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Agents Who Promise Exaggerated Prices

by Gary Kent / Saturday, 22 October 2011 / Published in Home Selling, San Diego

“Gary, we talked to you in July, but listed our Pacific Beach home on XXXXX Street with another agent because she promised us a higher price. It’s not selling and we realize our agent lied to us about the price just to get our listing. I’m surprised she’s so unethical, working at such a reputable firm. What can we do to cancel our listing and hire you?”

Answer:
Sorry to hear about your plight.

My greatest frustration as a Realtor is when I lose a client (and the client loses too) to an agent who exaggerates the price to dupe a client into a listing.

It creates unrealistic expectations and, because the high price scares off potential buyers, leads to a longer market time and lower price, if the home sells at all.

For your situation, unless you had the agent write in a clause letting you cancel the contract if you’re unhappy, your only option is to ask her to cancel. If she refuses, ask her broker or manager.

If they refuse, you’re out of luck.

Regarding her being with a reputable firm, you’re marginally safer using an agent with a known and trusted firm, but it’s certainly no guarantee.

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Tagged under: ask gary kent, real estate agents, real estate listings, san diego, san diego home sale, san diego real estate

About Gary Kent

Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

What you can read next

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