Norm Smith Medallist
- Apr 21, 2018
- AFL Club
Relax and then make another offer. Lower.I'm not sure about other states but I'd assume they'd have similar rules. In VIC under the underquoting rules, if you submit an offer above the range that is taken to the vendors and not accepted then they must update the advertised range.
So if a house range is 500-550k and you offer 555k and its knocked back, they need to update the range by law or you can report them. I encourage people to report them whenever this is the case. Its the only way agents will stop this.
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