I think my buyers agent hustled me and did not act in my best interest.

[Anonymous]

Anonymous wrote:She thinks she was hustled with no explanation of what happened, lol.

+1

[Anonymous]

Anonymous wrote:Honestly, it's nearly impossible to decipher all that paperwork and fees and taxes and everything else you're forced to sign at closing. It's very common for a realtor to push you toward a certain title insurance company, home inspector, etc. and even try to lead you to a specific lender and homeowners insurance company. They may get commissions (kickbacks) from those companies for leading customers to them. It's all a racket but remember that the homebuyer is the only real source of money in the transaction so they are the ones who get jerked around the most.

I have been through three real estate closings with my husband and recently sold my mother's house. Each time, I asked that documents be sent to me in advance. Each time, I read through them and either asked my agent or the title company to clarify anything I saw. With the last transaction, the listing agent provided a good deal of really useful information.

Preparation is key to not being flustered in a situation.

[Anonymous]

Anonymous wrote:I thought we overpaid by about $10k when we bought our house in 2017. In hindsight it’s laughable, as the house has gone up about $250k in value, and it’s a beautiful home that we were lucky to get.

If you’ve got a good home, just count your blessings and let the rest go.

+2

[Anonymous]

Anonymous wrote:Honestly, it's nearly impossible to decipher all that paperwork and fees and taxes and everything else you're forced to sign at closing. It's very common for a realtor to push you toward a certain title insurance company, home inspector, etc. and even try to lead you to a specific lender and homeowners insurance company. They may get commissions (kickbacks) from those companies for leading customers to them. It's all a racket but remember that the homebuyer is the only real source of money in the transaction so they are the ones who get jerked around the most.

What are you talking about? There’s nothing more straightforward or standard than a real estate closing? What confuses you?

[Anonymous]

Anonymous wrote:I thought we overpaid by about $10k when we bought our house in 2017. In hindsight it’s laughable, as the house has gone up about $250k in value, and it’s a beautiful home that we were lucky to get.

If you’ve got a good home, just count your blessings and let the rest go.

You just got lucky with timing; it had nothing to do with your agent. If you buy a house now and overpay, you probably will not break even for at least 10 years.

[Anonymous]

The problem is that your interest and a buyer agent's financial interest are different. A buyer agent's financial interest is actually to have you pay more because they get more commission. I liked the buyer agent that we used but I sensed this conflict when we were bidding on our house. For the house we ended up buying, it came down to us and another potential buyer. We put a line in the sand and said we won't pay more than $X. The buyer agent acted as if we had no chance of buying the house if we didn't raise the price. We ignored our buyer agent and stuck with the limit we decided on and we won the bid, in spite of the buyer agent's bad and clearly conflicted advice. It actually turned out that we won despite not having the highest bid (though we were very close) because we had waived all contingencies and had flexibility on the move-in date.

[Anonymous]

Anonymous wrote:Is there any recourse?

How do you expect anyone to help you when you've given us ZERO context??

[Anonymous]

Anonymous wrote:

Anonymous wrote:I thought we overpaid by about $10k when we bought our house in 2017. In hindsight it’s laughable, as the house has gone up about $250k in value, and it’s a beautiful home that we were lucky to get.

If you’ve got a good home, just count your blessings and let the rest go.

You just got lucky with timing; it had nothing to do with your agent. If you buy a house now and overpay, you probably will not break even for at least 10 years.

I agree that we got lucky with the timing, but the point is that we landed in a good home when the market was very tight and over time that $10k is pretty meaningless.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Honestly, it's nearly impossible to decipher all that paperwork and fees and taxes and everything else you're forced to sign at closing. It's very common for a realtor to push you toward a certain title insurance company, home inspector, etc. and even try to lead you to a specific lender and homeowners insurance company. They may get commissions (kickbacks) from those companies for leading customers to them. It's all a racket but remember that the homebuyer is the only real source of money in the transaction so they are the ones who get jerked around the most.

I have been through three real estate closings with my husband and recently sold my mother's house. Each time, I asked that documents be sent to me in advance. Each time, I read through them and either asked my agent or the title company to clarify anything I saw. With the last transaction, the listing agent provided a good deal of really useful information.

Preparation is key to not being flustered in a situation.

+1 We're buying a second home now, and our agent sent us all of the paperwork beforehand (when we started to get more serious about the purchase).

