Poorly executed campaign at the vendors expense.
Should have know the market was on its way down if he actually studies it.Not falsely predict a higher price than expected. You trust your agent to be truthful & you put all faith in what they tell you.I was told anything up to 775 000.I told him I was happy with 750 000.I totally believed in him. I brought the house off him originally & had him rent it out for the 7 yrs that I owned it.So when I'm told not a problem you'll get the 750 000 no worries probably closer to the 775 000.I was stoked.I had the same Tennant's in the property 2 weeks after it settled in march of 2011.They were terrific people & look after the place as if it was their own.I didn't increase there rent For The 1st 4 yrs & their rent only increased by $20.00 by the 7th.The property was put up for sale at the end of Feb 2018.The Tennant's didn't want to chance the property not being picked up as an investment property again and decided to give notice to vacate.So I lost my 520 a week.And was told if I did get someone to rent it while it was on the market I could only get 480.So its on the market with photo's that were used when I purchased the property several yrs before.The 2nd or 3rd open house I'm offered 720 000 but because I trusted what my agent telling me & believing that he has his finger on the pulse I declined it.So it sold several months later for 650 000.Now there were 2 parties that wanted to buy but had to resind.That not being the agents fault.Very dissapoint with the whole ordeal.Had the highest regard for Dave Keenan but now that's all but gone.Your job is to study the market that is your expertise..I know you can't predict exactly when it's going to happen but you have to at least have a little foresight. VERY DISAPPOINTED!!!