u/pingpongjingjong

I’m getting a bit sick of having to up my offer because of “other parties” who somehow always are offering more than me.

Do they even exist? How do we know?

I wonder if it’s time to have some regulation around putting in offers, eg that they have to be registered with Fair Trading or whatever, so we can see that they actually exist.

After all, apart from the (mythical?) “phone offers“, we can see that there are real bidders against you when at a physical auction. Why not at these “fake” auctions run by REAs?

This would explain why I’m getting bombarded by calls from REAs every week. “Just wondering if you’re still in the market…”

Certainly it seems really different from the end of last year which was insane.

There are even some properties I’ve seen in that range which have been on the market for more than six months now. Some are being underquoted by the agents (🙄) to get people to the inspection, but even ones like that seem to get massive agent responses (follow up calls etc) if you show any interest. Massive compared to late last year.

Hopefully prices drop a bit and become more affordable / less ridiculous.