#3 of 7 Ways Agents Lie With The Truth: "We Have A Backup Offer In Hand"

In this episode of The Real Estate Blind Bid Provocateurs, hosts James Clark and KieAnn Brownell dive into the controversial topic of blind bids in residential real estate. They focus on the third tactic from KieAnn's article 'The Seven Ways Agents Lie With The Truth': the 'Backup Offer In Hand.' The discussion reveals how agents use this tactic during the inspection phase to pressure current buyers into making concessions. The podcast aims to highlight the manipulation and lack of transparency in the current real estate process and advocates for a more open, transparent system.

00:00 Introduction to Blind Bid Provocateurs
00:43 Discussing 'Backup Offer in Hand' Tactic
01:55 Emotional Impact on Buyers
04:20 Manipulative Tactics in Real Estate
05:49 Legal Obligations and Disclosure
06:16 Wrapping Up and Teasers for Next Episode
06:43 Closing Remarks and Call to Action

Article: 7 Ways Real Estate Agents Lie With The Truth

If you believe in our cause and found value in our discussion, please like, follow our show, and share it with anyone who has experienced or is curious about the absurdity of the blind bid process. We're eager to hear from you and continue this conversation. Connect with us on YouTube, LinkedIn, and Instagram @truhomevalue. Let's journey together towards a more transparent, trustworthy, and fair real estate market.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast platform.

Get in Touch:

• TruHome Value's Website: https://www.truhomevalue.com
• Follow TruHome Value on X @truhomevalue
• Connect with us on LinkedIn and YouTube for more insights and updates.

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Show your support for "The Real Estate Blind Bid Provocateurs" by rating and reviewing us on Apple Podcasts. Navigate to our show, scroll to the bottom, and rate us with 5 stars. Share your favorite insights by writing a review. Don't forget to follow the show to receive the latest episodes directly on your device, delivered weekly.

Demystifying the 'Second Showing' Lie in Real Estate

In this episode of The Real Estate Blind Bid Provocateurs, hosts James Clark and KieAnn Brownell delve into the deceptive practice of using 'second showings' to create a false sense of urgency among potential buyers. KieAnn shares real-life examples and discusses the emotional manipulation often involved in blind bidding. They also highlight the absurdity of the rushed decision-making process in real estate. Stay tuned for the next episode, where they'll discuss another common tactic: claiming a 'backup offer in hand'.

00:00 Introduction to The Real Estate Blind Bid Provocateurs

00:31 Meet the Hosts: James Clark and KieAnn Brownell

00:41 The 7 Ways Agents Lie With The Truth: "We Have A Second Showing"

01:43 Creating Urgency: The Psychology Behind Second Showings

02:56 Real-Life Story: The Insanity of Blind Bids

04:15 Conclusion and Teaser for Next Episode

04:34 Final Thoughts and Call to Action

Article: 7 Ways Real Estate Agents Lie With The Truth

If you believe in our cause and found value in our discussion, please like, follow our show, and share it with anyone who has experienced or is curious about the absurdity of the blind bid process. We're eager to hear from you and continue this conversation. Connect with us on YouTube, LinkedIn, and Instagram @truhomevalue. Let's journey together towards a more transparent, trustworthy, and fair real estate market.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast platform.

Get in Touch:

• TruHome Value's Website: https://www.truhomevalue.com
• Follow TruHome Value on X @truhomevalue
• Connect with us on LinkedIn and YouTube for more insights and updates.

Rate, Review & Follow on Apple Podcasts:
Show your support for "The Real Estate Blind Bid Provocateurs" by rating and reviewing us on Apple Podcasts. Navigate to our show, scroll to the bottom, and rate us with 5 stars. Share your favorite insights by writing a review. Don't forget to follow the show to receive the latest episodes directly on your device, delivered weekly.

In this episode of The Real Estate Blind Bid Provocateurs podcast hosted by James Clark and KieAnn Brownell, the focus is on the inherent issues of the blind bidding system in real estate. They kick off a series discussing 'The 7 Ways Agents Lie With The Truth,' with this episode dedicated to exploring the phrase 'We Have Multiple Offers.' The hosts delve into how this common statement creates urgency and induces a bidding war mentality among buyers, despite often being misleading. They emphasize that agents are good people trapped in a flawed system and advocate for transparency in real estate transactions.

