Monthly Archives: December 2015

“The rental value should really be … [grossly over quotes the rental value]”

ljgrealestate

1. “We have another offer”
Why is it every time you are interested in a home the agent comes up with this line? Naturally it’s always to create a sense of urgency in you. Don’t always bite at this comment.

2. “The rental value should really be … [grossly over quotes the rental value]”
Clearly the tenancy agreement in the contract states what the current rental is, making it a property investment you won’t ever receive a decent yield from …ever!

3. You ask, “What is the price”?
They reply, “This is the first open and we have not have had any feedback from the buyers yet” If this happens, you then need to ask “Well what was the price you wrote in the seller’s agency agreement?”

4. Underquoting
Another outcome of asking “What is the price?” is the agent can quote you a figure that is $150,000 less than…

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SQM research weekly rents index

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