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Real Estate Tactic Costs Sellers Thousands: The Hidden Risk of 'I Have a Buyer'

Real estate agents use 'I have a buyer' tactics that cost sellers up to $170,000. Learn how limited exposure and commission cuts hide financial losses in home sales.

This news matters because it exposes a common but costly real estate practice that can financially harm homeowners, especially in a market where maximizing sale proceeds is crucial. Many sellers, lured by the promise of quick sales and commission savings, may unknowingly accept offers far below what competitive bidding could yield, potentially losing hundreds of thousands of dollars. Understanding these tactics empowers sellers to make informed decisions, demand full market exposure, and avoid being swayed by short-term gains that undermine long-term financial security. It highlights the importance of ethical agent practices and transparency in an industry where trust is paramount, ultimately protecting consumers from predatory strategies that prioritize agent profits over seller interests.