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I suppose that was smart given that I bought it despite my dislike of auctions. My guess is that others would have paid more if it was properly marketed (ie not an auction) but being obsessed with value I wouldn't have ;)

A good question, James, as what is the 'done thing' changes people's expectations, though won't necessarily make them happy. Eg until recently if you were going to buy in Melbourne's Wakelin Belt then excluding auctions properties will greatly reduce choice. So though as a buyer you might...

WHAT MOST PEOPLE ARE USED TO For the majority of people (and myself as a newcomer), option 3 without a doubt. Forget real estate and think about trash & treasure markets, ads in the Trading Post or the local used car yard where the following conversation takes place thousands of times a...