$1000 is like 5 months worth of groceries for Asian. I feel the vendor. However I think vendor is actually reluctant to sell from the beginning and they are really just testing the market.
💯$1000 is quite significant in that regard. Thats how I think of it when I drag out the auction to get the sellers one more bid. In this case, it’s insignificant compared to the sale price. The owners in this case are risking $737,000 for the sake of $1,000. It’s hard to say they’re testing the market since they committed to vacating the property, renovating it for sale and staged the house ($20k+ investment) just to see test it out. It seems to be more an emotional response to something the owner’s aren’t willing to share.
Hi mate, vendor pays for marketing, staging, photography, renovations to be presentable during the marketing campaign etc., but agent commission is not payable. My fee is a flat fee and not tied to the sale - so no financial harm for me (which is great, because I can focus on ensuring sellers get the best outcome at auction as opposed to a quick outcome)
Dont look at estimate properties values against the address it's junk. Best to looknat domain and realestate to see what things have been selling for and don't buy anything but just window shop for a few weekends. It'd gonna annoy the agents but it build relationships and keeps them looking for you as to what you really want.
Just wanna add when realestate agents blast you with all their upcoming listing's drive the thur and Friday nights to see if it's got hoons, loud neighbours or shady looking people at night. Also worth checking how traffic flows during school hours.
Find sale results for comparable properties sold recently. I’d suggest using CoreLogic recent sales database. Put the postcode you’re interested in, check properties selling in your price range to what your budget is or what you’re looking to sell for and look up property pictures to compare the condition of the property and the location. It will give you a good indication of what things are selling for and use that to approximate what the value of your property is. Everything that bign1667 is also very good advice. Get out there, have a look at the property at different times, inspect the property and try to pick up major red flags/green flags. Hope this helps!
Thanks mate, there’s never a dull day in real estate! Vendors had a great offer on their hands and they threw it away. Did everything I could to show them the bigger picture, but their decision is final at the end of the day. On the flip side, it just shows that as a buyer you can do everything right at auction and still not end up buying.
