Housing, page-835

  1. 2,939 Posts.
    lightbulb Created with Sketch. 57
    Agree completely.
    People all too often think their house is worth more than it is.
    They would be difficult clients but it really is up to the agents to convince them by comparing recent prices and features of houses sold in that area.
    The client learns an expensive lesson if it goes to auction and the agent is asked to open with a vendor bid that is too high.
    If a vendor bid is needed to open it is not a good sign and at least if the open bid was lower they would be able to better gauge genuine interest at what level.
    Many would rather not be the only bidder who thought the property was worth the price.
    I'm in Melbourne and have no idea how other markets operate.
 
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