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Thank you so much for the invaluable advices from all the members who responded. The reason of lower the quote given to me by the agent is just to attract the crowd and create a competition atmosphere. I know as a vendor that sort of under quote practice might help to sell my property, I...

Due to change of circumstances, I need to sell a 2-bedroom IP in Melbourne Victoria. I have already engaged an RE agent and a sale by auction at end of this month was recommended. The price range initially quoted by the agent to me was $410K to $450K, but after signing up and following 2 weeks...