#31 Underquoting: The BIGGEST Trap for Buyers. Why That $800k Property Sells for $950k
Description
Underquoting is one of the biggest frustrations buyers face — a property is advertised in your budget, only to sell hundreds of thousands above the quoted range. In this episode, Dion and mortgage broker David Pelligra cut through the noise to explain what underquoting really is, how the legislation works (and doesn’t), and why quotes and actual value are often two very different things.
They cover:
The difference between fair, competitive, and underquoting
Why Victorian quoting laws are still so grey and frustrating
The biggest red flags that a property is underquoted
How to do your own research so you don’t fall for false ranges
Why focusing on value, not the quote, is the only way to buy smart
If you’ve ever wasted weekends chasing properties you could never afford, this episode will give you the tools to spot the traps and stay ahead.
United States
