I just attended two auctions today, and was quite confused by what I saw. They are both double storey apartments in the same compound, just mere steps away from each other.
Auction 1:
Auction 2:
What in the world happened??????
Auction 1:
- Took place morning
- Completely unrenovated, but decent condition with only cosmetic wear
- Bigger backyard
- Front facing North East
- Unstaged (no fancy furnitures, etc)
- Realestate.com.au advertised as 'Townhouse'
- 4, 5 bidders; from $350k to sold price $425k
Auction 2:
- Took place afternoon
- Renovated; decking backyard (but no grass anymore), painted interior, recarpeted bedrooms
- Smaller backyard
- Front facing North West
- Staged (contemporary furnitures and art wallpapers and all, radio playing some classical jazz)
- Realestate.com.au advertised as 'apartment'
- One bidder only; one bid, $340k
- Later sold for $410k after negotiation
What in the world happened??????