The comments below were published on Talking Property with Domain.com.au in response to a blog posting “4 Things To Know About Adding Value To Property” by Alex Brooks. ———- The title of your article is quite accurate. The key to renovation is “adding value to property”. There are renovations where people do in fact add value. And then there are […]
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Right on the money
OH Property Group agents are well known for our market knowledge. Many selling agents actually contact us and invite us to view their new property listings so as to get our feedback on the price. Selling agents call us for several reasons: we see more properties than even selling agents do – hence we have […]
Unrealistic seller + incompetent agent = no sale
At an Auction today, a bid was made by the sole bidder at 1.6 million. This was swiftly followed by a Vendor Bid at 1.9 million. Needless to say, the property did not sell. This Auction is a classic example of when the seller and buyers are not on the same page. The seller is […]
What do YOU think this property is worth?
Many properties which are for sale by Auction are not advertised with a price guide. However, usually when a buyer calls or asks the agent at the Open for Inspection, the agent will suggest a price range or at the very least give a sheet of recent sales in the area as comparables. There are […]
Trend of under-quoting
In the past couple of months, we have noticed a disturbing re-emerging trend of several agents in the North Shore under-quoting significantly as a strategy to attract buyers. Aside from this being an unethical and illegal practice, we actually feel that this is not necessarily a good strategy for the seller or their agent in the long run […]