Australian Politics Forum - Poor real estate agents doing it tough !!

Bobby.

Gold Member

Offline

Australian Politics

Posts: 120713
Melbourne
Gender: male

Re: Poor real estate agents doing it tough !!
Reply #45 - Nov 20^th, 2010 at 11:06pm

As you said Nail -
real estate agents are quite happy to sell you some old termite ridden dump,
as long as they get their money.
The government couldn't care less if it ruins your life.
They still get their stamp duty & people still vote for them.

I hope the Greens will do something about it.
Labor & Liberal couldn't care less -
there's not a mention about it at our state election for next weekend.

Back to top

IP Logged

Amadd

Gold Member

Offline

Mo

Posts: 6217

Re: Poor real estate agents doing it tough !!
Reply #46 - Nov 20^th, 2010 at 11:26pm

I think we can blame it on ourselves to a large extent.
Anybody who has played monopoly would realise that you don't buy Mayfair first up.
Unfortunately, too many people think they deserve the right to not only buy Mayfair, they also deserve to fill it with luxurious furnishings.
These people must be allowed to fail and pay the price to those who work from the ground up.
The banks in particular need to be taught a lesson for their irresponsible lending. Nobody has any clout to keep them in order these days.

Back to top

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30923
Gender: male

Re: Poor real estate agents doing it tough !!
Reply #47 - Nov 20^th, 2010 at 11:57pm

Amadd wrote on Nov 20^th, 2010 at 11:26pm:

I think we can blame it on ourselves to a large extent.
Anybody who has played monopoly would realise that you don't buy Mayfair first up.
Unfortunately, too many people think they deserve the right to not only buy Mayfair, they also deserve to fill it with luxurious furnishings.
These people must be allowed to fail and pay the price to those who work from the ground up.
The banks in particular need to be taught a lesson for their irresponsible lending. Nobody has any clout to keep them in order these days.

Then they should have been allowed to fail 3 years ago before Dudd reinflated the property bubble by tripling the first home buyers scam Sad

Back to top

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

IP Logged

Amadd

Gold Member

Offline

Mo

Posts: 6217

Re: Poor real estate agents doing it tough !!
Reply #48 - Nov 21^st, 2010 at 12:58am

Quote:

Then they should have been allowed to fail 3 years ago before Dudd reinflated the property bubble by tripling the first home buyers scam

I agree, first homebuyers is akin to quanttive easing in most respects.

The difference is that it is a leg up for those renting and finding it hard to accrue a deposit where quantative easing basically donates money to the banks where execs. will pilfer money from the taxpayers to feather their nest some more.
If the banks aren't allowed to go broke, then the system is stuffed.

Back to top

IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 120713 Melbourne Gender:	Re: Poor real estate agents doing it tough !! Reply #49 - Nov 21^st, 2010 at 6:23am Amadd. Quote: If the banks aren't allowed to go broke, then the system is stuffed. We don't need banks going broke either. I'd certainly like to see some real estate agents punished for selling customers termite ridden old dumps.
Back to top	IP Logged

mantra

Gold Member

Offline

ozpolitic.com

Posts: 10750
Gender: female

Re: Poor real estate agents doing it tough !!
Reply #50 - Nov 21^st, 2010 at 7:47am

Quote:

I'd certainly like to see some real estate agents punished for selling
customers termite ridden old dumps.

The purchaser is supposed to check out all those sort of problems before settlement of the property. If there are termites - then the pest control company was negligent in its reporting.

I sold a property in a predominantly Italian area years ago and I know the agent ripped me off. It was at the start of the boom and the purchasers on the contract were Italian. About a year after the property was vacated - neighbours told me that the purchasers weren't Italian, but English with a name to match, which makes me believe that a member of the agent's family brought it and then resold it shortly after for a profit as well as their outrageous fees. This was a scam going around at the time - but very difficult to prove.

If I had to do it again - I wouldn't employ an agent.

Back to top

IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 120713 Melbourne Gender:	Re: Poor real estate agents doing it tough !! Reply #51 - Nov 21^st, 2010 at 8:19am The point is that Real Estate agents should be forced to provide certificates that the place is free of termites.
Back to top	IP Logged

bwood1946

Gold Member

Offline

Australian Politics

Posts: 1598
Gender: male

Re: Poor real estate agents doing it tough !!
Reply #52 - Nov 21^st, 2010 at 9:31am

[quote author=bobbythebat1 link=1290126855/45#51 date=1290291569]The point is that Real Estate agents should be forced to
provide certificates that the place is free of termites.

