily we have a clever bunch at the bee hive that all own investment properties and will never agree with the capital gain taxes because they will also loose out... LOL

[Mrs Busa Pete]

Instance. What he seems to have had : "I'll buy you house for X zillion dollars" "OK I accept your offer but I need to have my lawyer check the legality of your contract" At what stage does a contract exist? Anything else and you'd have a "verbal contract", but I'm no lawyer, just asking.

Technicaly yes but if someone else came along and put an offer on paper you will loss out you could take it to court but would cost a shit load of money and still probely come out of it with nothing. The thing is what is he going to give to the lawyer to read and check the the legality of. If you are going to buy a property you need to put it on paper with all the condition of the purchase And just so you know you can buy a contract from whitcols.

[degrom]

Instance. What he seems to have had : "I'll buy you house for X zillion dollars" "OK I accept your offer but I need to have my lawyer check the legality of your contract" At what stage does a contract exist? Anything else and you'd have a "verbal contract", but I'm no lawyer, just asking.

That is inexactly what I want to know!!! Can the agent stall that?

[Karma]

I'm not going to say what i would like to but.
YES WE CAN WE INTRODUCE HIM TO THE PROPERTY do you not get that bit.

Ok... I think you need to put the coffee down now.

[zooter]

And just so you know you can buy a contract from whitcols.

Cheers for that. So what he should do is march around to the owner with a Whitcoulls contract and fill it in with them on the spot and the agent gets his commission as "introducer" everybody happy?

[Drum]

As an aside to this 'argument'. Here are the results of the 2007 Readers Digest survey of professions, listed from most trusted (Firefighters) to least trusted (Politicians). And coming in at 35 out of 40 is.........

1. Firefighters
2. Ambulance officers
3. Pilots
4. Nurses
5. Veterinarians
6. Doctors
7. Pharmacists
8. Marriage celebrants
9. Teachers
10. Dentists
11. Armed forces personnel
11. Farmers
13. Judges
14. Childcare providers
15. Police officers
16. Postal workers
17. Hairdressers
18. Chefs
19. Bus/train drivers
20. Counsellors
21. Personal trainers
22. Accountants
23. Customer service/IT help desk staff
24. Mechanics
25. Tradesmen
26. Religious ministers
27. Financial planners
28. Lawyers
29. Bartenders
30. Sales assistants
31. Business executives
32. Domestic cleaners
33. Taxi drivers
34. Journalists
35. Real estate agents
36. Psychics and astrologers
37. Sex workers
38. Car salesmen
39. Telemarketers
40. Politicians

[Karma]

WOO 23!! Get on!

[marty]

This is Wendy And you are wrong we can claim our fees for up to six months after vendor has given listing to another agency.THAT AGENT INTRODUCE HIM TO THE PROPERTY. Would you like me to start queting reinz rule book or do you think i'm just another dishonest agent. Shit i have nothing to gain.


the reinz rule book. now there's a scary piece of literature. funny those 2 'words' are mentioned in the same breath.

if only vendors/buyers could dick agents around as much as agents can fuck with vendors/buyers. i abhore the thought of paying $20000 to someone who fucks me around and tells me lies - and i'm tied into it because i had to sign an exclusive agency contract. shame i didn't write my OWN reinz book

i'll never use a real estate agent again, and in the unlikely event that i do, i'll only be signing up for 2 week periods at a time

[Mrs Busa Pete]

As an aside to this 'argument'. Here are the results of the 2007 Readers Digest survey of professions, listed from most trusted (Firefighters) to least trusted (Politicians). And coming in at 35 out of 40 is.........

