There are units in Sydney that I have visited recently and was interested in. Some I even put an offer. As I was interested in these units, I still remember the units and the addresses of the units a few months later. And I have seen a few months after visiting some units, that they were sold for lower than the best offer they had. It happened that I put an offer (a few thousands over the best offer they previously had), with the agent later saying : sorry, someone put in a better offer. But that is not what the sales history says. For instance, that unit they were asking for offers over 475k, I offered 490k, and the sales history says it was sold for 480k
So, what is wrong here ? Is it the agent who lies (again) ? (i've heard agents have a code of conduct that doesn't allow them to do such a thing) is it onthehouse data that is not reliable ? is it because the owner changes his mind and sells the unit to his brother at a family friendly price ? (which I doubt, because the agent who have told so)
There are units in Sydney that I have visited recently and was interested in. Some I even put an offer. As I was interested in these units, I still remember the units and the addresses of the units a few months later. And I have seen a few months after visiting some units, that they were sold for lower than the best offer they had. It happened that I put an offer (a few thousands over the best offer they previously had), with the agent later saying : sorry, someone put in a better offer. But that is not what the sales history says. For instance, that unit they were asking for offers over 475k, I offered 490k, and the sales history says it was sold for 480k
So, what is wrong here ? Is it the agent who lies (again) ? (i've heard agents have a code of conduct that doesn't allow them to do such a thing) is it onthehouse data that is not reliable ? is it because the owner changes his mind and sells the unit to his brother at a family friendly price ? (which I doubt, because the agent who have told so)
There is more to an offer than just price. I often make offers on properties with favourable conditions and win the property even though it wasn't the highest price. Often, waiving the cooling off period is sufficient to beat a higher price with "subject to finance" clause.
What if someone made an offer for $480k with really favourable terms eg you can live there for the next 12 months for free while you look for a new home to buy?
Inexperienced buyers often mistaken that price is the be all end all. It's just part of the overall offer and whichever appeals more to the vendor will likely be accepted by the vendor. Look at people trading in their old cars. Its not the highest price they could sell it for but the convenience of dropping off their old car when picking up their new car was a more appealing offer.
There are units in Sydney that I have visited recently and was interested in. Some I even put an offer. As I was interested in these units, I still remember the units and the addresses of the units a few months later. And I have seen a few months after visiting some units, that they were sold for lower than the best offer they had. It happened that I put an offer (a few thousands over the best offer they previously had), with the agent later saying : sorry, someone put in a better offer. But that is not what the sales history says. For instance, that unit they were asking for offers over 475k, I offered 490k, and the sales history says it was sold for 480k
So, what is wrong here ? Is it the agent who lies (again) ? (i've heard agents have a code of conduct that doesn't allow them to do such a thing) is it onthehouse data that is not reliable ? is it because the owner changes his mind and sells the unit to his brother at a family friendly price ? (which I doubt, because the agent who have told so)
Don't be too naive about what some agents do.
Some do intentionally lie & also inadvertently state some seller info that's actually to their disadvantage.
I've had a verbal altercation even with a well known local father/son agent (father) about the dodgy site works prep next door to my IP, he lied about his plans with his Mothers property..
He's bought 3 properties in that 1 street ..not side by side but they're close he's a smart cookie coz he's done 1 triplex sold spilt 1 block & then built his prop well away from my ip... Especially when he couldn't get approval for the parapet wall.
What they say & actually do just may no be what it seems.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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