Is it ok for an agent to lie to you
| # | Post |
|---|---|
| 1 | after a property has sold and you ask how much it sold for. I do not believe they made an honest mistake I believe they intentionally lied to mislead me by telling me it sold for a lot more than it did. ash4561 - 2021-05-21 21:02:00 |
| 2 | No, it's not ok for an agent to lie but I'm sure some do. You can find out how much it actually sold for by searching Google. mazalinas - 2021-05-21 21:07:00 |
| 3 | No it is not OK for them to lie - however it is not the agents right to tell you either. It is a matter between the seller and the purchaser where the agent is merely a intermediary working on behalf of their client. And no agent wanting to maintain their reputation will compromise it. Sometimes an agent will disclose if the property was sold at auction and you weren't present because the price was announced in the public arena. brouser3 - 2021-05-22 09:16:00 |
| 4 | mazalinas wrote: Not for all properties and all sales. Also one needs to be aware that there may be 'conditions' which have an effect on the price as well eg the buyer may accept the property without some works being done that the buyer was going to do prior to settlement eg replacement of carpet Edited by brouser3 at 9:20 am, Sat 22 May brouser3 - 2021-05-22 09:18:00 |
| 5 | To be honest, I think the question should be “is it ok to ask an agent how much a property sold for?” lovelurking - 2021-05-22 09:40:00 |
| 6 | lovelurking wrote: I disagree, it's fine to ask them. Whether they should tell you for a sale that's not yet settled and therefore not in the "public domain" is another thing. Many agents do, as it helps future sales by keeping price expectation high. If you've just put in the effort of making a Tender or Deadline Sales offer, which might have involved time, effort and maybe money on Valuation or Building Reports, don't you deserve to know how much you missed out by? Edited by sparkychap at 9:44 am, Sat 22 May sparkychap - 2021-05-22 09:42:00 |
| 7 | You’re assuming they lied. But maybe they didn’t. Maybe GST was paid which affected the price, or there is another simple explanation. Ask another agent about the sale price. committed - 2021-05-22 09:44:00 |
| 8 | sparkychap wrote:
I agree. But the fact that someone made a higher offer and missed out is difficult for some buyers to understand. A seller may accept a lower offer for various reasons. committed - 2021-05-22 09:47:00 |
| 9 | sparkychap wrote:
Just as well I’m not an agent then eh?! lovelurking - 2021-05-22 09:59:00 |
| 10 | In with you lovelurking, tell them nothing, they can find out later, time is money. each to their own. msigg - 2021-05-22 10:05:00 |
| 11 | lovelurking wrote:
But what if the person who asked is a serious buyer? That buyer might be annoyed at your attitude and decide to buy through someone else. Civility costs nothing. committed - 2021-05-22 10:17:00 |
| 12 | ash4561 wrote: That happened to me when i was about 22 (25 yrs ago). It caused me to lose trust in that agent completely, and any other person who i now thought might be 'like that'. theo35 - 2021-05-22 10:19:00 |
| 13 | We went to an open home in W Auck and asked about the run-down property next door. Agent said it had recently been sold and would probably be cleaned up and developed. Price? $1.15M. But...it was me that had purchased it for under $800k. I said nothing, but added that agent to my do-not-believe-anything list. masturbidder - 2021-05-22 10:20:00 |
| 14 | I see more often now when a property has been sold it say amount undisclosed. joanie04 - 2021-05-22 10:36:00 |
| 15 | joanie04 wrote: The amount cannot be undisclosed once the sale is settled. sparkychap - 2021-05-22 10:56:00 |
| 16 | committed wrote: lovelurking - 2021-05-22 11:02:00 |
| 17 | lovelurking wrote: And of course a good agent would qualify why you wanted to know and then guide the conversation accordingly. Just telling the sales price is inadvisable, but there are plenty of ways of giving a guide of what similar properties are selling for... The enquirer might be wanting to list the exact same type of property, and you might loose the listing with your polite bugger off. sparkychap - 2021-05-22 11:02:00 |
| 18 | sparkychap wrote:
Precisely. It’s there for all to see. lovelurking - 2021-05-22 11:03:00 |
| 19 | masturbidder wrote: This is pretty much what happened. Same agency both properties the agent you talked to was not the one that sold to you at $800,000 and be hard to believe from the rest of the conversation that it was an honest mistake and they really thought it sold at 1.15 m but If called out they would say they got muddled with price I think its likely they had a house somewhere that sold at 1.15 Edited by ash4561 at 11:07 am, Sat 22 May ash4561 - 2021-05-22 11:04:00 |
| 20 | lovelurking wrote: Yes but often up to 2 months later. I want to list this week. sparkychap - 2021-05-22 11:12:00 |
| 21 | sparkychap wrote:
