From 1 News
"An avid follower of the website homes.co.nz, Xxxx was horrified to learn it was a simple matter for agents to bump up the estimated value of a property by uploading their own appraisals."

aklreels - 2020-12-10 10:35:00

What a surprise.

geoone - 2020-12-10 10:47:00

So ignore them and look elsewhere or get a valuation done

lythande1 - 2020-12-10 13:12:00

It's only worth what someone will pay. End of story.who cares.

msigg - 2020-12-10 13:26:00

aklreels wrote:

From 1 News
"An avid follower of the website homes.co.nz, Xxxx was horrified to learn it was a simple matter for agents to bump up the estimated value of a property by uploading their own appraisals."

What a surprise lol.....I put real estate agents in the same category as used car salesmen and snake oil sellers....

hound31 - 2020-12-10 13:27:00

The member deleted this message.

sweetgurl108 - 2020-12-10 15:48:00

hound31 wrote:

What a surprise lol.....I put real estate agents in the same category as used car salesmen and snake oil sellers....

Why?

johnston - 2020-12-10 16:49:00

hound31 wrote:

What a surprise lol.....I put real estate agents in the same category as used car salesmen and snake oil sellers....

I find used car salesman a class above, way more honest and they can only rip you off half the price of a car not half the price of a house.

ash4561 - 2020-12-10 21:36:00

ash4561 wrote:

I find used car salesman a class above, way more honest and they can only rip you off half the price of a car not half the price of a house.

Please explain.

johnston - 2020-12-10 22:06:00

hound31 wrote:

I put real estate agents in the same category as used car salesmen.

used car salesmen don't usually base there selling on behalf fee as a percentage of the sold price ..

pf - 2020-12-10 22:08:00

ash4561 wrote:

I find used car salesman a class above, way more honest and they can only rip you off half the price of a car not half the price of a house.

I've had agents who impressed me with their honesty, communication and work ethic. Others, not so much.

apollo11 - 2020-12-10 22:08:00

pf wrote:

used car salesmen don't usually base there selling on behalf fee as a percentage of the sold price ..

no but then again they generally own the stock they are selling so the comparison is flawed.

sparkychap - 2020-12-10 22:29:00

pf wrote:

used car salesmen don't usually base there selling on behalf fee as a percentage of the sold price ..

Of course not because they generally own what they sell. In any event there is nothing whatsoever to prevent a real estate vendor paying a set fee.

johnston - 2020-12-11 07:02:00

johnston wrote:

Of course not because they generally own what they sell. In any event there is nothing whatsoever to prevent a real estate vendor paying a set fee.

I agree. There are some real estate agencies that offer fixed fees as a point of difference. There is nothing stopping a vendor negotiating except a strange NZ type inhibition about seeking the best deal.

shanreagh - 2020-12-11 10:05:00

Thing is, on Homes.co.nz you can see the valuation history, so it's easy to spot an adjusted valuation at the same time as a house hits the market. In the end those sites are no substitute for an independent valuation. Homes.co.nz doesn't know whether I spent 1000 on my bathroom fixtures or 100,000.

esprit - 2020-12-11 10:22:00

shanreagh wrote:

I agree. There are some real estate agencies that offer fixed fees as a point of difference. There is nothing stopping a vendor negotiating except a strange NZ type inhibition about seeking the best deal.

Not to mention the strange notion that the more expensive the agent the better the agent.

johnston - 2020-12-11 12:18:00