00:00 Introduction to The Real Estate Blind Bid Provocateurs
00:32 Meet Your Hosts: James Clark and KieAnn Brownell
00:51 Setting the Context: The Flawed System of Blind Bids
02:50 Exploring the First Lie: 'We Have Multiple Offers'
04:25 The Impact of 'Multiple Offers' on Buyers
06:06 Conclusion and Teaser for the Next Episode
06:28 Final Thoughts and Call to Action

Article: 7 Ways Real Estate Agents Lie With The Truth

If you believe in our cause and found value in our discussion, please like, follow our show, and share it with anyone who has experienced or is curious about the absurdity of the blind bid process. We're eager to hear from you and continue this conversation. Connect with us on YouTube, LinkedIn, and Instagram @truhomevalue. Let's journey together towards a more transparent, trustworthy, and fair real estate market.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast platform.

Get in Touch:

• TruHome Value's Website: https://www.truhomevalue.com
• Follow TruHome Value on X @truhomevalue
• Connect with us on LinkedIn and YouTube for more insights and updates.

Rate, Review & Follow on Apple Podcasts:
Show your support for "The Real Estate Blind Bid Provocateurs" by rating and reviewing us on Apple Podcasts. Navigate to our show, scroll to the bottom, and rate us with 5 stars. Share your favorite insights by writing a review. Don't forget to follow the show to receive the latest episodes directly on your device, delivered weekly.

Welcome to Episode 6 of "The Real Estate Blind Bid Provocateurs," your insider's guide to shaking up the traditional real estate market. In this episode, your host James Clark, alongside co-hosts Kari Abt and KieAnn Brownell, dive deep into the role of listing agents in the evolving landscape of transparent, open bidding in residential real estate. This series, a proud production of TruHome Value, challenges the outdated and opaque process of blind bidding—a system riddled with uncertainty, mistrust, and manipulation.

Today's discussion zeroes in on the transformative impact that transparent bidding platforms, like TruHome Value's own OpenBid system, have on listing agents and the overall market. Our hosts explore how these platforms reduce the overwhelming influx of inquiries that agents traditionally handle and clarify seller priorities directly to potential buyers. This shift not only saves time but enhances the selling process, allowing sellers to monitor real-time progress on bids, thereby managing their expectations more effectively.

The episode also tackles the controversial topic of traditional selling tactics versus the transparent methodology, with our hosts and guests sharing insights on why the latter will drive higher property prices and foster a fairer, more efficient marketplace.

Don't miss this insightful discussion on how transparency is set to revolutionize the real estate industry, paving the way for a system where integrity stands at the forefront. Whether you're a buyer, a seller, or a professional in the industry, this episode will arm you with the knowledge to navigate the new norms of real estate transactions.

Listen in and be part of the movement towards a more transparent future in real estate. Share this episode with anyone contemplating a real estate transaction and tune in to our YouTube channel for the video version of our podcast. Stay tuned for Episode 7, where we will explore the implications of transparent bidding on lenders. Join us in transforming the real estate industry, one episode at a time.

If you believe in our cause and found value in our discussion, please like, follow our show, and share it with anyone who has experienced or is curious about the absurdity of the blind bid process. We're eager to hear from you and continue this conversation. Connect with us on YouTube, LinkedIn, and Instagram @truhomevalue. Let's journey together towards a more transparent, trustworthy, and fair real estate market.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast platform.

Get in Touch:

• TruHome Value's Website: https://www.truhomevalue.com
• Follow TruHome Value on X @truhomevalue
• Connect with us on LinkedIn and YouTube for more insights and updates.

Rate, Review & Follow on Apple Podcasts:
Show your support for "The Real Estate Blind Bid Provocateurs" by rating and reviewing us on Apple Podcasts. Navigate to our show, scroll to the bottom, and rate us with 5 stars. Share your favorite insights by writing a review. Don't forget to follow the show to receive the latest episodes directly on your device, delivered weekly.

In Episode 5 of The Real Estate Blind Bid Provocateurs, titled "The Buyer's Agent of Change," the team dives into the transformative role of buyer's agents within the transparent open bidding platform. Host James introduces the episode by highlighting the podcast's commitment to challenging the conventional, opaque blind bidding system that has troubled the real estate market. This episode, produced by TruHome Value, advocates for transparency, trust, and integrity in residential real estate transactions.

The conversation begins with a focus on the significance of trust between buyer's agents and their clients, emphasizing how transparent bidding fosters this essential component of the client-agent relationship. KieAnn shares a personal experience to illustrate the manipulative tactics prevalent in blind bidding, raising questions about the honesty and integrity of such practices. This story leads to a broader discussion on the inherent mistrust and deceit in the industry, demonstrating the negative impact of opaque dealings on buyer confidence.

