PHOTO: Getting an idea of what a property may sell for, isn’t an easy as you might think. Photo: Peter Rae
It is one of the most frustrating parts of buying a property – even for the experts.
A dream home turns up in your property search – or, more realistically, a home that will do – that is seemingly within your budget.
You want to buy it, and the owners want to sell for a price, but the agent will not tell you just what that is. Cue an expensive guessing game.
“It’s ridiculous; it’s very frustrating,” said buyers’ agent Peter Kelaher, managing director of PK Property. “Nothing irritates someone more than when an agent is not quoting a price.”
About a quarter of properties headed to auction on Saturday have an advertised price guide. Fewer still hit the market with a price, a move experts say becomes more common in a rising market.
While most agents will provide a guide when contacted, buyers might have to wait weeks instead of days to get an answer. Other agents will not offer one and instead ask the prospective buyer what their budget is. The agent might then suggest the property is within your target range.
READ MORE VIA DOMAIN