We are looking at a lifestyle property 30min form Tauranga CBD, we really liked it and can see our family growing up there. The property is listed as auction, I asked the Agent about the Vendors current situation, and he says the Vendor’s motivation is high as they have put an offer on another property, so they are keen to see it go. CV $620k (2016), Agent says Vendors are looking $750k upwards. Similar properties have sold 25% above 2016 CV.
Having only been listed this week, there is quite a bit of interest already on the property. We have done our DD and are considering putting in a pre-auction offer of $800k to cut down on the competition early and avoid going to auction or having the auction brought forward, I’m not sure if $800k would be enough to tempt the Vendors to sell and avoid the auction all together.
Knowing that the Vendors are keen to sell to settle their other house, so maybe a pre-auction offer in this case could benefit them.
Keen to hear everyone’s thoughts, would a 30% above CV offer be enough to tempt the Vendor?
Having only been listed this week, there is quite a bit of interest already on the property. We have done our DD and are considering putting in a pre-auction offer of $800k to cut down on the competition early and avoid going to auction or having the auction brought forward, I’m not sure if $800k would be enough to tempt the Vendors to sell and avoid the auction all together.
Knowing that the Vendors are keen to sell to settle their other house, so maybe a pre-auction offer in this case could benefit them.
Keen to hear everyone’s thoughts, would a 30% above CV offer be enough to tempt the Vendor?
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