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Then buyers complain about lack of information.

Well this is the thing I don't understand about 'underquoting'. If everyone there is like you and has been misled about the price range, then why does the house sell for a lot more than the advertised price? Surely these people who are misled would leave in disgust, knowing that the property is...

You are right. Termites are very common (I have had a property that has had this problem). Most buildings have some sort of structural issue (rising damp, rotting wood etc). We all know that. But why do we have to pay several hundred dollars each time we look to purchase a property to find that...

Sorry Razzle7 - I don't have any sympathy for you about this. I have been through this before, I just purchased a property that had a reserve of $5m but they finally accepted my offer of $4.3m. You just have to play the game and don't complain just because someone out-bid you or the vendor...

If you feel that you need to pay for those services, then go ahead. But they are not a necessary part of a property purchase and no agent can be responsible if you incur them.

Certainly they are optional. Never had a problem with pests, unsatisfactory contract conditions or structural difficulties. Maybe your clients purchase different types of properties to mine.

Those are discretionary spending and are not part of the actual terms of the house sale. None of those are 'necessary' expenditure per se in relation to the property purchase. Wise expenditure, maybe, but not necessary.

The ultimate question is - what is the harm done? Maybe a wasted few hours on Saturday. But there's been no exchange of contracts, no money being moved around. Without a tangible damage or detriment, there is no remedy that should be provided.

Well the vendor's due diligence is based mostly (or partly) on what their real estate agent tells them. But ultimately if it's your property, you can ask for whatever price you want. No one can dictate to me what I should sell it for unless it is a government acquisition.

Well - people (i.e. vendors) are allowed to change their mind whenever they so choose. That's the great thing about using a selling agent - there's less information for buyers about your true intentions so no-one can really be blamed if a buyer feels they have been misled/cheated via price guides.

Razzle7 you just have to sift through the time wasters. Make a firm, unconditional offer and you will get a property in no time. Agents don't like buyers who umm and arrr because all of them have been led down the garden path by such buyers in the past