Many selling agents defend underquoting by saying that the market dictated the price and competition drove it up beyond expectations. In some instances, and within limits, this is certainly true. In the case of the below property situated in a blue ribbon part of Roseville, our agents felt that this property was heavily underquoted. The […]
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Auction Action – 27 March 2010
This 4 bedroom house in Turramurra was sold at Auction for 1.622 million – way over the price guide quoted during the marketing campaign of “over 1.25 million”. This Epping house consisting of 2 bedrooms and 1 bathroom on just over 300 m2 of land was sold at Auction for $726,000 and saw 20 registered […]
Auction Action – 27 February 2010
A packed onsite Auction today saw a 3 bedroom / 1 bathroom house in run down condition sell for 1.010 million. Interestingly enough, the winner of the Auction made a mistake during the Auction process and was actually willing to pay 1.1 million – until the Auctioneer corrected the mis-bid. The Auction clerance rate in […]
2010 Auctions off to a strong start
Today is the first full day of Auction for 2010. Our agents were present at 4 of the Auctions (see below) today in Sydney and their feedback is that the market is HOT HOT HOT. All 4 properties were sold under the hammer today for very strong prices. The market has not only picked up where it […]
The FOMO (Fear Of Missing Out) Factor
Are you one of those people who religiously crawl through all the real estate listings online every day? Do you subscribe to property alerts by email or SMS so you don’t miss out on that new listing? Do you attend Open Inspections and Auctions every weekend? A property is usually the single largest investment a person makes. Hence it […]
4 Things To Know About Adding Value To Property
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 […]
Record breaking Auctions
Two interesting Auctions took place on Saturday, 14 November 2009. Both Auctions saw record number of registered bidders for the respective agencies. 140 River Avenue, West Chatswood (2br/1ba/2ga) This brick-veneer and run-down deceased estate saw a huge crowd turn-out at Auction and 24 registered bidders. The initial price quoted by the selling agent was around $650,000. […]
When a little history goes a long way
As Buyers’ Agents, we believe that information is power. Unfortunately in Australia, the buyers are at a significant disadvantage compared to sellers when it comes to access to information. Take the following property as an example. This property was sold on 29 August 2009 for $1.61 million. The priced advertised by the agent was “over […]
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 […]
Beauty is only skin deep
Many people are so busy these days that it is understandable that when they buy a property, they want something that needs the least amount of work. Many of our clients want properties which have been recently renovated or close to brand new. Our advice to our clients has consistently been that new does not […]