Got to love out of area agents! Mount Druitt steal in this market

[MsAli]

Hi All,

Gotta love out of area agents. Agent is located 49km from the property.

Good for the buyer making money going into the market.

Purchase Price: $300k
Market Value: $380k
Rent: $320-$330pw

http://www.realestate.com.au/property-apartment-nsw-mount+druitt-118477095

Edit: Also appears it was sold for 307k in Nov 2014. So the vendor must be in a rush to sell it at a loss!

Cheers,
MsAli

 

[Biz]

Agent is offering FREE market appraisals!!! Zomg! Don't miss out!

 

[DDDKEFather]

Hi All,

Gotta love out of area agents. Agent is located 49km from the property.

Good for the buyer making money going into the market.

Purchase Price: $300k
Market Value: $380k
Rent: $320-$330pw

http://www.realestate.com.au/property-apartment-nsw-mount+druitt-118477095

Cheers,
MsAli

It's hard to believe that the seller would not have had an idea before hand what the unit would have been worth.

It might have been sold to a family member or they were completely ignorant of the market.

 

[RetireRich101]

could be an updated sale. though different owner Nov 2014 and now, the selling agent is same as in Nov 2014 with identical listing description. I don't believe there was open market sale/listing for recent. note bottom of listing "...so that you can move in before Christmas"

 

[ZachAnSel]

I heared that the owner was overseas and his relatives "help" them to sell. Too bad they dont know the market and trust agent from Narellan to sell Mt Druitt. This is example pig to get slaughtered