New underquoting laws passed in NSW

Ever been to an auction where the property sold for hundreds of thousands of dollars above what the agent had quoted? I certainly have and I know many disappointed prospective buyers who have missed out at auction by being misled by agents’ quoted price ranges. Well…that’s now going to stop in the Sydney property market,…

Tough laws for agents who underquote

Underquoting is the practice where agents lure potential purchasers to look at a property with the suggestion that the property will sell for much less that they believe it will. Does it really happen? Sure does! Of course in our strong rising property markets, especially in Sydney and Melbourne, we’re often surprised when an emotional…

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