Rethink Real Estate

In this episode of Rethink Real Estate, host Ben Brady delves into a troubling trend affecting today's housing market: buyer's agents submitting overinflated offers laden with contingencies. Ben discusses the tactics where agents encourage clients to bid significantly above asking price, only to attach a string of contingencies that delay the closing process and, in most cases, derail the sale entirely and fall out of escrow at a later date. This practice not only frustrates sellers but also skews their expectations about the value of their home, leading to prolonged days on the market and, ultimately, a lower final sale price. Ben shares a firsthand account of a transaction where sellers were enticed by an unrealistic high offer, overlooked a solid before auction offer, and ended up losing $10,000 on their home sale due to these Buyer Agent tactics.