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How naive I am...

By Malkovich   2012 Feb 7, 2:31pm   1,430 views   4 comments   watch (1)   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 »

1   Norbecker     2012 Feb 7, 9:19pm  ↑ like   ↓ dislike   quote    

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.

2   TPB     2012 Feb 7, 11:58pm  ↑ like   ↓ dislike   quote    

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.

3   joshuatrio   40/41 = 97% civil   2012 Feb 8, 1:31am  ↑ like (1)   ↓ dislike   quote    

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

4   toothfairy     2012 Feb 9, 1:54am  ↑ like   ↓ dislike   quote    

he probably just asked the other realtor what it sold for

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