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Under-quoting still happening
Similar properties in the surrounding streets in similar condition ranged in price around $330k to $380k, however this property had a GF as well and my estimate was that it would sell around $410k to $440k. When the agent's ad said 'bidding guide $360k' I would at least have thought that the...- Hugh Jarse
- Post #87
- Forum: The Buying/Selling Process
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H
Under-quoting still happening
PSBA = Property, Stock and Business Agents Act (NSW) Around section 51 it talks about agents and auctioneers obligations regarding offers / bids. Still not sure whether to bother reporting the agent or simply refuse to deal with him or his agency again? Any other suggestions on I can...- Hugh Jarse
- Post #85
- Forum: The Buying/Selling Process
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H
Under-quoting still happening
Attended the auction of a 3br house + granny flat on an average block in a large NSW regional city yesterday. It had been advertised by the agent as "bidding guide $360k", however at the start of the auction the auctioneer refused to accept a bid of $360k, took an initial bid of $370k, and the...- Hugh Jarse
- Post #82
- Forum: The Buying/Selling Process