Why NOT to use a selling agent to do your bidding at auction!

Discussion in 'The Buying & Selling Process' started by Jacque, 20th Mar, 2017.

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  1. Jacque

    Jacque Well-Known Member Premium Member

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    As independent buyers' agents, we often get asked the question
    "Why shouldn't I use a (selling) agent to bid for me at auction? After all, they said they'd do it for free and you're going to charge me"

    I think this recent blog by a high profile Sydney selling agent answers it all really.... I have removed her personal details for identification purposes however it goes to demonstrate the importance of engaging an advocate who is on YOUR side, as buyer, rather than the vendor's agent (whose interests are obviously in direct conflict as they are being paid by the vendor) Nothing more to say here really....
    Otherpeoplesmoney.png
     
    Jacque, 20th Mar, 2017
    #1
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  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker Business Member

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    Friggen hell!
     
    Terry_w, 20th Mar, 2017
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  3. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    It's like leaving Dracula in charge of the blood bank.
     
    Propertunity, 20th Mar, 2017
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  4. Big Will

    Big Will Well-Known Member

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    [​IMG]

    I see no problem here :rolleyes:
     
    Big Will, 20th Mar, 2017
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  5. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker Business Member

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    Can't believe they actually posted that in public!
     
    Terry_w, 20th Mar, 2017
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  6. Anthony Brew

    Anthony Brew Well-Known Member

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    That's sickening to read.

    Not sure why this person's right to privacy overrides other peoples right to know the truth to avoid being taken advantage of.

    In any case, thanks for posting it for educational purposes.
     
    Anthony Brew, 20th Mar, 2017
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  7. Perthguy

    Perthguy Well-Known Member

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    And then said "if you ever need help bidding at auction, please call me". Err... no thanks! o_O
     
    Perthguy, 20th Mar, 2017
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  8. wylie

    wylie Moderator Staff Member

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    Why would anyone put that on a blog? That's crazy (and quite disgusting).
     
    wylie, 20th Mar, 2017
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  9. kierank

    kierank Well-Known Member

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    Can someone PM her name and contact details please.

    I might be selling a property at auction next year. I could use a firm like that as selling agent :) :).
     
    kierank, 20th Mar, 2017
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  10. Cactus

    Cactus Well-Known Member

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    And that's exactly why she posted it.
     
    Cactus, 20th Mar, 2017
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  11. Gockie

    Gockie Unicycle everywhere... except after ankle surgery Premium Member

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    Omg
     
    Gockie, 21st Mar, 2017
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  12. Xenia

    Xenia Well-Known Member

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    lol
     
    Xenia, 21st Mar, 2017
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  13. Wendy Chamberlain

    Wendy Chamberlain Well-Known Member

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    Looks like she has put it out in her weekly property report to her database, so open slather regarding privacy I'd say.

    Very disrespectful behavour to her "client". As @Cactus and @kierank point out, she's hoping for people to give her a property to sell.
     
    Last edited by a moderator: 3rd Apr, 2017
    Wendy Chamberlain, 1st Apr, 2017
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  14. Joseph

    Joseph Well-Known Member

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    Joseph, 1st Apr, 2017
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  15. Perthguy

    Perthguy Well-Known Member

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    It's publicly posted information. There is no expectation of privacy.
     
    Perthguy, 1st Apr, 2017
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  16. Anthony Brew

    Anthony Brew Well-Known Member

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    Wow.

    Am I wrong to start thinking that any assumption that a big chain is less likely to engage in dodgy behaviour for the sake of avoiding their name being tarnished is a very incorrect assumption when it comes to real estate agencies?
     
    Anthony Brew, 1st Apr, 2017
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  17. neK

    neK Well-Known Member

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    That's interesting... I just spoke to another agent earlier in the week about a property in strathfield. This agent said the only chance I had of securing a property around the low $2m was to find a property that was being sold by an out of area agent who had no idea.

    She gave me an example of a "low price"
    1 Howard Street, Strathfield, NSW 2135 - Property Details
    ($2.24m)


    That property was sold by Irene panas. Looks like she's isn't as good as she makes herself sound.

    As a comparison, another house in strathfield (350sqm) was sold for $2.31m at auction this morning - though this was 1.2km from the station.
     
    neK, 1st Apr, 2017
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  18. Perthguy

    Perthguy Well-Known Member

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    Definitely an incorrect assumption.
     
    Perthguy, 2nd Apr, 2017
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  19. MikeyBallarat

    MikeyBallarat Well-Known Member

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    Ugh...I'm sickened. Ive got no respect for people that ever refer to anybody else as 'easy', no matter what the context.
     
    MikeyBallarat, 2nd Apr, 2017
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  20. Lil Skater

    Lil Skater Well-Known Member Business Member

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    upload_2017-4-3_12-16-48.png


    The sad part is people are still stupid enough to believe this fruit loop is going to work for them!
     
    Lil Skater, 3rd Apr, 2017
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