Post to Facebook on 14/10/2019 3:32 PM
Commenting on “Melbourne auctions: Investor snaps up two-bedroom house in Middle Park for nearly $2m”
Oh, what an investor spending $2m on a two-bedroom house! Is the land value worth $2m or the property has some historical value?
I enjoy watching bidders‘ expression at an auction. Some stand with hands folded, normally away across the road, while some are too eager to put in the next bid without any hesitation.
Keep an an eye on the women; many instances they corner their male partners to put up their hands. What about the young people that come with their parents. They are eager to bid, because their financial backers are there. Why worry if the money is there to use?
The hype is on, and reports of rising auction outcome will be here to stay. However, the published results by Domain in past couple or three weeks are just around 75% or less, after a week of over 80%, and that was a quiet auction week.
Please remember, do your homework and attend as many open-for-inspections and auctions as possible. However, get your finance ready if you are keen to buy. Surprises can happen at unexpected moment. It happened to me several times.
Thank you for reading.
Commenting on “Melbourne auctions: Investor snaps up two-bedroom house in Middle Park for nearly $2m”
Oh, what an investor spending $2m on a two-bedroom house! Is the land value worth $2m or the property has some historical value?
I enjoy watching bidders‘ expression at an auction. Some stand with hands folded, normally away across the road, while some are too eager to put in the next bid without any hesitation.
Keep an an eye on the women; many instances they corner their male partners to put up their hands. What about the young people that come with their parents. They are eager to bid, because their financial backers are there. Why worry if the money is there to use?
The hype is on, and reports of rising auction outcome will be here to stay. However, the published results by Domain in past couple or three weeks are just around 75% or less, after a week of over 80%, and that was a quiet auction week.
Please remember, do your homework and attend as many open-for-inspections and auctions as possible. However, get your finance ready if you are keen to buy. Surprises can happen at unexpected moment. It happened to me several times.
Thank you for reading.