The episode then explores the advantages of transparent bidding, with KieAnn and Kari detailing how it changes the dynamics of buyer-agent communication, decision-making, and overall transactional experience. By allowing buyers and agents to see all offers and terms openly, the platform removes doubt and fosters a more informed and relaxed approach to bidding. They discuss how transparent bidding not only eliminates the guesswork but also empowers buyers to make decisions based on verifiable information, enhancing the fairness and integrity of the process.

James, KieAnn, and Kari delve into the emotional aspects of buying a home, discussing how the stress and frustration of blind bidding can be replaced with calm and confidence through transparency. They argue that knowing why an offer didn’t succeed can significantly reduce buyer's remorse and anxiety, transforming the entire experience into one of clarity and straightforwardness.

Closing the episode, the hosts emphasize TruHome Value's role in pioneering this shift towards open bidding, advocating for its widespread adoption. They invite listeners to spread the word about the benefits of transparency in real estate transactions, underlining the podcast's mission to bring about change in the industry. The episode concludes with a tease for the next discussion, which will examine the seller's agent perspective, promising more insights into how transparency can revolutionize real estate for all parties involved.

If you believe in our cause and found value in our discussion, please like, follow our show, and share it with anyone who has experienced or is curious about the absurdity of the blind bid process. We're eager to hear from you and continue this conversation. Connect with us on YouTube, LinkedIn, and Instagram @truhomevalue. Let's journey together towards a more transparent, trustworthy, and fair real estate market.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast platform.

Get in Touch:

• TruHome Value's Website: https://www.truhomevalue.com
• Follow TruHome Value on X @truhomevalue
• Connect with us on LinkedIn and YouTube for more insights and updates.

Rate, Review & Follow on Apple Podcasts:
Show your support for "The Real Estate Blind Bid Provocateurs" by rating and reviewing us on Apple Podcasts. Navigate to our show, scroll to the bottom, and rate us with 5 stars. Share your favorite insights by writing a review. Don't forget to follow the show to receive the latest episodes directly on your device, delivered weekly.

Episode 4 of "The Real Estate Blind Bid Provocateurs," titled "The Seller's Advantage," delves into the merits of a transparent, open bidding process in real estate transactions, arguing against the conventional blind bidding system. Hosts James, KieAnn Brownell, and Kari Abt discuss how transparency not only fosters trust between sellers and buyers but also tends to yield better financial outcomes for sellers.

The episode opens with James condemning the traditional opaque bidding system for fostering mistrust and manipulation in real estate. He then invites a discussion on the integrity that a transparent bidding platform introduces into the selling process. KieAnn immediately challenges the misconception that blind bidding secures the highest prices for sellers, noting the frequent occurrence of buyer's remorse in such transactions. This remorse often leads to contract terminations, stigmatizing the property and disadvantaging the seller.

Further illustrating the benefits of open bidding, James likens the process to live charity auctions, where the dynamic atmosphere and visible competition drive prices up, often significantly beyond expectations. Kari adds a personal touch to the argument, recounting experiences from estate sales in North Dakota, emphasizing how visible competition ignites a buyer's determination to win, often leading to higher bids.

The discussion highlights that transparent bidding not only elevates property prices but also decreases the likelihood of deal fallouts due to buyer's remorse. The hosts elaborate on how open bidding creates a level of trust and integrity in the transaction, allowing sellers to communicate their priorities more effectively, such as possession dates which can be as crucial as the price itself.

KieAnn clarifies a common misconception regarding list prices, explaining they are not definitive markers of market value but educated guesses subject to the laws of supply and demand. In a market characterized by low supply and high demand, competition naturally elevates prices, debunking the notion of 'overpaying' in a competitive bidding scenario.

Concluding the episode, James teases the next discussion which will focus on the advantages of the transparent bidding process from the perspective of selling agents, hinting at the broader implications of transparency for improving trust and efficiency in real estate transactions. The episode wraps up with an invitation for listeners to share the podcast and a reminder of the show's presence on YouTube, reinforcing the message of bringing trust, transparency, and integrity to residential real estate.

If you believe in our cause and found value in our discussion, please like, follow our show, and share it with anyone who has experienced or is curious about the absurdity of the blind bid process. We're eager to hear from you and continue this conversation. Connect with us on YouTube, LinkedIn, and Instagram @truhomevalue. Let's journey together towards a more transparent, trustworthy, and fair real estate market.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast platform.