1. Firefighters
2. Ambulance officers
3. Pilots
4. Nurses
5. Veterinarians
6. Doctors
7. Pharmacists
8. Marriage celebrants
9. Teachers
10. Dentists
11. Armed forces personnel
11. Farmers
13. Judges
14. Childcare providers
15. Police officers
16. Postal workers
17. Hairdressers
18. Chefs
19. Bus/train drivers
20. Counsellors
21. Personal trainers
22. Accountants
23. Customer service/IT help desk staff
24. Mechanics
25. Tradesmen
26. Religious ministers
27. Financial planners
28. Lawyers
29. Bartenders
30. Sales assistants
31. Business executives
32. Domestic cleaners
33. Taxi drivers
34. Journalists
35. Real estate agents
36. Psychics and astrologers
37. Sex workers
38. Car salesmen
39. Telemarketers
40. Politicians


Well at lest we arn't last.

[Mrs Busa Pete]

the reinz rule book. now there's a scary piece of literature. funny those 2 'words' are mentioned in the same breath.

if only vendors/buyers could dick agents around as much as agents can fuck with vendors/buyers. i abhor the thought of paying $20000 to someone who fucks me around and tells me lies - and I'm tied into it because i had to sign an exclusive agency contract. shame i didn't write my OWN reinz book

I'll never use a real estate agent again, and in the unlikely event that i do, I'll only be signing up for 2 week periods at a time


Mate we get dick around heaps by vendors and buyer but hay that is part of the job.
But anyway your choice i wish you luck should you be in that situation again.

[Patrick]

15th.... and there were some posts from the disgruntled few about how the whole of NZ was against us... Told ya so...

Bwahahahahahahahahahahahahahahahahaha.....

[yod]

I'm not going to say what i would like to but.
YES WE CAN WE INTRODUCE HIM TO THE PROPERTY do you not get that bit.


yes you can introduce him to the property??

um....well done?

do you mean; yes we can, we introduced him to the property??

if that is, in fact, what you meant; it is quite simple to add a clause to the agency contract that says the vendor can sell elsewhere without having to pay you commission - do you not get that bit?

[Karma]

37. Sex workers

Surely you'd wanna trust someone you were gonna stick your dick into...

[Storm]

So I'm number 11 AND number 25- do you trust me or not ? :D:D:D
Do I average it out and call myself a hairdresser? :bleh:

[R6_kid]

get a restraining order against the real estate agent and show up at all of their open homes... they'll have to leave.

[Mrs Busa Pete]

get a restraining order against the real estate agent and show up at all of their open homes... they'll have to leave.


:killingme :killingme :killingme :killingme Does that mean i can take one out on you.

[Mrs Busa Pete]

yes you can introduce him to the property??

um....well done?

do you mean; yes we can, we introduced him to the property??

if that is, in fact, what you meant; it is quite simple to add a clause to the agency contract that says the vendor can sell elsewhere without having to pay you commission - do you not get that bit?

Sorry mate you take the cake:tugger: take your hand of it you are pulling to hard and you are going cross eyed.

[Timber020]

Funnily enough I trust car dealers above real estate agents. The real estate industry in NZ has been a joke for a long, long time. The are policed by there peers, wet bus tickets are the standard punishment for offences that can only be discribed as fraud or theft, and after thousands upon thousands of buyers have been shafted its taken the govt to step in to help clean up what has been a very questionable industry.

Its not that most agents are dirty, but the "honest" (and I do use the term loosely) ones have done nothing to restrict the activities of the bad ones, because as a client of mine who has been in the industry for 30 years says, "we all walk in the grey areas time to time."

No other proffession gets away with there kind of behaviour, for all the complaints the real estate complaints industry handles every year, your chances of seeing a crooked agent prosecuted isnt worth betting on.

[R6_kid]

:killingme :killingme :killingme :killingme Does that mean i can take one out on you.

yeh, but then your parties would be lame :dodge:

[yod]

Sorry mate you take the cake:tugger: take your hand of it you are pulling to hard and you are going cross eyed.



spectacularly intelligent response I must say - well done

[Mrs Busa Pete]

spectacularly intelligent response I must say - well done

Well sometimes we have to lower our standards and I thought i would come down to your level of intelligent mate.

[yod]

Well sometimes we have to lower our standards and I thought i would come down to your level of intelligent mate.

my level of intelligent??