[/qu

that purchasers should get checks done before they purchase a property, only a fool would purchase something without having it checked

Angry

Back to top

TPI VETERAN

IP Logged

bwood1946

Gold Member

Offline

Australian Politics

Posts: 1598
Gender: male

Re: Poor real estate agents doing it tough !!
Reply #53 - Nov 21^st, 2010 at 9:36am

mantra wrote on Nov 21^st, 2010 at 7:47am:

Quote:

I'd certainly like to see some real estate agents punished for selling
customers termite ridden old dumps.

The purchaser is supposed to check out all those sort of problems before settlement of the property. If there are termites - then the pest control company was negligent in its reporting.

I sold a property in a predominantly Italian area years ago and I know the agent ripped me off. It was at the start of the boom and the purchasers on the contract were Italian. About a year after the property was vacated - neighbours told me that the purchasers weren't Italian, but English with a name to match, which makes me believe that a member of the agent's family brought it and then resold it shortly after for a profit as well as their outrageous fees. This was a scam going around at the time - but very difficult to prove.

If I had to do it again - I wouldn't employ an agent.

Did you check how much properties were selling for in the area.
Were you happy with the price the agent got.
Did you sign a contract when he sold it
. So, you were happy with the deal size stop whingeing you people give me the sheets

Grin

, you're never happy unless you're being hand fed

Grin

Back to top

TPI VETERAN

IP Logged

mantra

Gold Member

Offline

ozpolitic.com

Posts: 10750
Gender: female

Re: Poor real estate agents doing it tough !!
Reply #54 - Nov 21^st, 2010 at 10:11am

It was the first house I had sold. There probably was ignorance on my part - but there was also a lot of pressure from the agent and extenuating circumstances. I wasn't happy with the price - but capital gains tax was looming. Buying or selling a home is very stressful and this is when estate agents hone in for the kill.

Quote:

stop whingeing you people give me the sheets

No-one is whinging - just telling the way it happened. This thread is about real estate agents isn't it? They charge a huge commission and it's their obligation to do the best deal they possibly can for their client. Sometimes we only find out they haven't - after the fact.

You give me the sheets also. Angry

Back to top

IP Logged

bwood1946

Gold Member

Offline

Australian Politics

Posts: 1598
Gender: male

Re: Poor real estate agents doing it tough !!
Reply #55 - Nov 21^st, 2010 at 10:32am

mantra wrote on Nov 21^st, 2010 at 10:11am:

It was the first house I had sold. There probably was ignorance on my part - but there was also a lot of pressure from the agent and extenuating circumstances. I wasn't happy with the price - but capital gains tax was looming. Buying or selling a home is very stressful and this is when estate agents hone in for the kill.

Quote:

stop whingeing you people give me the sheets

No-one is whinging - just telling the way it happened. This thread is about real estate agents isn't it? They charge a huge commission and it's their obligation to do the best deal they possibly can for their client. Sometimes we only find out they haven't - after the fact.

You give me the sheets also. Angry

'
commissions are negotiable it's up to you how much you pay

; Grin

D , and if you're not happy with that go to another agent

Grin

Back to top

TPI VETERAN

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30923
Gender: male

Re: Poor real estate agents doing it tough !!
Reply #56 - Nov 21^st, 2010 at 11:50am

bwood1946 wrote on Nov 21^st, 2010 at 9:36am:

mantra wrote on Nov 21^st, 2010 at 7:47am:

Quote:

I'd certainly like to see some real estate agents punished for selling
customers termite ridden old dumps.

The purchaser is supposed to check out all those sort of problems before settlement of the property. If there are termites - then the pest control company was negligent in its reporting.

I sold a property in a predominantly Italian area years ago and I know the agent ripped me off. It was at the start of the boom and the purchasers on the contract were Italian. About a year after the property was vacated - neighbours told me that the purchasers weren't Italian, but English with a name to match, which makes me believe that a member of the agent's family brought it and then resold it shortly after for a profit as well as their outrageous fees. This was a scam going around at the time - but very difficult to prove.

