I bought a $11.3 million apartment down the road after he told me another apartment I owned close by was worth at least 5 1/2 to 6m. I put that on the market and I didn’t get any bids near it. Whenever I tried to call him when I was buying the $11.3 million apartment he always took my calls. However, when I rang him to find out what was going on with my apartment that he was supposed to be selling for 5 1/2 to $6 million he would very seldom answer. It was extremely frustrating and I believe very unprofessional. After talking with a number of other people in the eastern suburbs they have had similar experiences. I believe this is a very short term approach to selling. I am sorry Ric but I can’t say I would recommend you to anybody. I ended up selling my apartment for $3.75m compared to the 5.5m-6m expectation relayed to me by Ric.

Ric Serrao








