Home price trend, page-386

  1. 15,143 Posts.
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    well, i've just done a search in my area which shows a few properties don't add up. one sold for $2m more than they're worth today, 4 years ago! obviously a geniune mistake in that instance.

    so no, they are not connected directly unless the person 4 years ago wanted to pay stamp duty on an additional $2m, which i highly doubt.

    therefore my suspicions were right. there is an ability for agents to inflate sold prices in order to drum up more business and inaccurately mark-up the market with an excuse of the 'fat finger' if questioned.

    something not discussed in your industry i imagine, for obvious reasons. it's fraud.
 
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