Episode 91: Fictitious Buyers – Exposing Real Estate's Dirty Tricks

Hosts Ciaran O'Brien and Peter O'Malley uncover the deceptive use of “fictitious buyers” by agents—an unethical tactic designed to pressure genuine buyers into overpaying. Peter explains how this differs from the previously discussed “phantom buyer” strategy, and outlines how buyers can protect themselves from falling victim to false competition.We also cover:Why written confirmation from agents is crucialThe legal implications under consumer lawThe importance of understanding where an agent’s duty of care liesOngoing vendor hesitation ahead of expected August rate cutLow stock levels contributing to increased auction competitionClearance rates rising to 55.4% as market momentum buildsSend us Fan MailAs always if there is a specific topic you would like for us to cover, please reach out and let us know!