:laugh:

keep trying :rofl:

[Mrs Busa Pete]

my level of intelligent??

:laugh:

keep trying :rofl:

Mate i dont need to try i know what i'm talking about not like you talking through a hole in your ass.

[yod]

Mate i dont need to try i know what i'm talking about not like you talking through a hole in your ass.

:rofl: more abuse? no....dont stop....we're all so impressed :laugh:

[Mrs Busa Pete]

:rofl: more abuse? no....dont stop....we're all so impressed :laugh:

Mate this is not abuse i'm pissing myself:killingme :killingme.

[Hitcher]

Coming soon to a neighbourhood near you -- sweeping legislative reform to allegedly put an end to evil real estate agents and their disingenous, lying, devious, underhanded, pocket-lining, self-interest. They're all bastards -- particularly the female ones.

[degrom]

The lady cam back to us with this replay...

just thought i'd let you no that i have decided to run the advertised open home .. because it was advertised ..

our vendor is still happy with your offer and should have an answer Monday after the lawyer.

[Mrs Busa Pete]

Coming soon to a neighbourhood near you -- sweeping legislative reform to allegedly put an end to evil real estate agents and their disingenous, lying, devious, underhanded, pocket-lining, self-interest. They're all bastards -- particularly the female ones.

First of Hitcher i do agree about these law reforms coming in because yes there are some real arsholes out there but they come in both sexs.
Also working in the industrie i can tell you there are just as many arshole male agents as well the only advantage females have are we are way better looking and obviously way more intelligent to come up with all the thing you are accusing us of.

[Mrs Busa Pete]

The lady cam back to us with this replay...

just thought i'd let you no that i have decided to run the advertised open home .. because it was advertised ..

our vendor is still happy with your offer and should have an answer Monday after the lawyer.


Good luck i have my fingers crossed for you.

[jonbuoy]

First of Hitcher i do agree about these law reforms coming in because yes there are some real arsholes out there but they come in both sexs.
Also working in the industrie i can tell you there are just as many arshole male agents as well the only advantage females have are we are way better looking and obviously way more intelligent to come up with all the thing you are accusing us of.

Women don't lie they just don't tell all the truth. And about a million times better at game playing.

[rwh]

A house we sold unconditionally on the same day it was listed, the agents still held two open homes the following weekends, even though it was sold... WTF??:weird:

That's a very simple marketing ploy to try and get more contacts.

Surely going ahead trying to sell a house that's not for sale is illegal? False advertising and all that?

Go along and quietly tell all the prospective buyers - who didn't realise they were wasting their time - what's happening, then they can hit the agent with a collective lawsuit afterwards?

Richard

[Mrs Busa Pete]

Surely going ahead trying to sell a house that's not for sale is illegal? False advertising and all that?

Go along and quietly tell all the prospective buyers - who didn't realise they were wasting their time - what's happening, then they can hit the agent with a collective lawsuit afterwards?

Richard

......:killingme :killingme :killingme

[Drum]

But it is still for sale.

If the contract is still getting checked out by the sellers Lawyer then they have not accepted the offer.

In any case you could still be gazumped at any time. I.e. another buyer comes along before you go unconditional and offers more.

[rwh]

......:killingme :killingme :killingme

Do you want to actually make a comment with that? Or am I supposed to guess what's funny?

Richard

[rwh]

But it is still for sale.

Patrick's wasn't, if I read it right. I agree it wouldn't work in this case; this one was only misleading (the comment about cancelling the open home when that didn't happen).

Richard

[Mrs Busa Pete]

In any case you could still be gazumped at any time. I.e. another buyer comes along before you go unconditional and offers more.

Not unless there is an escape clause and even then they would have to give them depending what is writen 3/10 days to go unconditional. They could not get gazumped until after that. But would think there wouldn't be an escape clause in this contract as i dont think it conditional on the sale of another property.

[Mrs Busa Pete]

Surely going ahead trying to sell a house that's not for sale is illegal? False advertising and all that?

