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 crucial
• The legal implications under consumer law
• The importance of understanding where an agent’s duty of care lies
• Ongoing vendor hesitation ahead of expected August rate cut
• Low stock levels contributing to increased auction competition
• Clearance rates rising to 55.4% as market momentum builds

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As always if there is a specific topic you would like for us to cover, please reach out and let us know!