| 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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I would like to take this opportunity to thank Filipp Lauretti for his time and knowledge whilst helping me recently purchase a unit. He had actually shown me through another unit, and after listening to me describe what I did and didn't like about that one suggested that I view another one. As soon as i saw this one I loved it...This only came about due to Filipp really listerning and taking an interest in what my priorities were. He was also very flexible in arranging several viewing times around my work schedule (as I was away for most of the time). I would highly recommend Filipp to anyone interested in having a great agent to buy or sell property from. Fran Uebergang - Wollongong |
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In my dealing with Peter FitzGerald Real Estate, I have found them to be helpful and professional. Despite living 5 hrs away our enquiries were always answered promptly with nothing being too much trouble. The stress of selling a property was eliminated through their efficient work practices. My mothers home in Mt St Thomas sold in days and at the full price. Thanks again Jason. Wendy Maxworthy - Mt St Thomas |
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