The Real Estate Information Centre Sign in | Join | Help

estate agent lied

Last post 01-23-2012, 3:31 PM by valerie thomas. 5 replies.
Sort Posts: Previous Next
  •  03-19-2011, 2:38 AM 8756

    estate agent lied

     we have just exchanged contracts with a purchaser of our house, agent said it was unconditional, explained about section 27. and how to draw the 10% deposit finance was in place for the purchasers. this is the first time we have ever sold a house and believed that the agent was working for us. the house was taken off the market, listed as sold on the internet, open day cnc due to sale. then 3 weeks later agent phoned to say that purchasers couldn't get all the finance, they were 80,000.00 short. i mentioned that the contract was unconditional as she had said, but she had lied and was now saying it was subject to finance and the purchasers had not paid the 10% deposit. i hadn't checked, i had asked her all these questions and she had answered, i trusted her!. now my house has to be relisted and people are going to think there is something wrong with it. should it have been put as sold?  should it not have been sold subject to finance and the open house still to go ahead? any other potential buyers will have moved on. i think i should have some recompense here. i told the agents that i was going to go elsewhere as it had been with them sometime, the very next day the board was gone from the front. but my house has been   listed as sold on their web site for all this time. has this happened to anybody else and who do i ask to find out the rules of this?

  •  03-23-2011, 3:20 PM 8770 in reply to 8756

    Re: estate agent lied

    That is horrendous; unfortunately dodgy estate agents are more common than you would think. When buying or selling a house you need to do your homework. Reputation means a lot in this industry. I deal with www.getahome.com.au, they take care of my property portfolio and all my loans, I am happy with them and that is why I go back to them.

    I called a real-estate agent to view a property and was told that it had already been sold; the agent did not know that I knew the owner and the property hadn’t been sold. It turns out that the agent was just knocking back offers and had intentions of buying the property at a discount because as far as the owner knew – they had received no offers. 

    Find an agent you trust, and then keep them. Like a good hairdresser I guess.

  •  05-03-2011, 9:07 PM 8863 in reply to 8756

    Re: estate agent lied

    Your solicitors has to answer to you not the agent.
  •  11-12-2011, 1:00 AM 9119 in reply to 8863

    Re: estate agent lied

    heard that story before and that's a bad sign, I agree with reallen that the responsibility is on the solicitor.
  •  11-12-2011, 1:08 AM 9120 in reply to 8863

    Re: estate agent lied

    I have heard that same story before and I agree with reallen, that the responsibility is on the solicitor.
    Filed under:
  •  01-23-2012, 3:31 PM 9148 in reply to 8756

    Re: estate agent lied

    I reckon we all need to make a colplaint with the realestate instute for not offering some space in the contract where a seller can state what has been agreed by themselves and the agent, prior to signing.

    Why the institute has chosen to offer us this, boggles my mind. It's time to have our contracts updated, so please make a complaint.

     

     

     

    Valerie.

View as RSS news feed in XML
Creative Commons License Powered by Community Server, by Telligent Systems

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 2.5 License.