The house is still for sale because all contracts are still conditional on your lawyer doing a title search which we have to allow 15 working days if the lawyer has it done before that he will then declare contract unconditional.


then they can hit the agent with a collective lawsuit afterwards?

Richard

What would the lawsuit be. Sorry this was the bit i found funny. And i do apologize for that

[Maha]

What would the lawsuit be. Sorry this was the bit i found funny. And i do apologize for that


Dont get all apologetic on them now...what sort of agent are you?...Honest!!!!.....:shutup:

[avgas]

Walk, look at other properties and move on. Make it been seen that the money was never set in stone and that the vendor will not get another offer from you.
The vendor will then either come back to you, or the agent will have to drop a % of her fee to keep both you happy.
She's a women....therefore you must play hard to get.

[Mrs Busa Pete]

Walk, look at other properties and move on. Make it been seen that the money was never set in stone and that the vendor will not get another offer from you.

No but the money will be there someone else and he misses out on the house that he likes

The vendor will then either come back to you, or the agent will have to drop a % of her fee to keep both you happy.

from my experience the vendor has never gone back to a buyer because there is always another buyer around the corner and dropping her fees get real i wouldn't

She's a women....therefore you must play hard to get.

That's why you live under Dom road and probably don't have a women.

[rwh]

What would the lawsuit be. Sorry this was the bit i found funny. And i do apologize for that

Sorry, I was talking more about Patrick's case where my understanding was that it was unconditional. In which case continuing to hold an open home would be false advertising, and I'd think that would be grounds for a law suit. But IANAL.

Richard

[Mrs Busa Pete]

Sorry, I was talking more about Patrick's case where my understanding was that it was unconditional. In which case continuing to hold an open home would be false advertising, and I'd think that would be grounds for a law suit. But IANAL.

Richard

I dont know the full sorry there but advertizing takes 2 weeks to hit the paper so when the add went in the paper the property was not sold. But as i also said a contract is never uncondional untill the lawyers have done a title search so we have to allow 15 days for this. We also sometimes still have an open home on some propertys to enable us to get a back up deal which only kicks in if the first contract fulls over.

[Drum]

........... We also sometimes still have an open home on some propertys to enable us to get a back up deal which only kicks in if the first contract fulls over.

So what happens if this backup deal is a bigger offer than the original one? Surely the seller wants the higher offer? If the original offer is not unconditional, can they then not be gazumped?

[degrom]

LOL... Mrs Busa!!!

I am sorry but I still don't trust the agent. She came back tonight with the papers and the said the vendor counter signed and added an extra $5k.
(We have the only offer!!!)

Me and my partner had a huge fight before the agent came over and I am glad I stood my ground!!!!

I started by asking if we can think about it first and then she started panicking.. LOL She even joked by saying.. "Yes,now it's out turn for revenge."

She asked why we would not want to accept it and we said its about the money so she called the vendor and whala!!!!

We almost own our one place now!!! Now it's just Lims and builders... LOL

[Mrs Busa Pete]

So what happens if this backup deal is a bigger offer than the original one? Surely the seller wants the higher offer? If the original offer is not unconditional, can they then not be gazumped?

Well the back up deal could be higher but it may also be conditional on the sale of another property. There would also have to have the escape clause in the original contract and not all contracts have this.
They could get gazumped if the first contract is conditional on the sale of a property but then the cash out would be pull and you are given anywhere between 3/10 days to go unconditional. Hope that makes sense

[Mrs Busa Pete]

LOL... Mrs Busa!!!

I am sorry but I still don't trust the agent. She came back tonight with the papers and the said the vendor counter signed and added an extra $5k.
(We have the only offer!!!)

Me and my partner had a huge fight before the agent came over and I am glad I stood my ground!!!!

I started by asking if we can think about it first and then she started panicking.. LOL She even joked by saying.. "Yes,now it's out turn for revenge."

She asked why we would not want to accept it and we said its about the money so she called the vendor and whala!!!!

We almost own our one place now!!! Now it's just Lims and builders... LOL

Congrats mate so when will the house waming be.

