A win for the buyers!

[saiman]

Potentially....

http://www.news.com.au/finance/real-estate/pledge-to-crack-down-on-dodgy-real-estate-prices/story-fndban6l-1227252310381


This will have an effect on pretty much all agencies I've come across. I hope they also throw in something about not allowing "property launches" and "$550,000-$620,000" (where vendor will only accept anything above $615,000) etc...

Good luck Starr Partners and any agent in the St Clair/Colyton area

 

[Danieljk101]

Brother in-law just sold his house in St Clair, offers over $650k. Multiple hidden offers later sold for $790k.

Crazy

 

[datto]

What if Baird loses the election?

 

[Scott No Mates]

There will now be alot of overquoting to justify the price range, then conditioning of the owners (like they will need it) to get the final amount.

 

[C-mac]

Agents will likely find a work-aroundor loop hole in how the offer price guidance. Sounds a bit negative ofe but I do hope for the best (if this actually comes to pass, that is).

 

[Bargain Hunter]

I think many agents are surprised themselves at how hot the market is and the offers that are coming in.

'Offers over' only work in the current market, and by the time the changes get through chances are that the market will have slowed.

Gone for the moment is an offer being accepted 10% under the advertised price.

I'll sell while I can, and go for whoever I believe will get the best price.

Regards

Andrew

 

[skater]

I think many agents are surprised themselves at how hot the market is and the offers that are coming in.

'Offers over' only work in the current market, and by the time the changes get through chances are that the market will have slowed.

Gone for the moment is an offer being accepted 10% under the advertised price.

I'll sell while I can, and go for whoever I believe will get the best price.

Regards

Andrew

Yep! 'Offers over' only works in a hot market. Don't like it, don't buy while the markets hot!