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Showing posts in "Real Estate"

WHAT SHOULD BE DONE ABOUT UNDERQUOTING IN REAL ESTATE

Underquoting can cause interested buyers to waste time and money on inspecting properties, getting reports, and attending auctions based on underquoted estimates of the selling price. So how does Fair Trading with the help of the ACCC eliminate underquoting? Simply... Read more

7 AUCTION RULES

  Follow our 7 rules of bidding at your next auction to increase your chances of success.   1. KNOW THE MARKET. Determine the fair market price of the property and then decide what the property is worth to you.... Read more

A BATTLE OF WITS

  There are always exceptions to the 7 Auction Rules. Here, I enjoyed a robust battle of wits with the auctioneer. Great auctioneer and top bloke. If you love a good battle of wits as much as I do, watch... Read more

4 BIDS CAN BUY A PROPERTY AT AUCTION

  The bidding for this property opened at $1,400,000. I started bidding at $1,701,000. The property sold to my clients for $1,751,000 after I bid only 3 more times.   Guess what? Our auction fee was again complimentary. Want to... Read more