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Agent price guides and underquoting are bones of contention in the property industry, because very few agents attempt to quote accurately. Of course buyers hate underquoting, for obvious reasons. It might surprise you to know that agents also hate it, for when their competitors underquote, they are forced to follow suit, otherwise their listing looks […]
Read MoreProperty buyers tend not to like auctions because they fear being outbid or they are daunted by the thought of having to perform in public. Often people prefer to try to make an offer before auction. But is this always the best strategy for a buyer? Here’s a sign to look for: if the sales […]
Read More3 Big Challenges All Property Buyers Face Real estate is a tricky and expensive business so you really don’t want to go in to a property purchase lightly. Buying property in an uncertain market is even trickier and we have noticed over the years there are three big challenges all buyers face. That’s right, ALL […]
Read MorePeople in the process of buying or selling property at the moment are understandably worried about what affect the Coronavirus pandemic will have on property prices in Sydney and across the country, particularly in light of the impact it is expected to have on the economy as a whole. Of course, these circumstances are unprecedented, […]
Read MoreI have been to hundreds of auctions in my time and find it fascinating to watch real estate auction bidding tactics. Auctions can be stressful for everyone involved and often buyers surprise themselves: either by bidding more or less than they thought they would. Some buyers register for auctions and never even end up bidding […]
Read MoreYou should set your limit, your maximum bid, before you go to auction. So, how do you set a maximum auction bid? First of all, you need to forget all the other buyers and forget about the vendor, just for a moment. This is about you and the property. It’s about how uniquely this property […]
Read MoreThis piece was originally written a few years ago, when clearance rates were lagging at the end of spring. Then we noticed that Sydney auction clearance rates again climbed over 80% after a few weeks “slumming it” in the 70s. What do auction clearance rates mean? Were they showing that the market was getting stronger […]
Read MoreEvery state or territory in Australia has laws to prevent agent underquoting. These laws are meant to make sure that the agent quotes a price that is realistic and close to the figure prospective buyers can expect the property to sell for. The thing is, they’re not all that reliable. So it’s really important, as […]
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