Well then tell the agent why you want to know and be honest and upfront. lovelurking - 2021-05-22 11:15:00 |
| 22 | lovelurking wrote: Or the agent can do what they are supposedly so good at....and ask why the person would like to know. After all no-one tells an agent up front they want to list their property, they want to test the water or secret shop them first. sparkychap - 2021-05-22 11:17:00 |
| 23 | After all no-one tells an agent up front they want to list their propberty, they want to test the water or secret shop them first.[/quote] Oh, so it’s okay to tell lies ???? to the agent, but not ok for them to tell lies to you... lovelurking - 2021-05-22 11:23:00 |
| 24 | lovelurking wrote: When you make an offer on a property do you tell the agent how much you'd actually be willing to pay over your offer, or do you lie to them? You are too funny [insert random emoji here] Edited by sparkychap at 11:30 am, Sat 22 May sparkychap - 2021-05-22 11:30:00 |
| 25 | ash4561 wrote:
Perfectly fine just as it is asking stupid questions. johnston - 2021-05-22 11:50:00 |
| 26 | johnston wrote:
???? ???? Wish I’d thought of that... âœ”ï¸ lovelurking - 2021-05-22 11:54:00 |
| 27 | sparkychap wrote:
It's unlawful for an agent to divulge information not in the public domain. superdave0_13 - 2021-05-22 15:00:00 |
| 28 | sparkychap wrote: smallwoods - 2021-05-22 17:33:00 |
| 29 | superdave0_13 wrote:
Bullshit. johnston - 2021-05-22 17:39:00 |
| 30 | smallwoods wrote: Nothing you've posted here detracts from my statement. Both sales prices are recorded. sparkychap - 2021-05-22 19:06:00 |
| 31 | superdave0_13 wrote: lol, nice one. Unlawful how? And define "public domain" as it relates to your this scenario. sparkychap - 2021-05-22 19:22:00 |
| 32 | sparkychap wrote:
Agents have to be thoughtful towards the privacy act. If information is in the public domain this is unlikely to breach the Privacy Act. Note for example the difference between publicising a sold price at the time the sale is unconditional (=potential breach) compared to the same information being used after the sale has settled and the record updated on LINZ (= unlikely to be a breach) superdave0_13 - 2021-05-22 20:27:00 |
| 33 | superdave0_13 wrote: So its not neccarily unlawful then. And LINZ has nothing to do with it. Edited by sparkychap at 8:40 pm, Sat 22 May sparkychap - 2021-05-22 20:39:00 |
| 34 | sparkychap wrote:
Well if you are looking for the reason why agents won't tell you then that's it. In some agencies the information won't even be shared among other salespeople not involved in the sale. superdave0_13 - 2021-05-22 20:47:00 |
| 35 | superdave0_13 wrote: Agents do tell me though. In fact one door knocked the other day and offered to let me know the price when the neighbors house sold. Edited by sparkychap at 8:54 pm, Sat 22 May sparkychap - 2021-05-22 20:51:00 |
| 36 | superdave0_13 wrote:
About a month ago a newbie real estate agent posted an infomercial/ skite post on facebook a couple of hours after the auction which included the price paid for a property... lovelurking - 2021-05-22 20:55:00 |
| 37 | Auction sales prices are made public immediately. They may have breached a company policy by doing so though. If they had included the name and address of the owners without consent... That certainly would be a breach. superdave0_13 - 2021-05-22 21:03:00 |
| 38 | sparkychap wrote:
But not public! Edited by smallwoods at 10:10 pm, Sat 22 May smallwoods - 2021-05-22 22:09:00 |
| 39 | smallwoods wrote:
You'd have to jump on a site that agents use to have a shot at getting it. superdave0_13 - 2021-05-22 22:20:00 |
| 40 | smallwoods wrote: Nope. Or do I mean yes….. The house in the Valley. sparkychap - 2021-05-22 23:10:00 |
| 41 | superdave0_13 wrote: wrong sparkychap - 2021-05-22 23:14:00 |
| 42 | superdave0_13 wrote: Even tho' a sale may of reached 'unconditional' status, there is still no certainty that it will 'settle'. Obviously not an ideal situation for either party, however it does happen. brouser3 - 2021-05-23 03:52:00 |
| 43 | sparkychap wrote:
Good one, then they said they already had a buyer for your property right? superdave0_13 - 2021-05-23 06:50:00 |
| 44 | superdave0_13 wrote: I actually declined. Wouldn’t list with her agency anyway after the issue of the drunken emails. sparkychap - 2021-05-23 06:59:00 |
| 45 | I am sure she could overlook your ramblings though Sparky, no need to be embarrassed. cinderellagowns - 2021-05-23 08:47:00 |
| 46 | superdave0_13 wrote:
Weren't sold through agents. smallwoods - 2021-05-23 08:51:00 |
| 47 | sparkychap wrote:
Has their estimates, but normally they say "last sold for $/ in ...." smallwoods - 2021-05-23 08:52:00 |
| 48 | smallwoods wrote: Maybe you need to look at other sites. Just because one or two sites don't have it, doesn't mean others don't. sparkychap - 2021-05-23 08:54:00 |
| 49 | cinderellagowns wrote: lol, very good. sparkychap - 2021-05-23 08:54:00 |
| 50 | smallwoods wrote: I think you'll find that it was. sparkychap - 2021-05-23 08:55:00 |
