Record # of people at open home: nosy neighbours or interest rate cut?..

WOW - completely different story to our neck of the woods. We're going to opens and we're the only ones there. And while we've had a lot of "interest" (read "lookers"), we've not had any offers yet. Most of the lookers need to sell somewhere else first - vicious cycle.

Well done penny, take it while you can!

Thanks.. we definitely will. I'm actually also trying to sell some property 2 suburbs away, from my mothers estate. We are finding it much more difficult, and we've only had really low offers. So, we really werent expecting such a positive response.
 
In which case you may be able to get a backup contract from one of the other two, incase the first one falls through.

Our interesting week continues.. we ended up with 6 offers.
The agent went back and gave a deadline of 12 noon today to submit their best offer.

Again, we had 6 offers, all within 10K of each other.
So, we knocked out the 2 lowest offers, plus one high offer but where the buyer was needing additional time to organise finance.

That left us with 3 offers.... the agent went back to them to see if we could get a clear winning offer.

The result of that is that we have 3 offers from 3 very qualified offers all at exactly the same price!! :confused: None of them will increase beyond their current offer.

So, we have given ourselves an hour to select between them... but it will primarily on gut feel rather than any logic, because the logic is equal between them!!
 
Pick the guy whose finance is most likely to be rejected. When he fails to settle, take his 10% and put it back on the market for the same price and you get 110% for your property.
 
Pick the guy whose finance is most likely to be rejected. When he fails to settle, take his 10% and put it back on the market for the same price and you get 110% for your property.

no, we're all for making the process as short and painless as possible.... a bird in the hand is worth 2 in the bush. We may not be so fortunate if we have to go through the process a second time.

but it looks like we'll be all settled before Christmas..... and quite possibly homeless, cause the reno's on our new place may not be ready by then! oh well, one thing at a time!
 
Good for you Pen! Well done all round :D

I'm sure Aaron's comment was tongue in cheek - after all when was the last time you experienced a sale falling over before settlement :D
 
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