Not having much experience with agents I’m wondering if they all have a valuation done on properties they are going to sell or if they just take a price from the vendor?

Looking at warehouse/showroom deals in West End, Brisbane. A property that we KNOW went in the mid $400K range is now listed at $735,000 by the agent who says that is the price the vendor gave them.

Are they trying it on? Is the vendor genuinely unwilling to sell so he’s put a ridiculous price on? The agent has given nothing away when I ask about it, just “That is the price the vendor gave us”.

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