'That was the last we saw of Paul:' New homeowners thwart greedy real estate agent's plan by making him lose his $20,000 commission

Advertisement
  • 01
    Cheezburger Image 10510670592
  • 02
    A while back my wife and I decided to downsize and so we were out there dealing with those bastions of honesty, real estate agents, on a
  • 03
    weekly basis. We attended an open home for an apartment that we fell in love with, and after
  • 04
    another arranged viewing, we made an offer with the agent Paul.
  • 05
    Now Paul was your stereotypical agent, sharply dressed, talkative. and smarmy with an attractive assistant to hand out the brochures.
  • 06
    But he had the listing for what we wanted so there was no avoiding him. Our initial under listing price offer was refused with a counter offer which we
  • 07
    thought was over the odds. But we wanted it badly and as we were downsizing the extra $20000 or so was not a strain. We agreed to the price on the strict proviso
  • 08
    that the impending open house for the weekend did not proceed as we didn't want to run the risk of someone throwing in a higher offer. Contracts
  • 09
    were to be exchanged on the Monday. This was agreed to by Paul.
  • 10
    Cheezburger Image 10510671104
  • 11
    I drove past at the time of the open house, just to check out the neighbourhood again and saw signs out. The lying bi rd! So being petty
  • 12
    we went up to the apartment, said hello to Paul and Jackie who were a little surprised to see us, and then proceeded
  • 13
    to follow around any visitors and point out the deficiencies as we saw them. We also monopolised Paul and Jackie's anytime people
  • 14
    were angling to chat to them. They couldn't fob us off, we were buyers.
  • 15
    We were the first in and the last out. 10 groups left knowing every fault in the apartment, the area and with the complex.
  • 16
    I was ped but kept it amicable because this was exactly what we wanted and I didn't want to jeopardise the purchase. Through
  • 17
    gritted teeth we liaised with Paul and exchanged contracts on the Monday as planned.
  • 18
    But the best part was to come. As down-sizers we had a house to sell, almost double in price to the unit we just purchased. The property
  • 19
    we bought was tenanted so we had six months until we could get vacant possession which suited us as we could get our old home ready for sale.
  • 20
    Of course, Paul was keen to get our listing and was on to it straight away. I didn't discourage him and actually got him around
  • 21
    to look at our old home to recommend improvements we should do before listing the property for sale. He was
  • 22
    only too happy and came up with a detailed plan for us and came and presented to us in a professionally done package. He followed up every month asking for updates.
  • 23
    It took us 5 months of work to get it ready to list. We phoned Paul to come out and have a look
  • 24
    at the property ready for sale. He turned up and was blown away by the improvements and you could almost see him salivating to have this listing. He arrived with
  • 25
    comparable sales and a price in mind and did pressure me to sign listing documents then and there. But I made the excuse that my wife was away for the next couple
  • 26
    of days (she wasn't) and there was no way I could agree to a listing price and sign documents without her. We made an appointment for later in the week.
  • 27
    And that was the last we saw of Paul in person. Our listing with another agent went live on the property websites two
  • 28
    days later, and the first person I forwarded the advertisement to was Paul. I simply said that this was a direct result of lying to us about cancelling the open house and that we
  • 29
    couldn't reward someone who did that to us. We got an offer that we couldn't refuse on the very first open house.
  • 30
    The new agent pocketed just over $20000 in commission. Probably loose change too agents but it wasn't Paul's loose change at least.

Tags

Scroll Down For The Next Article