Underquoting – it’s alive and rife!

I attended, bid and secured a property for my client this weekend in a prestigious inner bay side suburb of Melbourne. There were approximately 100 people attending and 3 bidders in total.

While happy with the outcome for my client, I felt for the other bidders, and those that were knocked out as soon as I presented my first bid at $2.1 million. I knew from the time I appraised it that it wasn’t worth less than $2.4 million and it wasn’t a surprise to me when the property was declared for sale at $2.425 million. I secured it for my client at $2.605 million.

Petition to stop under-quoting

Miriam Sandkuhler is spear heading a campaign, along with other prominent real estate agents, to put an end to this deceptive practice.

I've started the petition "The Hon. Heidi Victoria,The Hon. Dr Denis Napthine, The Hon.Daniel Andrews,The Hon. Robin Scott: VIC Government; Make it compulsory to advertise auction reserve prices to stamp out under quoting." and need your help to get it off the ground.

However we need your support to secure 1000 signatures to be able to present the petition to the government. Will you take 30 seconds to sign it right now? You can support the petition by clicking here to sign and share it

Property Prosperity

interview with miriam re property prosperit

Property Prosperity is a step by step guide on how to purchase high performing investment grade property while maximising return and reducing risk in the process. As a profesional buyer advocate I provide examples in the book of how investors are vulnerable to free advice and explain what that's about.

Watch the video below