We once had Holly Tsuei as a buying agent, and strongly suggest that any one looking for a buying agent avoid her. Based on our experience, she tried her very best to talk you into buying a house that is priced way too high (if the settlement price is high, she can get more commision and she gets the double benefit of being nice to her colleague who is the selling agent). What’s more, 90% of what she said are lie. For example, she often said that the seller had spent 200,000-300,000 on house improvement and the seller is now selling at a huge loss. She said the floor was made of real wood when it was just some cheap material. From what I heard from a friend, one of her clients bought a house at a price that was higher than the market peak price even when the housing market then had plunged. Even though the seller did not lose, her clients paid too much for the house. Part of her tactic is to threaten that there are other buyers interested in the same house or there are several other offers waiting.
So if you hate agents who cheat and who make profits at the cost of house buyers, avoid her. If you are afraid of buying a very expensive house and end up in foreclosure, avoid her and make her ashamed of what she had done. She may keep talking to you and saying that she never lie or cheat or she always tell her clients what is wrong with the house. But if she is really so good, she does not need to advertise the fact, right?
This post was submitted by LT.