- Jordan Bulmer, 30, works as an agent in the NSW Central Coast region.
- He criticized fake tactics that some in the field employ.
- READ MORE: Real estate auctioneer's "embarrassing" video on nonverbal communication
A property agent has criticized the 'false' methods employed by certain professionals in the field, resulting in Australians having a negative view of the industry.
Jordan Bulmer,30, works as a sales representative at McGrath in Terrigal, on theNSWCentral Coast, and he is determined to reveal some of the despised methods employed by his peers.
First and foremost, the representative began toTikTokto tackle the 'false offer' approach. He criticized the method as being more commonly employed by certain individuals in the sector to inflate a property's value.
Mr. Bulmer stated he's "not interested in this" as he criticized those who employ this approach.
"The moment a person submits an offer, there's suddenly another one on the table; I'm not sure why agents do that," he said.
If someone approaches me and asks, 'Has there been an offer on the house?' and there hasn't, I respond, 'No, there hasn't.' I haven't encountered the suitable buyer, and not every property needs to have an offer.
Mr. Bulmer mentioned that he would subsequently review the possibilities with his client if they showed interest in purchasing the property.
He mentioned he would like to discover a price that "makes everyone satisfied" and cautioned other agents about "false deals."
The agent received a large number of messages from Australians who have experienced this dishonest method.
One commented: "We had an agent attempt that fraud, so we told the specific agent to go ahead and sell it to them."
Then for the next few days, they kept calling, urging us to proceed with the sale. We ended up blocking their number.
I had this," another person agreed. "I placed an offer and was informed there was a higher one. It kept saying 'Outbid.' That was the first time I was scammed by an agent.
Strangely enough, after about a week when I figured out what was happening and withdrew. I received a call asking if I was still interested at my previous offer amount. No way.
Another person wrote: "I submitted an offer, and the agent mentioned there were two other buyers, so I kept increasing my bid, and they kept raising the stakes until I said I'm done."
They call back the following day, stating that the other buyers have backed out, so do you want the property? Yeah, no, I'll pass, thanks.
Mr. Bulmer stated that there is "no necessity" for agents to employ "false" methods while marketing a home.
"I don't understand why certain agents perform actions that really annoy people. I simply can't grasp it," he said. news.com.au.
Like, as if real estate agents, after all this time, can't realize that people are aware they're playing games. It sometimes amazes me.
I consider it a foolish action, yet it occurs frequently.
Mr. Bulmer mentioned that he is striving to demonstrate to his clients that they can rely on him by maintaining openness, and he hopes to prove that not every real estate agent employs dishonest methods to complete a sale.
Another real estate agent and auctioneer, Tom Panos, expressed agreement that deceptive methods are not required and only harm the industry's image.
He highlighted the strategy of "catfish homes," where real estate agents display altered photos of houses on their website listings to enhance their appearance compared to the actual properties.
A real estate agent has an ethical obligation to secure the highest possible price for the seller, who is their client and pays them. Therefore, it's truly a case of 'buyer beware,' he stated.
An alternative strategy he mentioned involved visiting a street where an auction is scheduled to occur and encouraging nearby residents to come by on the auction day, creating the impression that the property is in high demand.
In the same way, when purchasers sign up to participate in the auction, they could be assigned bid numbers that are greater than those of the real bidders.
"So rather than one, two, three, they could say 10, 11, 12," he said.
He advised purchasers to conduct their own investigations prior to finalizing a property purchase by reviewing similar prices on real estate platforms such as Corelogic and seeking advice from building inspectors who can identify any issues.
People frequently invest more time researching when planning a trip or purchasing a vehicle than they do when buying a house.
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