Get in Touch:

• TruHome Value's Website: https://www.truhomevalue.com
• Follow TruHome Value on X @truhomevalue
• Connect with us on LinkedIn and YouTube for more insights and updates.

Rate, Review & Follow on Apple Podcasts:
Show your support for "The Real Estate Blind Bid Provocateurs" by rating and reviewing us on Apple Podcasts. Navigate to our show, scroll to the bottom, and rate us with 5 stars. Share your favorite insights by writing a review. Don't forget to follow the show to receive the latest episodes directly on your device, delivered weekly.

Episode 3 focuses on the buyer's perspective, discussing how transparent open bidding empowers buyers to make informed decisions. Special emphasis is placed on the emotional and financial impact of transparency on buyers.

If you believe in our cause and found value in our discussion, please like, follow our show, and share it with anyone who has experienced or is curious about the absurdity of the blind bid process. We're eager to hear from you and continue this conversation. Connect with us on YouTube, LinkedIn, and Instagram @truhomevalue. Let's journey together towards a more transparent, trustworthy, and fair real estate market.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast platform.

Get in Touch:

• TruHome Value's Website: https://www.truhomevalue.com
• Follow TruHome Value on X @truhomevalue
• Connect with us on LinkedIn and YouTube for more insights and updates.

Rate, Review & Follow on Apple Podcasts:
Show your support for "The Real Estate Blind Bid Provocateurs" by rating and reviewing us on Apple Podcasts. Navigate to our show, scroll to the bottom, and rate us with 5 stars. Share your favorite insights by writing a review. Don't forget to follow the show to receive the latest episodes directly on your device, delivered weekly.

Main Topics Discussed:

• Introduction to TruHome Value: A transparent, open bidding platform designed to address the issues inherent in the traditional blind bidding process in real estate transactions.
• Problems with Blind Bidding:
  • Creates mistrust and manipulation among buyers.
  • Buyers often retract or terminate offers due to uncertainty and distrust, affecting over 30% of transactions.
  • The process is emotionally draining and inefficient, leading to frustration for all parties involved.
• Advantages of Transparent, Open Bidding:
  • Provides all participants with more information, allowing for educated decisions.
  • Reduces negative emotions and increases buyer confidence in their decisions.
  • Typically results in a higher selling price that is more likely to stick because buyers feel more committed and less deceived.
• Real-Life Experiences:
  • Kari Abt shared a personal story highlighting the complexities and emotional toll of blind bidding, emphasizing the need for transparency.
  • KieAnn Brownell discussed the importance of factors beyond price for sellers, such as possession dates and inspection conditions, which are more transparently communicated in an open bidding system.
• Benefits of TruHome Value Platform:
  • Increases efficiency and reduces communication issues by making all offers and conditions visible to all parties.
  • Allows sellers to communicate what's important to them beyond just the price, enabling buyers to tailor their offers more effectively.
  • Demonstrated to potentially increase selling prices by 7-15% without detrimentally affecting buyers, as they operate within their known limits.
• Future Discussions:
  • The next episode will focus on the buyer's perspective in both blind and open bidding systems.

Conclusion: The episode advocates for a shift towards transparent, open bidding in real estate transactions, highlighting the benefits of increased information, reduced emotional stress, and potentially higher selling prices. TruHome Value is presented as a pioneering solution aiming to reform the current opaque system, with real-life experiences underscoring the need for change.

If you believe in our cause and found value in our discussion, please like, follow our show, and share it with anyone who has experienced or is curious about the absurdity of the blind bid process. We're eager to hear from you and continue this conversation. Connect with us on YouTube, LinkedIn, and Instagram @truhomevalue. Let's journey together towards a more transparent, trustworthy, and fair real estate market.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast platform.

Get in Touch:

• TruHome Value's Website: https://www.truhomevalue.com
• Follow TruHome Value on X @truhomevalue
• Connect with us on LinkedIn and YouTube for more insights and updates.

Rate, Review & Follow on Apple Podcasts:
Show your support for "The Real Estate Blind Bid Provocateurs" by rating and reviewing us on Apple Podcasts. Navigate to our show, scroll to the bottom, and rate us with 5 stars. Share your favorite insights by writing a review. Don't forget to follow the show to receive the latest episodes directly on your device, delivered weekly.