Hi,
I've been in the market to buy a home (not just a house) for a little over 2 years now and have been getting rolled over by investors, overseas buyers, over bidding at auctions and crazy high powered Vendor Advocates.
I was wondering if there is such a thing as a Buyer Advocate who looks out for the needs of a buyer.
As an example, a house in Ferntree Gully, VIC was listed for 520K plus and eventually sold for over 708K. I know, 'cause apparently I was the second highest offer at 708K. Truth is that I stretched by about 48K over my budget for a house, which if you really had a look up front, is only worth MAYBE 665K. But the Goddamn Vendor Advocate just kept pushing for more. Annoys the hell out of me when they "can't reveal the competing offer amount"…I'm not asking for their stupid name and address! They really drive me up the wall!
I THOUGHT I'd only been to 45 auctions and private sales so far where I was trying to bid, but my wife reminded me that it was actually 68 houses.
I'm so sick and tired of losing out to people who are not even looking for a home but just a damn money maker. So is there such a thing as a BUYER ADVOCATE?
Any positive advice would be great. Thanks in advance.
Coming from the vendor's POV, would you sell your Ferntree Gully, VIC for 520k or 708k ?
Personally I think this is supply and demand at its best. Speculative or not is another matter. If you want a place to live in and consistently get priced out, perhaps stretch your budget a bit more ? or go for non auction ?