|
It's a massive problem here in Vic. Overquote to the vendor to get the business. Underquote to the buyer to get them to the auction.
One local real estate agent nearby is the only one I would use.
If they fall more than say 5% short of their estimate, their commission percentage is cut.
That way, you can actually (I want to write the word 'trust' here, but can't bring myself to do it...) assume that they are not overquoting to get the business.
A reduced commission percentage on a reduced price has a severe impact on their payday.
|