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I assume they lose whatever deposit they paid - assuming the cheque didn't bounce in the first place.... It must happen relatively often - in fact, that is how we bought our PPOR. It was auctioned, sold, and the sale fell thru on finance. It was then put back on the market, but the vendor was...

Well, the Far East (of Melbourne!) by comparison seems to be very quiet. I 've had an agent harrasing me since I went to an open. It went for auction last Saturday. I just got a call from the agent, saying the property was sold at $800k (I think it was advertised $750+ or something, so...

Just taking the vendor's perspective for a moment though - if I want to sell a property by auction in these areas, do I get my agent to list my "realistic price" (close to my reserve)? If I do, will the potential buyers automatically assume an underquote (by a biiiiiig margin)? Cheers, The...

It's made the news.... http://www.domain.com.au/Public/Article.aspx?id=1177459841718&index=NationalIndex&headline=Unrealistic%20quotes%20raise%20hopes%20and%20waste%20time Cheers, The Y-man

Whoooaa.... time to put my 2BR Prahran apartment on the market :D Cheers, The Y-man