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Hey guys, just out of curiosity where are you getting your false information about Fairlie Court being sold ?
Touché. We stand corrected.
UNDER-QUOTING DISCUSSION IS
RALLYING HERE:
http://smh.domain.com.au/real-estate-news/blogs/domain-investor-centre-blog/underquoting-will-never-stop-20110928-1kwrm.html?comments=135#comments
COMMENTS AND ALL there.
Celebrity surgeon wins real estate battle
http://www.heraldsun.com.au/news/more-news/celebrity-plastic-surgeon-chris-moss-wins-real-estate-battle/story-fn7x8me2-1226171635892
Agents beware.
Step-quoting, deceitful offers, and like. Interesting judgements and comments.
In decision too.
Yes, another reality agents are challenged by.
Hidden auction part of the action
http://smh.domain.com.au/real-estate-news/qa-hidden-auction-part-of-the-action-20111014-1lnlo.html
Times are changing – to love.
What to believe, what’s the trigger?
http://www.theage.com.au/business/super-saturday-results-just-soso-20111023-1mebh.html
They’re the questions.
KW
BENTLEIGH – ’16 Coates Street, ‘
Although you write it
sold
It took in or about 4 months and passed in at auction last year.
Not a good result, poorly marketed on price one can say as well.
You wrote, “… Another EOI. Quoted up to $5.5 million, motivated vendor prepared to sell at $5.25 million and received $5.62. Happy? Maybe. But the Council valuation was $5.5 million, which doesn’t suggest a speed record.”
But COUNCIL RATES are not a statement on market valuation of a property, being out of date, rarely updated, and at very best, very very conservative, as a result. Anyone relying on this and in section 32, this is naive, with respect.
Yes. You are right on all counts. But that was the point. If the Council had it at $5.5 million, selling for $5.62 million suggests there’s a much softer market now than some vendors recognise. Sorry if that wasn’t clearer.
Market soft!? Doubt it. It’s how houses are sold. Many houses can sell a lot higher but owners use wrong agents often. Seen fantastic houses sell and hundreds and sometimes millions over laughable council rates as well.
Yes, Jessy, agents can make a difference and we, too, have seen houses sell for millions over Council valuation. But that’s the point being made in the article (maybe we should have been clearer) – when there’s only a hair between the Council’s valuation and the actual sale price, it’s a fair bet that you’re looking at a soft market.
Yikes! One house leaves no room to assume like this and using a council valuation, ROLF. Market is seriously strong, not bleeding or limping guys.
Hi, Kony. One house? It’s one house in a long line of one houses. And when you have finished rolling on the floor, you might sit up and wonder what it means when a house sells close to its Council valuation – valuations which are notorious for being way lower than the prices people really pay. It’s shouting “falling market!”, Kony.
Look up what ROLF means.
It is not on the floor.
Seriously, you are not awake with the real market.
Short string, you mean. Do not know why agree Kony they even mentioned one house.
That is how keen they are to buy for people.
But are beaten to the mark. By me, millions over what they offered. And friends with money.
OK, maybe Kony wasn’t rolling on the floor – or was that a typo? Nice puzzle, Juliet, I’m trying to work out what you mean by “Short string, you mean. Do not know why agree Kony they even mentioned one house.” And where did you offer millions over our offer? Be good to know why our valuations are so different.
It’s OK to try to buy low.
Give addresses of 50 houses also that sold in last 6 months in inner city Melbourne (eastern side) within 10 kilometres that sold below council valuations.
Buy low? Price isn’t everything (if it’s the wrong house, it will never be a bargain). But buy low? Yes. It’s what we do.
50 houses in inner east? What is this? Homework?
Think it was for you to back up your claims, that’s all.
Don’t think it was homework.
Doesn’t seem was about buying loss price either. Of course
bargains aren’t bargains, goodness Management. So simplistic.
Many buyers actually are very well informed. Now with internet, it’s harder to say why use agents, brokers and rest too.
I think we’re at cross-purposes here – just what is it you think we were claiming?
Nonsense
They should T.AP – they’re the experts! Righto East is priceless, west is … well we know.
Brenda
Records being broken, though. $2.930m McKinnon on Saturday – and several others not reported off market, private sales near Glen Iris, Camberwell, Hawthorn and in West. Market is on the “up” – and people who don’t buy will likely pay more soon.
Reckon buy, sit back and relax – or wait forever.
See today’s Top End Trends. Everyone agrees with you. Or not.
WHAT about some other buyer advocates – who wear hats. Making the market look great by saying house in Kew Barnard sold over $6m
When was quoted less than $3m by several hundred thousands
Must be a mistake
You can see market and it’s doing not bad at all, but if not a mistake why?