[Storm]

Play that hardball degrom!!
Well done that man:D

[RantyDave]

Play that hardball degrom!!
Many years ago a mate of mine was in the closing stages of a deal with Tommy's as the broker. Anyway, they went on and on about wanting them to put in a higher offer and he told them no, to the point where all they wanted was another $500. Had they been making up the other bidder? Who knows.

Anyway, next day he went to the bank and withdrew $500 cash. He took this money to a bar where he bought himself a martini and had his partner take a picture of him relaxing in the bar with the martini and the $500 in a big "look at my wad" fan of cash. They got this printed onto a T-shirt, put it on, then went into Tommy's to formally withdraw the offer.

To this day I know not whether or not Tommy's staff even took note of said T-shirt, let alone realised it was exactly five hundred bucks. But, fuck, it was worth it for everyone else.

Dear real estate industry. We hate you. Sorry, it's how it is, now reform your sorry arses.

Dave

[degrom]

Congrats mate so when will the house waming be.

LOL... Can't wait!!! Our own wood burner to warm it up to!!!!!!

Possession date will be on the 3rd of August!!!

[Drum]

Well done Degrom.

When I bought my current place the offers and counter offers were going backwards and forwards and it started getting boring. So I said here is my final offer. I will not increase it. Do not even come back to me with a counter offer. Anyway the negotiations came to an end with the bid and offer some $20k apart. About a month later they rang up:"is the offer still on the table?". I said yep, at the same price as last time. I'm glad I stuck to my guns.

[marty]

i recently bought a house that was for sale via a local agent.

we made a written offer through the agent, however after 3 days and no reply (over the weekend), i contacted said agent. he said 'i haven't taken it out to the vendor as he won't accept it - i know what his bottom $$ is'

really?

i knocked on the vendor's door (he lived elsewhere) with a written offer consisting of the offer the agent had refused to present, minus the agent's $15k (would have actually been $17k).

he accepted the offer at his kitchen table 10 minutes later.

agent jumped up and down, but vendor told him to fuck off, and that HE was in breach of the contract.

we lived there for 6 months, then sold it on tardme for $40k profit....

[degrom]

Well done Degrom.

When I bought my current place the offers and counter offers were going backwards and forwards and it started getting boring. So I said here is my final offer. I will not increase it. Do not even come back to me with a counter offer. Anyway the negotiations came to an end with the bid and offer some $20k apart. About a month later they rang up:"is the offer still on the table?". I said yep, at the same price as last time. I'm glad I stuck to my guns.

I think deciding on a price and sticking to it is the hardest things to do.

That is why sites like TradeMe can sell things for 50% more that what it's worth.. And I don't blame them. If you can't do your research and control yourself when you bid on an item it's your own fault.

[degrom]

i recently bought a house that was for sale via a local agent.

we made a written offer through the agent, however after 3 days and no reply (over the weekend), i contacted said agent. he said 'i haven't taken it out to the vendor as he won't accept it - i know what his bottom $$ is'

really?

i knocked on the vendor's door (he lived elsewhere) with a written offer consisting of the offer the agent had refused to present, minus the agent's $15k (would have actually been $17k).

he accepted the offer at his kitchen table 10 minutes later.

agent jumped up and down, but vendor told him to fuck off, and that HE was in breach of the contract.

we lived there for 6 months, then sold it on tardme for $40k profit....

Yes.. Private is the best way to go if you have time.

[Patrick]

Sorry, I was talking more about Patrick's case where my understanding was that it was unconditional. In which case continuing to hold an open home would be false advertising, and I'd think that would be grounds for a law suit. But IANAL.

Richard


I dont know the full sorry there but advertizing takes 2 weeks to hit the paper so when the add went in the paper the property was not sold. But as i also said a contract is never uncondional untill the lawyers have done a title search so we have to allow 15 days for this. We also sometimes still have an open home on some propertys to enable us to get a back up deal which only kicks in if the first contract fulls over.

