Comments on: Things estate agents can’t get away with http://www.homeiown.com/things-estate-agents-cant-get-away-with/ How buying, building or renting a house works in Australia Sun, 14 Mar 2010 15:36:22 +0000 http://wordpress.org/?v= hourly 1 By: Chris http://www.homeiown.com/things-estate-agents-cant-get-away-with/comment-page-1/#comment-16288 Chris Tue, 20 Oct 2009 11:59:31 +0000 http://www.homeiown.com/?p=1302#comment-16288 I hope that we'll see some improvement from 2010, not only because the agents will be "restrained" by law, but also because the vendors will become liable for agent's actions. This will make the people think twice before going along with whatever game the agent had in mind. It will be just like with tax returns - the accountant fills the forms, but the person who hired him is liable for any mistakes in these forms. I hope that we’ll see some improvement from 2010, not only because the agents will be “restrained” by law, but also because the vendors will become liable for agent’s actions. This will make the people think twice before going along with whatever game the agent had in mind. It will be just like with tax returns - the accountant fills the forms, but the person who hired him is liable for any mistakes in these forms.

]]> By: Ben http://www.homeiown.com/things-estate-agents-cant-get-away-with/comment-page-1/#comment-16287 Ben Tue, 20 Oct 2009 05:25:55 +0000 http://www.homeiown.com/?p=1302#comment-16287 They seem to be able to get away with pretty serious underquoting! We were pretty serious about a property for sale in Glen Iris (VIC) with one of the largest estate agents in the area. On domain it didnt have a price, but came up when adjusting the price range to 700K - 700K. When inspecting the property, they said they "had interest" in the 700 to 750K range. On auction day the auction was passed in to us, then during the negotitaions the agent bullied us saying the seller actually originally wanted 850K, and did we expect to get it for less than 800. We didnt offer this much and the property was eventually sold to someone else a few weeks later. I guess with the new rules you talk about (from Jan 2010) we may have at least got back our property inspection costs.. but even this seems unlikely as I guess the agent could get away with saying they hadn't provided any price. They seem to be able to get away with pretty serious underquoting!

We were pretty serious about a property for sale in Glen Iris (VIC) with one of the largest estate agents in the area. On domain it didnt have a price, but came up when adjusting the price range to 700K - 700K.

When inspecting the property, they said they “had interest” in the 700 to 750K range.

On auction day the auction was passed in to us, then during the negotitaions the agent bullied us saying the seller actually originally wanted 850K, and did we expect to get it for less than 800.

We didnt offer this much and the property was eventually sold to someone else a few weeks later.

I guess with the new rules you talk about (from Jan 2010) we may have at least got back our property inspection costs.. but even this seems unlikely as I guess the agent could get away with saying they hadn’t provided any price.

]]> By: Glenn Twiddle http://www.homeiown.com/things-estate-agents-cant-get-away-with/comment-page-1/#comment-16182 Glenn Twiddle Tue, 15 Sep 2009 13:13:33 +0000 http://www.homeiown.com/?p=1302#comment-16182 Thanks for this article, Chris. Most people don't know thier rights and they have to trust that they find one of the minority, being an agent that has skills enough to represent their seller, but still treat buyers in a fair, honest and professional manner. Great article and look forward to exploring your blog more. Glenn Twiddle <a href="http://www.glenntwiddle.com.au/" rel="nofollow">Real Estate Training Brisbane</a> Thanks for this article, Chris.
Most people don’t know thier rights and they have to trust that they find one of the minority, being an agent that has skills enough to represent their seller, but still treat buyers in a fair, honest and professional manner.

Great article and look forward to exploring your blog more.

Glenn Twiddle
Real Estate Training Brisbane

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