The secret strategy of the exposed cunning agent

Australian homebuyers have exposed secret strategies for immoral agents to raise prices and they are now warning others how to discover it.

As housing affordability declines to record lows across the country, home buyers and former agents have begun sharing tips on how to address deceptive strategies to force more money to force buyers to force more money – given a major issue of rising prices now there are many already bids at auction at peak borrowing.

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After Redditor asked “I’m playing me after the auction”, the Australian real estate community burst into advice and shared experiences, keep coming back and claiming there are second party house recruiting homes.

“Go to the auction, only I bid with one buyer’s agent. The last bid for the buyer’s agent was $1.4 million, my $1.45 million. The property passed. Negotiated and the supplier wanted $1.56 million. The seller bid myself, offering $1.48 million, offering $1.48 million. No deal. No deal, gone.

Three hours later, the call was made and the buyer’s broker provided $1.5 billion. Ask if we would submit a better offer. $151,000 was submitted. Agent signature sent by contract.

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Feedback is fast and passionate, and many people urge buyers to walk away and even lower the offer to the original auction’s highest market price.

One user said: “The seller wants the highest price the market pays. That’s why it goes on auction and proves – Market price: $1.45 million. After that, B*llshit started because they disagree with the market price.”

Several former real estate agents were in trouble and confirmed the strategy, saying: “When I work in real estate, we do it often, and it’s all legal for the reason to stop back and move forward, especially after the auction and complete the transaction (mostly due to supplier requirements).

Another said: “In terms of sales, that’s exactly what the ‘good’ seller does to squeeze out every dollar.” The former agency’s advice was “go back to lower quotes because owners often craved for sale.

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In the shared experience, one said: “The house price is $399,000, and my offer was $375,000 before the open home, and they obviously received another offer, and the agent kept giving me FOMO treatments to get me more, and said they had another offer. I said I would only work hard to pay 380,000, and I could only endure my troubles. Owner”.

Another said: “The agent called for another buyer to talk for 2 consecutive days, and the husband said that we offer a price of 40k, and the agent said YEP is $1,000 more than that, which is yours. We said no, House sat for another 6 weeks and ended up getting 25,000 under our offer.”

Another incident said: “The same thing happened to us, about 1-1.25 mil, we offered 1.25 because we wanted to sell quickly and be ready to move in. The agent played and said the owner wanted more than $12,500 million… we walked away… we walked away… we walked away… we ended up selling 1.105 meters. Sometimes brokers and sellers just need to learn to be good deals, not hard on 5k or 10k or 10k or 10k or 10k or 10k or 10k or 10k or 10k or 10k’

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Another said: “I told the agent that my final bid was X amount (the amount I already provided) and they could accept it at the end of the day or I would exit. It was at the end of the day when I signed the contract. So it turned out that there might be no other party.”

Another Redditor also exposed the last minute strategy: “We all signed the contract well and confirmed this with the broker…and then 10 minutes later the broker called everyone and it sounded sad to say that the offer for another offer was higher than our tickets and he legally offered the offer to the seller and others, etc.

“We told him to do what he had to do and then leave it behind. Another 15 minutes later the agent called again and it sounded like sheep and sheep, saying that the other buyer wasn’t serious and the house was ours… It really made us feel uncomfortable with the agent, otherwise he looked like a real (for an agent) straightforward person.

After a lot of suggestions, the original poster told the community: “This morning, I sent an email and withdrew our offer. So if they didn’t have any other offer, they would have nothing. We would be happy to walk. It’s not the perfect place for us, and if it does go, we’d be happy to let it out of our offer.”

Next comes an update: “A email was received at that time. Apparently, other buyers have already exited. Hahahahahahahahahahahahahaha.”

Among those who advise buyers to walk away, there was one Redditor saying “Make sure you revoke your offer in writing” while another said “If it passes at the auction, give the offer but said if I can’t see the signed contract, it will be withdrawn within 3-4 hours.

Another said: “By experience, don’t make an offer before an auction, that is they fight your broker against a fictional buyer agent.”

“Usually, if there are no other real buyers, they will advertise a solid price on Monday (after the auction). If they place the range, walk away. Ideally, you want to close it before 6pm on Sunday, otherwise they will walk away at a Dutch auction.”

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