if real estate agents won’t tell the truth, I will

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The only thing that’s real about the real estate industry is the apparent dishonesty.

We bought our first house in 1984. It had previously been owned by the kind of real estate mogul who knew which suburbs were on the move. It came with a needy neighbour, an outside dunny and was right under the flight path, but we loved it. We made our first baby there and then our second.It became clear we needed a laundry, an indoor toilet and, spare me your judgment, a kitchen which had room for both a fridge and a dishwasher.

Here’s what I discovered this week. My kids are on the lookout. In fact, I’m friends with an entire generation of parents whose kids are on the lookout, both for their inheritance and the prospect of leaving behind the government-sanctioned malfeasance of renting. Which brings me to this predicament.A couple of weeks ago, a long-time friend discovered we were planning to downsize.

It’s nearly impossible to get anyone defending real estate agents in Australia, but Sherry said agents can’t ever – really – tell how many people are going to show up at an auction and how much they are prepared to spend. She says the best way to prepare yourself for what you should pay is to look at all the houses.

 

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