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‘$100k blindside’: Home buyers stung by greedy vendors Queensland is in the midst of housing market boom and yet some houses are still not selling at auction and it’s all down to greedy vendors. Property by Darren Cartwright Premium Content Subscriber only Greedy vendors are squeezing every dollar out of desperate home buyers, some even holding out for unrealistic reserves that have forced sellable properties to be passed in, experts say. Over the past few weeks, several houses have failed to sell with real estate agents quietly claiming it is purely because of unrealistic reserves. One agent, who did not wish to be named, said one property they listed failed to sell at auction after the vendor factored in a 20 per cent increase in the reserve to offset the rising property market.

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