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How does that constitute auction night? You are talking about after the auction, I understand what the message he is likely to trying to pass on but the wording isn't the best for an article read.

Love you input on hyperlinking a post without any comments or feedback, thanks. Maybe people should do their own DD? Also I don't get his 5th point 5. Pre-auction offers You put in a pre-auction bid because you don?t like auctions, which the agent then uses as leverage with all the...

You could but is it worth the risk of 4k in the grand scheme? I am sure I could of potentially got my property for 5k cheaper but I could of really tried which might have let the vendor look at more options and then end up costing me another $20k or even miss out. In my example it was an...

Looks like vendors expectations were to high, guessing the bidder for $980k moved on and now they have nothing. With that asking price it might be difficult to obtain a 980k price.

90 people attended - 5 bidders Sounds like the vendors expectations on price was incorrect as no one felt it was worth over 1M.

or murder.. When I worked as a REA I would show people a signed contract for the property if there was another offer and I had taken the other offer. Countless times was asked can we see their offer which no one ever got to see. It becomes a bit harder to show an offer if it is signed...

I always wonder how people have no idea what their property is worth. Again some people will spend hours researching about a purchase of $5,000 like a TV but will not even look and come up with an estimated price for their house worth 100x more. My uncle and aunt didn't research before...

When I worked as a REA and a buyer would say STB I would use this clause This sale is subject to the Purchaser obtaining a building inspection report within three clear business days of the Vendor signing this Contract Note. If the building inspection report identifies a major structural...

That is why when ever someone says how should I pick a REA I tell them look at how they market/why they market a property in such a way and don't pay attention to what they think the property will get. When I worked in REA I could count on numerous occasions a vendor saying I am going to give...

The deal isn't unco so I would expect once it is unco open houses will cease. Cause if the deal falls through they have wasted any time with advertising or having to pay another relist fee on RE.com. REA isn't doing anything dodgy in fact they are doing a great job!

While I agree the agents do not get much for that $5,000 extra unless bonuses are used. I worked in REA and had an offer of 520k and the vendor wouldn't accept it. Said they could sell it for easily for 550k anytime go ask them for more money. I advised him that i feel the buyers will walk...

Don't know what the multiple offer form is but I would only sign a CoS. All offer forms are useless as it doesn't stipulate everything that would form the CoS.

It is more with buying listings saying your house is worth x and when it is really 50-100k less. My in laws were told easily 700k maybe upto 800k if lucky, sold for 580k nearly a year later. Uncle & Aunt were told 400-450k comparable sales were in high 300s and sold for 385k. Once an...

You had put an offer in and were not successful that is why you received a call at 9:30 as someone else was higher. A REA will not disclose the sale price until it is unconditional as it might fall over but you know it is higher. They are not playing a game or using a dirty trick. Also...