Real estate experts reveal the 'surprising trend' costing sellers $85,000 ...

A simple mistake could be costing homeowners a whopping $85,000 loss from the price of their home. 

The owners of 229 Denison Street in Newtown in Sydney's inner west were confident their house would fetch $1.7million because the house next door sold for $1.58million the year before.

They were offered $1.56 million and turned it down, causing them to lose $85,000 because the house was eventually bought for just $1,465,000. 

The owners of 229 Denison Street in Newtown in Sydney's inner west were confident their house would fetch $1.7million because the house next door sold for $1.58million the year before

The owners of 229 Denison Street in Newtown in Sydney's inner west were confident their house would fetch $1.7million because the house next door sold for $1.58million the year before

They were offered $1.56 million and turned it down, causing them to lose $85,000 because the house was eventually bought for just $1,465,000

They were offered $1.56 million and turned it down, causing them to lose $85,000 because the house was eventually bought for just $1,465,000

John Carew of Mayfield Property Buyers, buys properties for his client and told news.com.au that vendors have the pricing expectation from 2017. 

'In a lot of instances the original price guides for the property are too high. This means

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