If I had to do it again - I wouldn't employ an agent.

Did you check how much properties were selling for in the area.
Were you happy with the price the agent got.
Did you sign a contract when he sold it
. So, you were happy with the deal size stop whingeing you people give me the sheets

Grin

, you're never happy unless you're being hand fed

Grin

Listen dagwood, instead of being an apologist for real estate scammers why don't you read Neil Jenams book "Don't sign anything" which will explain to you all of the tricks those thieving, lying pieces of shite get up to Sad

Real estate agents will tell you any lies just to get their commission out of you. It's all about their commission Sad

They are still lying today about how there is no bubble and you should sign on the dotted line and get ripped off RIGHT NOW !!

Back to top

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 120713 Melbourne Gender:	Re: Poor real estate agents doing it tough !! Reply #57 - Nov 22^nd, 2010 at 5:20pm Hi Everyone, Don't miss Today Tonight at 6.30pm - TONIGHT - channel 7. You'll see what some people have bought - termite infested dumps.
Back to top	IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30923
Gender: male

Re: Poor real estate agents doing it tough !!
Reply #58 - Nov 22^nd, 2010 at 5:41pm

Bobby. wrote on Nov 22^nd, 2010 at 5:20pm:

Hi Everyone,
Don't miss Today Tonight at 6.30pm - TONIGHT - channel 7.

You'll see what some people have bought -
termite infested dumps.

After he as done his money nobody wants to know the dude. He only found out about the termites after removing the kitchen. Gizmo expects the average punter to be able to do this Sad

But of course what is more important is that somebody made money out of him by selling him a lemon Sad

Back to top

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

IP Logged

Gordon

Gold Member

Offline

Australian Politics

Posts: 21872
Gordon
Gender: male

Re: Poor real estate agents doing it tough !!
Reply #59 - Dec 3^rd, 2018 at 8:41pm

Sir lastnail wrote on Nov 19^th, 2010 at 10:34am:

Don't you just feel sorry for real estate agents doing it tough because the banks have scared off the punters who no longer want to participate in this debt fueled property bubble

LOL

Don't you just feel sorry that they are finding it hard to scalp their commissions from people who have to borrow the lot from a bank and no longer want to

LOL

And the lying real estate agents kept telling us that there was a shortage of property !! Doesn't seem like it now Wink

Where have all the buyers gone...far far away....

LOL

http://www.heraldsun.com.au/news/victoria/banks-gatecrash-spring-property-season...

Quote:

Banks gatecrash spring property season with interest rate rises

IT'S not just the Christmas spirit that greedy bank bosses have ruined - Melbourne's property market is also suffering from super-sized interest rate rises.

The weekend auction clearance rate limped to 61 per cent as rain and more home loan pain thinned crowds and cautious buyers refused to pay inflated prices.

The sluggish results followed NAB and Westpac joining the Commonwealth and ANZ's giant rate hikes above the Reserve Bank's Melbourne Cup move.

Real Estate Institute of Victoria spokesman Robert Larocca said the banks had gatecrashed the normally buoyant spring season.

"Their action has reduced confidence with home buyers and created uncertainty at the busiest time of year," Mr Larocca said.

The Commonwealth lifted standard variable rates by 0.45 percentage points, the NAB (0.43), ANZ (0.39), and Westpac (0.35) compared with the RBA's 0.25 per cent rise, adding $70-$90 a month to a typical $300,000 loan.

Mr Larocca said confused buyers and vendors no longer knew when rates would rise and by how much, as banks increasingly moved out of step with Reserve Bank changes.

The Greens will try to force the banks to limit rate hikes to official adjustments for two years under proposed legislation to be introduced into Parliament this week.

Greens Leader Bob Brown said he hoped to get Opposition support from Joe Hockey.

Mr Hockey said he was "not about any controls" on the banks themselves and would instead introduce legislation this week to stop banks telegraphing rate shifts to rivals through the media.

Auction clearances were marginally up compared with 59 per cent the weekend earlier. Most of the 328 properties that passed in did so on vendor bids.

The results follow four months of clearances around 68 per cent.

Mr Nail, had you purchased a house when you were banging on about property in this thread, you'd have doubled your money. Cheesy

Back to top

IBI

IP Logged