Search results

Yeh. If it did not sell for that apparent $590k, how do they expect it to go for $606k?! Unrealistic vendors!!

Looks like both the front and the back properties are on the market for sale and for rent ($600 pw) by the owner on gumtree :D See I told you, it was never sold!!! http://www.gumtree.com.au/s-ad/merrylands/property-for-sale/merrylands-hilltop-area-nsw-88-burnett-street-for-sale/1001315168...

Some good news guys! My aunt just signed a contract for a place for $510k - 40k-50k below market value (4 bedroom townhouse) - (I hope the vendor signs it in one piece tomorrow morning!!! And that strata report is good! The complex looks well looked after but I personally have been burnt before...

Lizzie, not even report it? I'm keen to see what happens. It's the second time this agent has done something similar

Hi NedKelly, I don't agree. I see it as cheating. Not everyone knows as much about property and people tend to get emotional when it comes to buying home for family especially at auctions. Why should vendor be determining the price through dummy bidding? the buyer determines the price and not...

Is there a list of licensed auctioneers per area? I'd like to know the name of the auctioneer. I only remember the first name. The agent has now been told that it was all planned, the auctioneer was in on it and that there is a fine of $55k. She has denied any knowledge AND that the other buyer...

Lizze, I have no doubt that that bidder was related to the seller. Why would he want to even attempt to convince us of a val of $643k when the comperative sales show that the only houses sold around the $625k are 5BR houses on a large block of land (and not on one like this - i.e. 300sqm). The...

Wylie, I was considering that. However, the agent doesn't know we are related....The agent TO ME has said it's already signed and sold! I could suggest my aunt to let the agent know about the legal issues. And the agent hasn't asked anything in writing...and could just say she no longer wants to...

Terry, thanks for the links. No the auctioneer didn't announce the neighbour's bid as the "vendor bid". I don't even remember the auctioneer making a vendor bid other than saying the house was on the market after consulting the vendor. I'm not sure though how to go on about it. I don't want...

Terry, what are the legal repercussions in such a situation? The seller probably didn't expect this to happen. How could the property be immediately available for another buyer? I could report it. The auctioneer is likely to have known as he was out there trying to convince the other bidders...

Haha yeh :p it was my first visit to an auction :p The auctioneer obviously knew something wasn't right so he was the first one to flee the scene. No body wanted to buy the back one. I used to hear auctions are full of potential buyers but here there were hardly any!

Wylie, I will keep you posted. So my aunty didn't call the agent back yet. She has an upper hand now. This property has been on the market since early Feb leading up to this auction. There have been several open homes and intense marketing. One of the drawbacks I see is the busy road infront and...

But he won the auction? Isn't it unconditional?

Today I went to an auction of a brand new property around the Parramatta region (not Parramatta/Westmead though) on a relatively busy road. My aunty has been looking to buy a property and has enough cash to put on a 500k-600k property. The property we saw was a 5BR double story house on 300sqm...