How to spot an under-quoter!

Starting to think Mcgrath are the biggest offenders;

Sold Price for 61/98 Kirribilli Avenue Kirribilli NSW 2061

Start of campaign - $1.45m - $1.595m (no doubt attracted plenty of interest)
Few days before auction - $1.525m - $1.65m
Sold on Saturday for $1.931m

 

Agree with @Graeme.

And if a property is sold significantly higher than advertised by the agent, it should be easy for them to prove market demand.

 

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  This probably makes the most sense for consumers so far. I have seen far too much consumer complaints about the lack of pricing information deterring them from even checking out the listing. As a home seeker they want to be able to make a proper decision as painlessly as possible and it just does not make sense for them to make a checklist of "X" properties without prices then call to check on each and everyone of those properties when the price should be included in the first place.

 

Not sure if you guys from VIC have seen this, but you actually have until March 11 to submit your thoughts on underquoting to Consumer property law review - Consumer Affairs Victoria

 

Easy! Offer within the range or guide they have quoted, only to laugh at you like you've offered to swap their first born child for a packet of cigaretttes

 

O

nly if you would actually take $1m. And if you would take $1m and everyone know if you refused $1m they could get you fined for underquoting, why would they offer more?

 

Just noticed McGrath advertising a property 5 Hamilton St Rose Bay as

" Prices start at $2,550,000. Love the plural in the word "Prices"
I don't have a problem with that.
It protects the vendor as long as that is as low as he will go and he might get more. T

 

Looks like the leopard can not change their spots!

 

So what's wrong with that Anthony?