[Anonymous]

Here are some things she did:

-tried for a year to sell me a house that was above my budget and that she knew needed $50K septic system replaced (didn’t tell me that part until after it was sold to someone else)
-told me I’m the first person who has ever actually read the entire offer contract
-told me things missing from sellers disclosure (incl age of water heater and whether ac was working) were nbd
-told me basement moisture evidence was nbd.
-told me loose stair pavers were nbd
-scheduled walkthrough an hour before closing
-did not recommend an escrow for these and other things wrong I noticed that weren’t in the disclosure or inspection
-told me if I didn’t close over these things I’d lose my whole deposit

I found the house myself and she was in it for ten minutes without me once and then only at the walkthrough. On her advice I bid $100K over ask with $50k deposit, no inspection or contingencies and 30d close.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well duh. That's 99% of all agents, OP. You should know this, and not get pushed into decisions you don't really want to make. The person signing is you, so ultimately, the responsibility falls on YOU.

+1 Realtors look out for themselves and it's a very corrupt industry. I'm sorry. I've been conned by realtors too and just recently narrowly missed being scammed again. Do your research and make the best decision for yourself. You can't trust anyone in the process except yourself.

As for recourse, it's impossible to say without knowing the issue. Most likely there's no recourse though.

How were you conned by realtors?

This has been multiple realtors for us, not just one:
- Convinced us to list our house for a lower price, telling us list price didn't matter because buyers would escalate above list. This wasn't true during that market.
- Telling us problems with homes we saw weren't really a problem or they were easy and cheap fixes. Not true.
- Giving us a recommended list price a couple hundred thousand below market value. Found out later this agent has a history of doing this then their relative is poised to make an offer the first day. Different last names so you'd never know. Luckily we figured this out right before signing the listing agreement. I'm still thankful for the people in the neighborhood who I had never previously met who warned us. I just happened to meet them in the neighborhood right as this was happening. They saved us from being swindled out of $$$.
- Many more lies. This is just how this field is.

[Anonymous]

Anonymous wrote:Here are some things she did:

-tried for a year to sell me a house that was above my budget and that she knew needed $50K septic system replaced (didn’t tell me that part until after it was sold to someone else)
-told me I’m the first person who has ever actually read the entire offer contract
-told me things missing from sellers disclosure (incl age of water heater and whether ac was working) were nbd
-told me basement moisture evidence was nbd.
-told me loose stair pavers were nbd
-scheduled walkthrough an hour before closing
-did not recommend an escrow for these and other things wrong I noticed that weren’t in the disclosure or inspection
-told me if I didn’t close over these things I’d lose my whole deposit

I found the house myself and she was in it for ten minutes without me once and then only at the walkthrough. On her advice I bid $100K over ask with $50k deposit, no inspection or contingencies and 30d close.

Yup, this is how 99% of realtors operate.

[Anonymous]

Small claims court but this is depending on what she/they did to you and do you have solid proof of it. You can get a consultation for a lawyer. It would be helpful if you told us the gist of the situation. But I do belive they're doing some crazy shady things right now as I've seen it with my own two eyes.

[Anonymous]

Anonymous wrote:Small claims court but this is depending on what she/they did to you and do you have solid proof of it. You can get a consultation for a lawyer. It would be helpful if you told us the gist of the situation. But I do belive they're doing some crazy shady things right now as I've seen it with my own two eyes.

These are not not small claims numbers.

[Anonymous]

Anonymous wrote:Here are some things she did:

-tried for a year to sell me a house that was above my budget and that she knew needed $50K septic system replaced (didn’t tell me that part until after it was sold to someone else)
-told me I’m the first person who has ever actually read the entire offer contract
-told me things missing from sellers disclosure (incl age of water heater and whether ac was working) were nbd
-told me basement moisture evidence was nbd.
-told me loose stair pavers were nbd
-scheduled walkthrough an hour before closing
-did not recommend an escrow for these and other things wrong I noticed that weren’t in the disclosure or inspection
-told me if I didn’t close over these things I’d lose my whole deposit

I found the house myself and she was in it for ten minutes without me once and then only at the walkthrough. On her advice I bid $100K over ask with $50k deposit, no inspection or contingencies and 30d close.

Wow she harpooned a whale. Do you know what an "escalation" clause is?