Australian Politics Forum - Dirty Tricks Selling Houses

Sir lastnail

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Dirty Tricks Selling Houses - Underquoting rampant
Aug 10^th, 2025 at 10:09pm

Special report on Channel Nine News tomorrow Wink

How many people have turned up at an auction hoping to score a house at the advertised price range only to find that the auction ended up way above the maximum quoted range ? And we are told that underquoting is illegal in Victoria. Yeh right how did that turn out Sad

A simple solution is to make the reserve price fall within the advertised range.

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Jasin Gold Member Offline Posts: 56900 Gender:	Re: Dirty Tricks Selling Houses - Underquoting rampant Reply #1 - Aug 10^th, 2025 at 11:20pm Suckers!!! How is it that the Media promoted Biden and Albanese as something which they have obviously failed to deliver at being? Why is Leftism in Politics such a limp dick?
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Grappler Racist Filth

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #2 - Aug 11^th, 2025 at 1:54am

Chop out foreign investors, add a premium for 'investors' who will get it back anyway, and cut negative gearing on a losing non-taxpaying venture that everyone knows in advance will not pay tax but will somehow provide mega living for the 'investor'..... make house buying a right for a home OWNER ...

How does the Senate vote?

F

U

CK THE PARASITES!

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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John Smith

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #3 - Aug 11^th, 2025 at 8:29am

Price guides are a guide only and ultimately the main point of an auction is to drive the price UP. But I agree, many deliberately under quote so that hundreds turn up to an auction so they can pretend to be great agents with a wide network. It's to make them look good rather then get a higher price.

They should be made to publish the five most recent comparable sales in the neighborhood and let the public decide for themselves what they can expect it to sell for.

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« Last Edit: Aug 11^th, 2025 at 8:48am by John Smith »

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Carl D

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #4 - Aug 11^th, 2025 at 9:53am

Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions?

Making fake bids to drive the price up and if the dummy bidder was the final bid the auction was "miraculously" passed in because they were all in on the scam - banks, finance companies and the auctioneers, etc.

And then another auction at a later date would be scheduled. Rinse and repeat if needed.

Used to be quite rampant. I worked for a firm of solicitors in Perth City from the mid 70's to early 80's (no, I wasn't a solicitor or anywhere close to being one and never became one) and an employee I knew quite well at one of the finance companies we did work for used to brag about it a lot and once told me "everyone does it".

I'm guessing that if the practice has been banned then I'm sure the participants have found ways to get around it. Nothing surprises me anymore when it comes to human greed.

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« Last Edit: Aug 11^th, 2025 at 10:03am by Carl D »

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Bobby.

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #5 - Aug 11^th, 2025 at 10:11am

Carl,
Quote:

Speaking of dirty tricks, I wonder if governments ever got around to
banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions?

Very difficult to stop them -
the real estate agents are crooks.

Also - they sell dumps that are unfit for human habitation.
The lower end of the market are mostly houses that are only bulldozer material -
yet they sell them as habitable places.

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Sir lastnail

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #6 - Aug 11^th, 2025 at 10:20am

Bobby. wrote on Aug 11^th, 2025 at 10:11am:

Carl,
Quote:

Speaking of dirty tricks, I wonder if governments ever got around to
banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions?

Very difficult to stop them -
the real estate agents are crooks.

Also - they sell dumps that are unfit for human habitation.
The lower end of the market are mostly houses that are only bulldozer material -
yet they sell them as habitable places.

Unfortunately, it's a sellers market and people are desperate, so will pay anything now even if the agents are breaking the rules Sad

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Leroy

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #7 - Aug 11^th, 2025 at 10:29am

Bobby. wrote on Aug 11^th, 2025 at 10:11am:

Carl,
Quote:

Speaking of dirty tricks, I wonder if governments ever got around to
banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions?

Very difficult to stop them -
the real estate agents are crooks.

Also - they sell dumps that are unfit for human habitation.
The lower end of the market are mostly houses that are only bulldozer material -
yet they sell them as habitable places.

Not so, real estate agents only represent the seller they do not own the property. Buyers have a responsibility to have the property inspected and checked before buying. If someone buys a dump they already knew it was a dump before they bought it.

Nobody buys a house without making sure it is habitable and if they do then that is not the agents error, the buyer knew that before they purchased the property.

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greggerypeccary Gold Member Offline Australian Politics Posts: 154186 Gender:	Re: Dirty Tricks Selling Houses - Underquoting rampant Reply #8 - Aug 11^th, 2025 at 10:30am Auctions have always been dodgy. They're very rare here in WA - maybe 1 or 2% of all sales. We use the 'offer & acceptance' method.
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Leroy

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #9 - Aug 11^th, 2025 at 10:32am

Carl D wrote on Aug 11^th, 2025 at 9:53am:

Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions?

