Essential Property App - RealAs
HOUSE PRICE UNDERQUOTING IS A FUNNY BUSINESS....
Underquoting in the real estate industry affects buyers across Australia. The practice involves intentionally 'baiting' potential home buyers with lower bait prices, when in fact the reserve price or expected sale price is above even the top of the estimated selling price range as quoted by the real estate firm.
TIME TO GET REALAS!
That is where RealAs can come in handy. Set up by a trio of leading Melbournites (link to BRW article), the application based on an algorithm developed by RMIT University, has been designed to estimate the selling price of any residential property in Australia with a high degree of accuracy.
They aim to save buyers the time and headache of fronting up and paying costs for inspections on properties that were out of their budget to begin with.
Search for 'RealAs' and download the app from the Apple or Android app store to get this free app.