Ours was that simple... agents came through in numbers to look on the Monday, one said "I'll be back with a buyer tonight.."

I thought "crap" but at 7pm there she was with a client and by 8pm she was back with an offer $2k less than asking... cash buyer, unconditional. Had only signed up with the agents in the weekend, no time for ads to be placed or anything... but ads then placed and open homes held for 2 weekends following...none of this 2 weeks for ads thing then...

Lawyers taking over 2 weeks for a search??? You can't be serious!!!!!!!!!!

[Mrs Busa Pete]

Ours was that simple... agents came through in numbers to look on the Monday, one said "I'll be back with a buyer tonight.."

I dont know about where you are but we have to have our adds in first thing mondaymorning

I thought "crap" but at 7pm there she was with a client and by 8pm she was back with an offer $2k less than asking... cash buyer, unconditional. Had only signed up with the agents in the weekend, no time for ads to be placed or anything... but ads then placed and open homes held for 2 weekends following...none of this 2 weeks for ads thing then...

Lawyers taking over 2 weeks for a search??? You can't be serious!!!!!!!!!!

Not normally but we have to allow 15 working days when we are doing the contracts. But the point is it's not unconditional untill search has been done.

[dnos]

The thing with real estate agents is that they are working for two people at once. Trying to get the highest sale price for the vendor, and trying to find a good deal for the purchaser. No wonder they charge so much :)

Seriously, anybody buying or selling a house needs to be clued up about all the issues brought up in this thread. It can be extremely confusing, especially for first time buyers. And it is really important to do your market research and know the value of a property when setting an asking price, or presenting an offer.

Agents can and do tell untruths sometimes, so whenever dealing with them be prepared to ask questions to get the bottom line.
But the best thing to do is find an agent you can trust, and deal with them. As was said before you can deal with any individual in an agency with that listing, and unless it's exclusive then I believe any agency can deal with the vendor (correct me if this is wrong)

[Hitcher]

The thing with real estate agents is that they are working for two people at once. Trying to get the highest sale price for the vendor, and trying to find a good deal for the purchaser. No wonder they charge so much

Oh no they're not. They're working for themselves in a manner that secures them (the agent) the best possible deal in the shortest possible time with the least amount of effort required on their part. Occasionally this may coincide with the agenda of one of the other parties they are supposed to represent.

There is no reason why an agent cannot conclude such an arrangement on an hourly charge basis -- even if they charged something ludicrous like $400 an hour, most people would cop a lower charge than the $21,000 commission payable (at 3.5%) on the sale of a $600,000 property (net of "marketing" and other additional charges). Are real estate agents saying that it would take 53 exclusive hours of their time to sell such a property (assuming that they were to charge $400 an hour)? Are they also saying that it is harder for them to sell a property as the value of that property rises? If so, they should all be strung up by what passes for their genitalia.

Naked greed I can understand. The various other deceptions that seem to accompany this I find more difficult to swallow.

[dnos]

Oh no they're not. They're working for themselves in a manner that secures them (the agent) the best possible deal in the shortest possible time with the least amount of effort required on their part. Occasionally this may coincide with the agenda of one of the other parties they are supposed to represent.


Hahaha, thats right, it's impossible to work for two people with obviously incomptible expectations.:yes:

[vifferman]

The thing with real estate agents is that they are working for two people at once. Trying to get the highest sale price for the vendor, and trying to find a good deal for the purchaser. No wonder they charge so much :)

Bullshit.
Agents are (in the final analysis) working for only one thing: their commission. And many of them don't earn it. They charge so much because they've got the whole real estate "industry" sewn up, with no real competition, and no real alternatives.

