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Under quoting rant

Discussion in 'General Property Chat' started by jodes, 16th Feb, 2016.

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  1. jodes

    jodes Well-Known Member

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    I know this topic has been covered many times before but I had to post this horrendous example :

    13/188 Barkly Street St Kilda Vic 3182 - Apartment for Sale #121923214 - realestate.com.au

    $390,000 +

    Me: wow that's a great price, even if it was to go 10-20% over that !
    *looks up property history*
    Property history website: last sold 2012 for $650,000

    Come on agent!! Clearly the vendor wouldn't even consider something that cost 60% of what he paid 4 years ago. This is really shocking (and the worst example I've seen so far). But isn't it also pointless?

    My search parameters are for under $450k- so why do they even waste their time on people like me - it's wasting my time and theirs.

    End of rant... For now
     
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  2. S.T

    S.T Well-Known Member

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    I'm not selling anything
  3. jins13

    jins13 Well-Known Member

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    Not even close to the true figure! Should take away their licence
     
  4. S.T

    S.T Well-Known Member

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  5. melbournian

    melbournian Well-Known Member

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    I saw a property I liked which was in. Range of 550-585k going to auction but when I put in a low 600ks prior to auction the agent said vendor wouldn't consider it. Wtf?
     
  6. Chilliblue

    Chilliblue Well-Known Member

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    The agent must re adjust the price range above your offer
     
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  7. melbournian

    melbournian Well-Known Member

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    yeah but he didn't - I might bid but will see how it goes.
     
  8. S.T

    S.T Well-Known Member

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    If you have that in writing you should submit a complaint online.
     
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  9. melbournian

    melbournian Well-Known Member

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    mainly verbal on the phone hard to prove
     
  10. Chilliblue

    Chilliblue Well-Known Member

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    Then report him and a favour to other buyers
     
  11. melbournian

    melbournian Well-Known Member

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    true - i think if you advertise 560-595 and if someone gives a verbal offer of 600s prior to auction, one would think it would be accepted. Seems like they're just reeling in the buyers.
     
  12. jodes

    jodes Well-Known Member

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    Update on this one: (red face for me)- it sold for $438,000. Apparently the previously sold information was incorrect (onthehouse.caom.au). Apologies for my incorrect rant ! :oops:
     
  13. Scott No Mates

    Scott No Mates Well-Known Member

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    @Simon Hampel - Are you able to un-rant?
     
  14. TMNT

    TMNT Well-Known Member

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    years ago the market was warm, and there was a property that said offers above $400k

    so I offered $400k, and the reply was a laugh and of shock and astonishment,

    so I offered $401k, since I obviously couldnt undersand the meaning of above $400k,

    and the agent looked at me if I had 3 heads
     
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  15. BigKahuna

    BigKahuna Well-Known Member

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    Sorry, but that is pretty funny.
     
  16. Nemo30

    Nemo30 Well-Known Member

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    There's a difference between vendor wouldn't consider it and vendor has rejected it.

    The vendor can advise the agent that thy don't want to consider offers prior to auction and can therefore legally keep advertising at that price throughout the campaign, regardless of your offer.