Irish Cream anyone?
By
One of my friends and I have been negotiating on a property which went to auction. There were 2 bidders, one of which was off shore and we were advised we were front of the queue. We made a cash offer and waited for the counter to come. I ended up chasing the agent as there was zero response.
So yesterday the agent rings advising that a third party had made a higher offer so the property was sold.
Unfortunately the agent forgot that his company published all their sales so a couple of hours later we saw that the property had in fact been sold to the off shore offer for less than we would have paid. So the agent lied his head off and didn’t even try to get a good result for the vendor.
Now this is nothing new to me but the surprise was that this is arguably the most reputable company in the industry. Just goes to show that being named after a famous drink still only makes your reputation as good as your employees I guess
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Stay Inspired and Stay Safe ~ Dean Letfus
The Ethical Investor
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