Search results

Exactly, I agree.

I am also gobsmacked by some of the attitudes. Underquoting is illegal. If there is a quoted range of 550-600, then I expect a reserve within that range. Because that's what has been advertised. It's SIMPLE. What happens after that I couldn't give a rats. It might sell for 900k due to...

Aaron, this whole under-quoting business is not just a couple of hours on a Saturday wasted. For me its been a few months. And a lot of money. The reserve should be within the quoted range, as simple as that.

EXACTLY, this is my whole point!!

Interesting reading, interesting comments... Thanks for all your 'guidance' You are right Bradsdad, I do know what tricks they are up to, I do know that if I see something quoted within a range that I need to add at least 50k, I do know that they quote low to get people in, I know all the...

Yes ok totally get that, and yes the vendor can do what he likes. What Im saying is that this is happening quite a bit. Every property that I have seen that is passed in and is then for private sale is always at least 50k more. Its not a once off.

Oh dear. I am not throwing a tantrum. I am merely stating that what they quote and what they expect are two different things. They are underquoting on a property when they are expecting more. So you are telling me that it is right or normal that a vendor may advertise for a 500k property when...

What are you on about? If I see a property advertised for 550-600 then thats what I am expecting. I am not expecting a 690k. How is that stupid?

Why are agents still underquoting. Wasn't there a shake up a few years ago? A recent property I saw listed at 550k-600k passed in at auction. It was then listed for sale at 690k. How is that legal? _________ are the worst culprits. Also it is targeting the wrong brackets. If it was originally...