| WE SAVED THOUSANDS BY BUYING AT AUCTION | E-mail | |
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Yes, this is how auctions get lower prices.
Febuary 13th, 2006
But not for my friends. The thought of the auction made them so nervous they couldn't even eat a scone in the nearby cafe. This was how I found them prior to the auction when I arrived to discuss strategies. I was to be their nominated bidder. "I need to know the maximum you'll pay, and I won't exceed your figure by even a dollar, so think carefully." I said. Soon, I walked away with their written maximum price - $383,000. The auction was attended mainly by curious neighbours. No opening bid was made so the auctioneer started with a vendor bid of $330,000. Still silence from the crowd so the auctioneer made another vendor bid of $340,000..and then $350,000. Soon, the property was passed in at $350,000 (vendor bid) and the crowd left. We approached the agents to negotiate. The agents didn't try to get our highest price, but instead played the role of messenger between us and the vendors inside the home. Each time they emerged from inside the house, the price dropped. First $380,000 (reserve)..then $365,000 and finally $361,000. Sold! And we were prepared to pay $383,000. We bought it for $22,000 less than we were prepared to pay. What a buzz to help my friends save so much money!
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Yes, auctions are often wonderful for buyers. But, for sellers, there are four words they should remember about auctions - 'Auctions get lower prices'.
Stories posted on this site are authentic.
This story is taken from the Stories page of the Jenman website. |
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After interviewing three other real estate agents, as a group we elected you to guide out thoughts rather than our emotional value of the house. In this case you saw $30k more in the house than your competitors, in which you achieved in the sale.
Our father built this house in the 50s, I can write a novel on the conversations over the years that mum and dad had when building it. Therefore it held a great deal of sentimental value as well as all the fond memories of the family growing up in it, so it was imperative to the family that we have the right person sell our family home.
On behalf of my family we express our sincere gratitude on the sale of the family home, particularly with your understanding, professionalism and skill that sets you apart from your competitors.
Kind Regards
John Aquilina - Mount
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Our family would like to thank you for the work you put into selling our parents home. We were very happy eith the work you put into the sale. We know it was a bad time in the market, but we were all happy with the price we got, Mum & Dad were also very happy. We would recommend your agency to others as we were recommended by our friends who were happy with you and your friendly & helpful expertise. |
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