This one's too vertical for us
The next we declared to be a risky proposition, with issues identified in the building & pest report. Didn't stop a brisk auction happening though.
We had a go at the auction below. This one was just far too expensive! The hunt continues.
I took a special interest in this one. After four months of looking, we've finally identified a house we'd really like to buy. The auction for that one is in two weeks time. We've hired a buyers agent to assist, as you do. The seller's agent, after all, is there to work for the seller, trying to maximise the price. Our chap will cost quite a bit, but the gamble is that his know-how could save us many times more. The sums involved are enormous.
As well as open homing most Saturdays, we're also attending quite a few auctions, to get a feel for how it all works, and where the market's at.
And it's all appropriately educational. While one house auction last week had wild bidding involving 9 competing buyers, others attract no bids, or none of any interest to the hopeful vendors.
It's especially so for land auctions, I've noticed.
Only trouble is, nobody at the auction the other day was appropriately impressed. Offers of over $2 million had been rejected, they'd said. The bidding started with a vendor's (ie fake) bid of $1.8 million. A real person responded with a real bid of I think $0.58 million. The auctioneer tried to laugh it off. Nothing much else happened after that.
Being a potential buyer of Buderim land in the near future myself, I rather enjoyed this fun little show.
