Scammed by agent in costa blanca - Page 2

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Scammed by agent in costa blanca - Page 2


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  #11 (permalink)  
Old 11th July 2019, 06:34 PM
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Quote:
Originally Posted by bikerboy123 View Post
tell the truth now, who actually read all that, truth now peeps.
I read most of it, but I'm not selling my house, don't live in that area of Spain and am unlikely to have any dealings with Norwegian nor British estate agents, so didn't need to pore over the details.I don't feel the obligation to read any of the threads on the forum, but read most out of curiosity.
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Originally Posted by Rabbitcat View Post
Personally i feel if they really wanted to heulp others they would have named and shamed those involved
That would have achieved absolutely nothing though Rabbitcat as the mods would have had to remove that post. Naming and shaming is not permitted as its could get the forum into all kinds of legal problems, and it would often lead to rubbish threads that become a series of threats and insults, so there's no point to naming and shaming.

I think the OP did a skillful job of giving plenty of information without giving the actual names and has managed to alert many people of a scam that a fair few people might get pulled into. Well done to her and thanks!!

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  #12 (permalink)  
Old 12th July 2019, 05:10 PM
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A detailed and interesting read especially for novices and a useful reminder to others.
I have to admit, that I too once sold a property in another country and suspected the agent did a similar move, but not being there at the time and with an agreed net price all legally tied up; personally, I could accept that.
I can think of a few far worse scenarios that could pan out........

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Old 13th July 2019, 01:00 PM
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Interesting read, although from my limited viewpoint I can appreciate that the OP feels cheated. But i don't believe its illegal (I could be wrong)

This is quite big business in the US as there are many firms buying property at low prices and 'flipping it' after doing cosmetic upgrades for extra profit. In fact there was (may still be) a TV programme about this.

I can however understand if someone values a property lower than its true worth just to make a fast profit, but it appears that the OP was happy with the amount they got. If anything its the buyer that should be complaining. But if they trusted the agent and used their solicitors etc, they only have themselves to blame.

In fact we looked at a flat in Jan that the agent said was not yet on the market and gave us a price the vendor would be happy with. It was a nice flat but not in the right place. Its now on the open market for about €10,000 more than we were told. So maybe they were trying to make a fast profit.

I spent months looking on the internet at suitable properties from many agents to get a feeling for the value of various properties. And we never met the owners of the flat we now have, so the same could have happened to them. The agent we purchased through is a family friend but i still used an independent solicitor.

We had this happen to us when we lived in west london, The maisonette we owned had a short lease and the agent suggested a lower price so it would sell easier. We agreed as it was enough to cover the mortgage and it was sold that day to a developer friend of the agents. We never met them (now I don't know at what price he paid but I bet it was higher than we got!). Others in the same road were more expensive but ours needed some work doing.

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Old 29th July 2019, 12:41 AM
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I did too. Excellent. Many thanks for taking the time to share. You will have helped a lot of others.

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Old 29th July 2019, 07:54 AM
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In the end, morally it's not much difference to how many used car dealers work.

They buy a car off you for say 2k€, leave it in your name but get you to sign the paperwork for the sale, then the new owner effectively buys it from you at the price that the dealer knocks it on for. Maybe 2,500, or 3k€. You obviously don't see any of that "extra" money.

I think it is simply the case that with a car, we expect it (or at least we see it as normal), but with a house we don't.
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