Most of these recent RE agents are nothing more than white trash trasplants that moved here when RE was “HOT”. Most of these people are cheap car salesman type people. Sure you have the odd nice agent, but these agents and agencies are the reason RE got so out of hand.
I have known a few people that bought their house at the $200-300k range, years ago and wanted to sell. Comps in the areas were around $500-600k. They’d be happy with $500. The agent convinced them to sell for $600k. Well they waited and waited and then POP!, the bubble burst and now they would be lucky to get $500k in that area. Well they shouldn’t have listened to the shill.
Another friend of mine bought right at the peak in 2004. They saw this inland that they liked. The house was on the market for $500k. They had a bank loan approval for $545k. They made an offer for $500k, got countered, so they upped it to $525, got countered again and upped it to $545k. Well they bought it. Guess what? Thier freaking shiller agent told the selling agent that these guys were approved for $545k. They didn’t know that their agent divulged this info until after they closed. The buyer and seller agent are both as crooked as each other.
In the end Raptor. Be glad those houses didn’t fall through. You just proved that you can get a home for $200-400k cheaper. It will only get worst for them and better for you.
