Looking in your price range? Asking an agent for a guide, do they tell the truth? Should you keep your budget a secret?

There is a difference between a valuation, by an accredited valuer and an appraisal by a real estate agent. A guide is an indication of the predicted sale price during the sales process.

Agents are legally allowed to advertise 10% under the expected price of a property.  Each vendor has signed an agency agreement with the agent that will specify a price with a 10% variation.  That price cannot just be what the agent “thinks” they can sell a property for, there needs to be evidence of research based on actual past prices of comparative sales.  This can be very straightforward with a two bedroom unit in an area with lots of units of similar size and vintage and features; and complex with regards to unusual homes with large blocks or sought after views, or unusual features with none or not many direct comparisons.  In a fast moving market the comparisons also need to be recent.

An appraisal is based upon a Comparative Market Analysis, or CMA.  As buyers agents we conduct an independent CMA for you taking into account the data we access exclusively as agents of the most recent sales activity in the area.

I would love to help you find your dream home at the right price and assist you to navigate the offer / auction process.

Call Min on 0405366966