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I beg to differ here that such practices are "good" for the vendor, Wylie- after your comments below, do you think you would have considered it if the agent had have replied "Over $1m" to your question? The trouble with so much ambiguity around prices is that vendors and agents not only lose...

Best of luck with it Shuggy :D

Reserve free auction? I haven't been to any of these unless I'm bidding on Ebay ;) It's your house and your reserve. Don't over-analyse it. Remember you hired the agent to work on your behalf- best of luck.

Hi Shuggy I don't really see the problem here. You have a property that you want to sell. You obviously have chosen an agent who has told you the current state of the market and provided you with a likely estimate of price that it should sell for (or else you wouldn't have hired him?)...