New Video Blog Exposes the Scams of Real Estate Agents

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The Real Estate Helpers recently released a video blog about how real agents scam their clients --exposing “standard operations” that place a caveat on clients’ properties and the effective ways home owners can avoid getting ripped off.

The Real Estate Helpers

The Real Estate Helpers released the informative video to empower home sellers so they will not be lured into the dirty tricks of real estate agents.

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The volatile real estate industry has been a major cause of concern for the last four years. With fluctuating prices (reflected by the RP Data-Rismark daily home value index) leaving very little profit for homeowners, the scams that a lot of real estate agents employ also contribute greatly to the problems of the industry. The Real Estate Helpers, an unconventional real estate agency based in Camberwell, Victoria, recently released a video blog to warn homeowners about the precarious processes that most real estate agents employ to secure their commission despite unsuccessful sale efforts. During this time when a lot of homeowners are “forced” to sell their properties, many of them are easily coerced into the shady methods of real estate agents, thus placing a caveat on their properties.

Lloyd Jenman, the company chief of The Real Estate Helpers provides a clear example of the typical scenario between a homeowner and a real estate agent: “Imagine you sign with an agent after they tell you your property is going to sell for $900,000. ‘No problem,’ says the real estate agent. ‘We’ll definitely get that price, but in order to achieve that result, we need $10,000 dollars in advertising.’ Your real estate agent is certain the price they told you is achievable, so you go for it. Fast forward three months. Your property hasn’t sold. Now your agent tells you your house is now going to sell for a lot less than what he told you at the start. Understandably, you’re not happy, because now you realise your agent only has their interest at heart. They lied to you from the start. So you want to change agents. But you can’t without paying the huge advertising bill. So you do what many home sellers do when in this situation. You cool your heels and you stick with the dud agent.” This method is appropriately called, “handcuffing” – victims testified that the experience truly made them feel chained, helpless and completely ripped off because leaving the agents would require them to pay a big advertising bill.

The Real Estate Helpers released the informative video to empower home sellers so they will not be lured into the dirty tricks of real estate agents. It is the same company that assures homeowners that they can sell without agents despite this trying period for the real estate scene. The company’s site is regularly updated to cater to the varying concerns home sellers have regarding real estate trends. The Warning to Homeowners video is its latest offering.

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