I don't know if anyone reading this thread saw a series of "Location Location" or one of those documentaries about parasitic creatures, but there was one episode with a Murkn who owned property on Waiheke (IIRC?). I don't remember the details, but the thing that stood out was that he was livid about the agents' behaviour and attitude. His agent was supposed to be working for him and trying to get the highest possible price, and the buyers' agent was supposed to be working for the buyers, and trying to obtain the property at the best possible price. Instead, his agent tried very hard to get him to drop his price, to achieve a sale no matter what (just to get her commission), and the other agents were working hard to get the buyers to raise their price so they could achieve a sale, no matter what. He was really pissed off, and said basically that the situation was arse-about-face, and that neither agent was doing their job properly, and that things were different in the US, where the agents actually did work for their commission and did represent their clients, and did do the job they were paid to do.

That's the thing that pisses me off the most - the agents' bottom line is "I want my commission, at no risk to me, no cost to me, and with the minimum effort on my part". If you list a house, ALL the costs are yours, ALL the risks are yours, YOU do all the work to make your house as attractive for sale as possible, and pay for any extra advertising or a higher profile.
It makes pharkall difference to the agent's commission if you lose a significant amount in achieving a sale, so they don't care. Many of them will do anything they can to get a commission, including lying, misrepresenting things, using psychology to make you scared the property you're selling won't sell, or the one you're buying will get sold to someone else, etc. etc.

[Patrick]

It wasn't that long ago that ALL advertising came from the commission fees of the sale. (About 10 years ago from memory).

Funny how they changed this because it dipped into the agents commission monies... and how clever they were with the excuses...

"What if it doesn't sell" was my favourite... "work farken harder then and earn your commission and make it happen!!!" was my response....

[Drum]

And as property prices have been rising by 10 to 20% a year for the last few years, so too have the comissions.

Anybody else getting that kind of payrise?

[Patrick]

And as property prices have been rising by 10 to 20% a year for the last few years, so too have the comissions.

Anybody else getting that kind of payrise?

Good point......

[ManDownUnder]

And as property prices have been rising by 10 to 20% a year for the last few years, so too have the comissions.

Anybody else getting that kind of payrise?

No - but that argument also holds true for the downtimes which are coming...

As interest rates go up... house prices don't

[vifferman]

And as property prices have been rising by 10 to 20% a year for the last few years, so too have the comissions.

Anybody else getting that kind of payrise?
Ah - but you're assuming that they are getting an extra 10-20%. Of course, houses are harder to sell than they used to be, so when you average it out on an hourly basis they're no better off; it costs them more to sell them, because petrol prices have skyrocketed; blardyblah blah etc.

Them poor, poor agents. I feel a wee tear coming on... :cry:

Nope - it was just a dust speck in my eye....

But lessee... have I had that kind of payrise.... Hmmmm....
Last year? = 0%
The year before? = 0%
The year before that? = 1.5%
The 3 years before that? = 0%

Lesseee... add them all up... 1.5+0+0+0 = 15000% !! :shit:
(Creative Accounting 101)
Yeah, I know - I'm a dumbarse. My wife tells me as much, when she points out that I'm underpaid, and earning less in real terms (and only $11k more in $$ terms) than I was in 1996 ...

[Mrs Busa Pete]

Just a question for you all how much do you think the agent gets out of the commision that is charged when a house is sold ?. This is a genuine question.

[Hitcher]

Just a question for you all how much do you think the agent gets out of the commision that is charged when a house is sold ?. This is a genuine question.

It doesn't matter how much the agent gets. Somebody somewhere is banking the cheques and it's the total amount of commission paid that is the important figure. And the incentivisation is exactly the same, irrespective of the quantum. That is a genuine answer.

[vifferman]

I don't think about how much your average real estate agent gets, just that there are too many of them, and what Hitcher said.

[RantyDave]

It doesn't matter how much the agent gets.
Ick-fucking-zactly Mr Hitch. I don't give a rats arse where it goes other than it has left my pocket.

This is a genuine answer too.

Dave

[degrom]

"What if it doesn't sell" was my favourite... "work farken harder then and earn your commission and make it happen!!!" was my response....

I second that... LOL

[degrom]

Just a question for you all how much do you think the agent gets out of the commision that is charged when a house is sold ?. This is a genuine question.

Please explain... :)

I am interested in were the vendor's $15k is going in my case...