Recent content by openpick

Thanks for that - it's a tactic we've never encountered before, hence our reaction. I guess in this instance they didn't achieve the highest price possible, as our immediate reaction was to offer around the value of similar recent sales rather than our limit. Had the auction gone ahead, our...

Thanks - that makes some sense. We hadn't encountered this situation before as every agent we've ever dealt with is more than happy to facilitate gazzumping. Cheers

I'm not fussed about missing out, I'm more curious about the desired outcome for the vendor/agent. I agree re: phone/silent auction, in similar situations I've always had agents come back and say 'there is a higher offer' in an attempt to get the highest price possible.

Perhaps I am dumb, but the only tactic i can see is to obtain the highest offer by a certain time. I'm trying to understand why it is in the agent and vendor's best interest to then refuse any other higher offers, even if the other buyers are prepared to exchange immediately.

Hi all I'm interested in why a real estate agent recently employed the following tactic, if anyone has any idea?... House due to go to auction this weekend, and the agent wrote to me (and other interested parties) yesterday stating 'the owners have instructed me to get your best and final...

I'm looking to spend approx 350k on my first IP and am looking for some suggested areas. Looking for positive cashflow and some capital gain over 5-7 years. Sydney region would be my preference since I know the area fairly well, but would also consider Newcastle, Brisbane, or anywhere else...

Why is that?

thanks! much appreciated

Hi I'm looking for a buyer's agent to bid on a house for me at auction in a couple of weeks time - in inner west sydney. Can anyone recommend one? Cheers