Beware of scare tactics from trolls hiding behind different user id's
invite response
2012 Mar 7, 12:30pm 43,024 views 71 comments
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David Losh
2012 Oct 28, 1:25am
"We have 13 competing bids sir.
Your best, and final is always what you originally thought, and never get yourself into a multiple offer situation.
Multiple offers mean wait for the market to cool off.
The point is that an agent can't arbitrarily say there are other offers, without having those offers in hand.
The next time that happens to you ask to see the other offers before you escalate, because you are willing to go highest, and best offer.
The problem with amatuers is they get weeded out of the market place. If I'm the agent with a buyer I'm going to want the agent to produce other offers, if I were ever to encourage any buyer to go into a multiple offer situation, which I wouldn't.
David Losh
2012 Oct 28, 1:26am
Where do you guys get this kind of phantom offer stuff from anyway?
David Losh
2012 Oct 28, 3:56am
Ask yourself that question my dear used house salesman.
That's not an answer because you don't have one. You're speculating that inexperienced agents will say anything to get a Real Estate commission. It does happen, but those agents leave the business because other agents won't do business with them.
Your reputation, as an agent, in the Real Estate community is what gets more transactions.
That is the problem with agency, any one can join, but only a few survive.
Are you doing business with an agent that is in the business for the long haul, or a newbie?
You, as the buyer, or seller still need to get a deal, so you should pick an agent on ability rather than likability.
David Losh
2012 Oct 28, 6:20am
Ask an honest question and you'll get an honest answer
I guess you are trying to say that this phantom offer thing is an industry standard for used house sales people, I guess, because you aren't saying anything.
The truth is that is one of the most debunked illusions people have about used house sales people. Any agent can ask to see the highest, and best, or the volume of offers.
The very, very sad truth is that agents do write multiple offers on properties.
Writing a highest, and best offer has to be the stupidest thing any agent can get involved with, but they do it, usually at the buyer's insistence.
There are some agents that encourage the multiple offer situation because it creates urgency.
But the very, very sad truth is agents do write into multiple offer situations, and buyers, and sellers go along with that.
David Losh
2012 Oct 28, 8:16am
Because it is.
I guess we are in a he said, she said situation.
I've been in the business of Real Estate a long time, and what I know is that it is sad we have multiple offers, but they do really happen.
Now if you are talking short sales, that is an industry standard to have the loss mitigator collect offers to counter at highest, and best. Those are always situations to walk away from.
Eman
2012 Oct 28, 9:50am
So I don't fault Real Estate agents as much as I fault the government, and the banks who were making the loans.
I agree. RE agents were as ignorant as the rest of us.
But they still got their commision.
Actually, RE agents lost all of their commission and more in RE investment this last round. Some had to file BK to discharge their debt. Some even lost their spouse.
Karma is a bitch.
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Please try to ignore all threads with hyperbolous sounding titles like:
"Chinese are buying up all the real estate in the Bay Area"
and
"Palo Alto prices up, eventually spreading to rest of Bay Area".
These are just realtor trolls, trying to use scare tactics to shore up some more business. When will they realize that their immature coercion has long been passé, and is no longer effective around here.
#housing