Agents that under-quote- 5 ways to outsmart them.

Under-quoting is now illegal and not to mention unethical but we all know it is still going on.


It’s important to draw a distinction between blatant under-quoting and competitive bidding, especially because auctions are designed to extract the maximum price for a property.

Auctions can often bring out the worst and the best of human emotions.

Forewarned is forearmed, so here are 5 tips from RealRenta to help investors handle agents who still use this tactic:


·         Be aware that under-quoting may be a factor in your next real estate transaction

·         Perform your own due diligence regarding the property’s value

·         Use the agent’s estimated selling price as a guide only

·         If the agent’s quote is significantly less than what you believe the property is worth, ask the agent to justify their price

·         Engage an independent buyer’s agent to perform an analysis on the property for you and assist in negotiations.



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Marlene Liontis
Monday, 16 September 2019

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