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Real Estate
Reply to "Recovering from a real estate mistake"
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[quote=Anonymous][quote=Anonymous]I'm very sorry that this happened to you. It's very common that agents encourage people to get into bidding wars that are not based on comps but instead just based on fear of missing out, and it's mostly worked out for buyers because prices have continued to go up (I'm sorry that has not been your experience). But the never-ending price increases will stop at some point, and many more buyers will be in your situation. [/quote] +2000. Agents definitely prey on buyers and encourage them to do things so that they get their commission check as quickly as possible. After all, if the buyers continue to lose bidding wars, the agent gets nothing.[/quote]
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