I just watched Selling Houses Australia where they fixed the house that had been built 27 years ago, but didn't have a front entry, and two bathrooms out of three had never been finished. They had never sat on the balcony due to not ever installing railings, and had three children grow up with that dangerous situation (though apparently kept the doors locked).
They were wanting $1.4M and it seems they spent $80K to $90K to get it finished and ready to sell. At the auction they were offered $1.407K which they turned down.
It is now on the market for $1.595K.
I believe they should have taken the money and run, but I'm curious for those in Sydney who know this area whether they are asking too much?
http://www.realestate.com.au/property-house-nsw-grays+point-116210735
They were wanting $1.4M and it seems they spent $80K to $90K to get it finished and ready to sell. At the auction they were offered $1.407K which they turned down.
It is now on the market for $1.595K.
I believe they should have taken the money and run, but I'm curious for those in Sydney who know this area whether they are asking too much?
http://www.realestate.com.au/property-house-nsw-grays+point-116210735