Making fake bids to drive the price up and if the dummy bidder was the final bid the auction was "miraculously" passed in because they were all in on the scam - banks, finance companies and the auctioneers, etc.

And then another auction at a later date would be scheduled. Rinse and repeat if needed.

Used to be quite rampant. I worked for a firm of solicitors in Perth City from the mid 70's to early 80's (no, I wasn't a solicitor or anywhere close to being one and never became one) and an employee I knew quite well at one of the finance companies we did work for used to brag about it a lot and once told me "everyone does it".

I'm guessing that if the practice has been banned then I'm sure the participants have found ways to get around it. Nothing surprises me anymore when it comes to human greed.

Legally the seller can use one vendors bid, at the end of the day no one has to pay more than they want for a property, they might not get what they want but we all have to wrestle with that.

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Leroy

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #10 - Aug 11^th, 2025 at 10:37am

greggerypeccary wrote on Aug 11^th, 2025 at 10:30am:

Auctions have always been dodgy.

They're very rare here in WA - maybe 1 or 2% of all sales.

We use the 'offer & acceptance' method.

I have sold 4 properties in WA in the last few years and all by Auction, online auctions seem to be the way to go now in WA. My agent who is one of the top WA agents sells all her properties by Auction.

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greggerypeccary

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #11 - Aug 11^th, 2025 at 10:45am

Leroy wrote on Aug 11^th, 2025 at 10:37am:

greggerypeccary wrote on Aug 11^th, 2025 at 10:30am:

Auctions have always been dodgy.

They're very rare here in WA - maybe 1 or 2% of all sales.

We use the 'offer & acceptance' method.

I have sold 4 properties in WA in the last few years and all by Auction, online auctions seem to be the way to go now in WA. My agent who is one of the top WA agents sells all her properties by Auction.

That's only one agent.

Overall, auctions are not very popular in WA.

Auctions are less common in WA than other states with only around two per cent of properties sold under the hammer.

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Leroy

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #12 - Aug 11^th, 2025 at 10:53am

greggerypeccary wrote on Aug 11^th, 2025 at 10:45am:

Leroy wrote on Aug 11^th, 2025 at 10:37am:

greggerypeccary wrote on Aug 11^th, 2025 at 10:30am:

Auctions have always been dodgy.

They're very rare here in WA - maybe 1 or 2% of all sales.

We use the 'offer & acceptance' method.

I have sold 4 properties in WA in the last few years and all by Auction, online auctions seem to be the way to go now in WA. My agent who is one of the top WA agents sells all her properties by Auction.

That's only one agent.

Overall, auctions are not very popular in WA.

Auctions are less common in WA than other states with only around two per cent of properties sold under the hammer.

On line auctions are offer and acceptance sales, it only utilizes the auction to negotiate a price.

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Bobby.

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Re: Dirty Tricks Selling Houses - Underquoting rampant
Reply #13 - Aug 11^th, 2025 at 12:54pm

Leroy wrote on Aug 11^th, 2025 at 10:29am:

Bobby. wrote on Aug 11^th, 2025 at 10:11am:

Carl,
Quote:

Speaking of dirty tricks, I wonder if governments ever got around to
banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions?

Very difficult to stop them -
the real estate agents are crooks.

Also - they sell dumps that are unfit for human habitation.
The lower end of the market are mostly houses that are only bulldozer material -
yet they sell them as habitable places.

Not so, real estate agents only represent the seller they do not own the property. Buyers have a responsibility to have the property inspected and checked before buying. If someone buys a dump they already knew it was a dump before they bought it.

Nobody buys a house without making sure it is habitable and if they do then that is not the agents error, the buyer knew that before they purchased the property.

But they don't advertise places as bulldozer jobs.
You should have seen some of the houses I saw. Shocked

Blocked sewers - toilet water overflows out of bowl when flushed.
Bricks able to pulled out of the side of the house with my bare hands -
mortar had turned into loose sand,
huge cracks in the brick walls due to foundations being undermined
by gutters never having been cleaned and water overflowing for 10 years.
Completely rusted out gutters in the roof.
Floors moving up and down as you walked as the stumps were all gone.
Signs of water damage.
Masking tape put over cracks in walls and then painted.
Signs of termite damage.
Asbestos used everywhere.
No electricity or gas connected so you can't test any appliances.
Even an inspector can't test them.
Really low pressure water as the pipes were nearly blocked.

All sold as a great place to move into and live. WTF?

2 years later you find out the place had been bulldozed and a new house built
at great expense.

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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Dirty Tricks Selling Houses - Underquoting rampant Reply #14 - Aug 11^th, 2025 at 1:06pm Bobby. wrote on Aug 11^th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper.
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