Experts warn Aussie househunters about simple mistake that could be costing them thousands of dollars

Brokers and buyer’s agents advised house hunters not to reveal their full pre-approval limit to selling agents, suggesting they cite a figure in line with the advertised price to preserve negotiating room. A buyer’s agent said the risk was greatest in fast moving markets such as Perth and Brisbane, where fear of missing out encouraged overpaying. Buyers were urged to research thoroughly and avoid impulsive decisions.