Hello,
I've been casually looking for houses, as it's not a bad time to buy for us if the right thing comes up and trying to figure out if I can afford something we've found.
I was wondering if the prices at auction are still typically more than advertised? I know there has been some regulations/restrictions to the advertised price of places in the last few years.
EDIT details: Looking in Preston, Vic 3072. Going to auction.
Cheers
What state/location?
Syd had growth last month for the first time since July 17.
Obviously varies wildly. Last place I was looking at a month or so ago was wanting offers over $550 and ended up selling for $460.
Your question needs to be a lot more specific as there are too many variables. Are you looking for anecdotal experiences? You will find a lot of opposite answers.
Stop casually looking and get out to some auctions for properties you like - then see if they’re selling in your price range.
Equally crazy, I went to an apartment last night and it didn't crack!
We're on to you. Clearly you are a employee of Big Apartment.
That's a very strong accusation. Strong like the foundations of high rise residential complexes that make home ownership in desirable and convenient locations possible.
Resistant like the flammable cladding that shields the strong foundations of high rise residential complexes that make home ownership in desirable and convenient locations possible.
Hahahaha nice.
If you ever need a claque at a presentation, let me know.
Not many prices listed in the real estate windows when I look….. tells me prices aren’t going up.
Showing a 503 error at the moment but you might be able to track prices on
www.daftdropau.com once its available.
Don't be shy to be an arse when negotiating for property, after all, each word could end up being worth thousands. Throw some low ball offers and see their reaction, in the end if you are the best price they will respect the offer.
If you aren't the best offer, well, they might scoff at you, but least you know you tried, and you're best isn't as much as some other person.
Property is often paid by the person who sees the least fault in a place.
I had an experience with a real estate here in 3150, Victoria. The auction bid went over the stated advertising price , but the auctioneer just won’t accept the highest bid but continually put up more ( vendor’s bid). As a result the bidders got fed up and it became a “ passed in”. I was frustrated too and asked one of the sale consultants on spot “ what is this about? Interested party already offered more than your advertising price and yet…..Don’t you think you guys have been unfair to these people who come here to bid… don’t you think you guys have done so against the realestate rules/laws..”. The realestate agent however insisted they were on the right. The house was left sometimes in the market , and was sold later at an unknown price( to me).
Yeah this behaviour of the real estate agents and vendors sickens me. How can you have your reserve above the price guide? It's just dishonest, and I thought it was actually illegal
Report them next time. That is no longer allowed. If it doesn't go on market within the advertised range then 100% they were deliberately understating expected price.
Generally Preston is a great suburb to buy in, planning in neighboring suburbs has changed and there is a lot of subdivision and apartments being built. In saying that look for what school particular property would be zoned to, the public transport links and any issues with surrounding streets.
Sometimes. Not all the time. Often. Maybe. Regularly. Oft.
any updates from OP ?
Went to an auction in Preston and saw 4 couples bidding against each other well above the reserve (last weekend)
Depends.