Seven Common Tricks Real Estate Agents Use When Buying Property [in 2024]

#3 🤣 I learned about fear of loss in sales years ago. hubby and I were just laughing yesterday that if I were a real estate agent I'd name my business 'Fear of Loss' 🤣

Those sneaky agents... can’t be trusted 😉

These videos are really helpful. Thanks a lot! :-)

On a particular real estate web site I have seen a house advertised and it says current offer $500,000. It's not advertised as an auction and it doesn't list the house as currently being under offer. This current offer statement is in the title. What stunt are they trying to pull?

How do you find out if a property has been flooded?

CBA clients can use their Property android app for free to check for how much a property was sold for. Pretty handy.

Wow some shady dealings in Australia. They don't tell you the price? Totally illegal in Canada.

Thanks this was super helpful as well as your other vids - well done

Love your videos and the helpful advice. Its absolute Gold!!

Excellent video

Thanks for your time and help

Hi Jayden, putting in an offer before auction worked for me, and helped me get my current home that I had long had my eye on. The owners had to move overseas, so I put in as high an offer as they could reasonably expect, probably better than they were hoping to get at auction, and with a reasonable contract that made the whole thing more attractive to them.

in Sydney most houses are underquoted by at least 10% to 20%. General rule is get a guide price add at least $200,000

If the lips of a 'real estate agent' move, then you know they're lying.

(As a buyer)......If an agent claims there are multiple offers on a property, do they legally have to supply me with a multiple offer acknowledgement form? Can this be used to call there bluff?

Lots of sales I've seen in Melbourne lately are sold before auction...comments? is it legit?

Real estate agents are like spiders woving a web of lies.

Hi , I'm in WA and I'm selling.
I get the feeling the agent is trying to drive price down. I keep hearing I need to drop price about $ 90000 as a lot have said house needs renovations , was built about 1980 . It's listed at about $ 20000 below median.
No offers presented. Getting suspicious.

Sexy furniture !!!

It is difficult to trust some real estate agents. Experience working with a listing realtor who was very dishonest.

this guy is from europe..what the heck...i want someone local new york carajo

I have inspected over 100 properties here in Melbourne and I can tell how common these tricks are.
There is another trick some agents use where they get some first home buyers think that they can get a property in Auction inspite of being well aware that there are investors who are going to bid on it and of course win the bid. But once the first home buys lose the bidding the agents quickly go in for the kill, use their emotion and quickly make them sign on another inferior property make them pay the full price of the first property!

The bottom line is emotion + investment = HUGE Failure :(

a friend of my father spent years wasting real estate agents' time by pretending to be interested in buying places. he did it just because he hated them.

Thank you

OOhh... this video aged well. Late 2020 onwards FOMO went off the rails..

Number 1 FOMO FOMO FOMO it’s going its going I’ve got eastern states investors it won’t last Blah Blah Blah

You could bring pricing down to a reasonable level everywhere if you could just get people to do this one thing: stop paying more than what the property is worth.

But don't hold your breath because plenty of people will just shell out that overly high price because they just have to have that house, debt up to their necks or not. That screws everyone else in that it keeps the housing prices high b/c new sellers look around and say " Hey, this house just like ours sold for $450000, so let's list at $480000 and wait for some fool to pay it. "

Real Estate agents typically have a legal disclaimer which basically says they can say anything about a property -- as it up to buyers to ascertain the CORRECT information for themselves.

Agent has no legal obligation to tell you anything FACTUAL at all about any property they are selling. NOTHING.

If course they always under quote/ over quote to get the price up more.

The industry is in a crisis of honesty and lack of professionally attitude. But legally it how they make the most money -- by simple telling LIES based on getting a big Commission .

THEY 》 ALWAYS LIE.

Every time you try and consult with amy REA you just hear a bunch of half truths ; use statistics and make up simpler lies to impress you.

A sad industry. And its getting far worse now as commissions are getting more larger ( 20k was once a big commission sale ) but what is 2.4 % of a house price ?

I think over the last few years, since this video was made, that the Australian people have been manipulated (or attempted) enough using FOMO from our own government, that we should now recognise a psy-op when we see one! If not, people only have themselves to blame. Thanks for the video.

More regulations and bigger fines required. Housing market is out of balance in more ways than just supply and demand

Right now I'm dealing with the most filthy dirty rotten lying real estate agents ever putrid people i wish like anything that I could post who they are right here i will say im in east gippsland Victoria

What about negotiating, then within 5k radio silent. My daughter in hospital

thanks for telling me this. I met a few agents. some of them are using those tricks. I didnt buy any of their property yet. luckily i found a news that the building has cladding issue or defective apartment later on. Anyways i am heading for an inspection tomorrow. and i dont want those FOMO technique. I will get a home which i really want.

The good old days of a price was set, and you negotiate down from there. Now they have a price guide and get a feeding frenzy of buyers competing against each other.