How naive I am...

By Malkovich   follow   Tue, 7 Feb 2012, 2:31pm PST   ↑ Like   ↓ Dislike   1,196 views   4 comments   Watch (1)   Share   Quote  

Last week I put in an offer on a short sale property.

The selling realtor had priced it a bit low so there were many offers. I set my maximum bid and submitted my offer.

It was a foregone conclusion that my offer probably wasn't even in the top third. No biggie - I am not dying to buy a house and am only looking for the best deal I can find.

In any event, my realtor sends me an email today, "Hey Malkovich, look at my blog!"

I check it out and he is boasting of his recent sales and talking about how "hot" the market was. Then he talks about some houses he had submitted offers for recently and how they had multiple offers.

Then he specifically mentions the place I had bid on just last Wednesday (remember, a short sale) and mentions there were so many bids and how it sold for XX amount.

There is no way the sale price could be known this soon. So this guy is blatantly lying on his public blog trying to hype the market.

I emailed him and remarked "Hey, the sale price came out pretty quick, huh?" He replied saying that it would take a couple months for the sale price to come out.

Only worked with the guy for this one transaction but thought he had some scruples. It was clear he knew some tricks of the trade but he didn't seem like a complete scumbag liar.

How naive I am.


Comments 1-4 of 4     Last »

Norbecker   befriend (0)   ignore (0)   Tue, 7 Feb 2012, 9:19pm PST   Like   Dislike     Share   Quote   Comment 1

It is hard not to put a little trust in a "professional" that is supposed to help you. Just when you think you found "the" good one.......
Must be the nature of the beast. I think they are salivating over the thought of another hot market and how to pump it up again.

Good luck.

TPB   befriend (1)   ignore (3)   Tue, 7 Feb 2012, 11:58pm PST   Like   Dislike     Share   Quote   Comment 2

Don't beat your self up, I actually dug up a retired Realtor I knew (from the 80's when I did flooring in his investment properties) to help with my purchase. It's amazing how He turned into a full bore money grubbing realtor prick before closing.

Tuned out the owner of the place had two loans the house, and in order to sell it for the offer I made, the second mortgage holder had to take a cut. But he expected the realtors to take a cut as well. So the deal only had 3% in it, for the listing and the buyers agent to split. Can you believe my friend calls me up, telling me I had to pay the difference or the deal was off. Just like that, no talking to me, and laying a hardship story on me, about how he was really counting on that full 3% commission to pay bills. I would have understood and been inclined to make sure he was taken care of. I did dig him up out of retirement after all. I would have felt obligated to make sure he was happy with the outcome. With the way he went about it he was talking about sandbagging the whole deal.

joshuatrio   befriend (0)   ignore (1)   Wed, 8 Feb 2012, 1:31am PST   Like (1)   Dislike     Share   Quote   Comment 3

What a freaking joke. This makes me never want to buy, and starve the realtards a slow death.

toothfairy   befriend (0)   ignore (1)   Thu, 9 Feb 2012, 1:54am PST   Like   Dislike     Share   Quote   Comment 4

he probably just asked the other realtor what it sold for

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