Overpriced property sales: Houseproud owners might be demanding too much

We’re well familiar with the real estate phishing scam of underquoting by agents to lure unwary and inevitably disappointed buyers to attend and beef up the numbers at auctions of places they could actually never afford.

Thankfully, because of legislation to outlaw the practise, it’s a diminishing, if not entirely disappeared, exercise.


Many “houseproud” sellers often overestimate their home’s value, leaving potential buyers unimpressed. Photo: Luis Ascui


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