NSW Why is this so cheap?

Discussion in 'Property Analysis' started by Mumbai, 3rd Jun, 2020.

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  1. Mumbai

    Mumbai Well-Known Member

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    Mumbai, 3rd Jun, 2020
    #1
  2. The Y-man

    The Y-man Moderator Staff Member

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    Underquoting is back big time!! :D:D:D

    The Y-man
     
    The Y-man, 3rd Jun, 2020
    #2
  3. craigc

    craigc Well-Known Member

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    Agreed with Y-man, looks like underquoting.

    Even the agents selected comparables (Usually hand picked to suit) on the SOI are approx 10% above the quoted range. Unless this property is significantly inferior but I doubt it (I’m not a expert in this location), the opening bid likely to be $1m and blow many hopefuls out of the water.
     
    craigc, 7th Jun, 2020
    #3
  4. Zimplestiltskin

    Zimplestiltskin Well-Known Member

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    Zimplestiltskin, 16th Jul, 2020
    #4
  5. The Y-man

    The Y-man Moderator Staff Member

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    The Y-man, 16th Jul, 2020
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  6. Zimplestiltskin

    Zimplestiltskin Well-Known Member

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    Haha yes that must be it. 1k to replace it but 99k for an eye transplant.

    I'm going to be sad I didn't buy this one if it goes for around 600.
     
    Zimplestiltskin, 16th Jul, 2020
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  7. fl360

    fl360 Well-Known Member

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    Underquoting is like the big orange sticker in Bunnings, you think it is a discount, but it is just the normal price.
     
    fl360, 16th Jul, 2020
    #7
  8. spludgey

    spludgey Well-Known Member

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    What was that property listed at? Given it sold for $1.01m now.
     
    spludgey, 16th Jul, 2020
    #8
  9. TMNT

    TMNT Well-Known Member

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    TMNT, 16th Jul, 2020
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