• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 3 of 4 FirstFirst 1 2 3 4 LastLast
Results 21 to 30 of 35
  1. #21
    Join Date
    Jan 2012
    Posts
    1,115

    Default

    An old lady from the street passed away a little while ago. I miss her Christmas rum balls and the dog misses her Sunday roast leftovers. Her and her husband had the house build in the 60's. Every room still had original (or close to it) 60's wallpaper. A different pattern on every wall of the lounge and dinning room. Husband had passed and the kids all grownup and long since flown the nest. They knew me as an occasional visitor and neighbor to their mum so weeks later when they were cleaning the house I let them know I may be interested in the property if they were to sell. After having a couple estate agents look around, but before engaging one, they offered it to me at a fair price but just days before my financial situation changed and I was unable to take them up on it. They took it to auction and it was snapped up $40k below their asking price. Only one bidder. I was kicking myself!

  2. #22
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,864

    Default

    Quote Originally Posted by Learning View Post
    .................... but just days before my financial situation changed and I was unable to take them up on it. ........................... Only one bidder. I was kicking myself!
    Why kick yourself? You would have purchased if you could. You say that you were unable to take them up on it. Why look back with regrets? Don't do that. Life is too short for regrets.

  3. #23
    Join Date
    Jan 2012
    Posts
    1,115

    Default

    Quote Originally Posted by Keys View Post
    Why kick yourself? You would have purchased if you could. You say that you were unable to take them up on it. Why look back with regrets? Don't do that. Life is too short for regrets.
    True. :-)

  4. #24
    Join Date
    Aug 2003
    Posts
    7,763

    Default

    Quote Originally Posted by Frezzinghot View Post
    You are Bang on here! And first home buyers are very inexperienced and need help bidding at auction! Itís a scary place as you win it, you buy. Ban them I say, it only benefits the agents and a few lucky vendors in a hot market.

    FH
    Isn't this where a buyer's agent comes in? They're experienced and should do the bidding etc.

    cheers,

    Donna
    PropertyTalk Blog - property articles - About PropertyTalk

    BusinessBlogs - the best business articles are found here



  5. #25
    Join Date
    Aug 2009
    Location
    All of New Zealand
    Posts
    858

    Default

    Quote Originally Posted by donna View Post
    Isn't this where a buyer's agent comes in? They're experienced and should do the bidding etc.

    cheers,

    Donna
    Only inf the buyer is in a position to perform unconditionally and that's the whole point, any are not
    www.ilender.co.nz
    Financial Paramedics

  6. #26
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,421

    Default

    Quote Originally Posted by Dens View Post
    Well that’s makes one of you.
    I love the agents that string everyone along with lower price expectations than reserve. Just to bolster numbers on the day. Great use of my time.
    Yep.

    It's a system designed by agents for agents. Vendors and/or buyers can sometimes do well, but those are very secondary outcomes. The agents getting paid, and getting paid fast is the main reason so many auctions are held.

    These are my thoughts on auctions: https://duganotherhole.home.blog/201...n-new-zealand/
    Squadly dinky do!

  7. #27
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,421

    Default

    Quote Originally Posted by brokerman View Post
    Having bought two properties in recent years at Auction can definitely say they favour the well positioned buyer and not the seller. It is estimated that 80% of potential buyers either cannot or will not bid, that means only 20% can and by restricting the buyer pool the Agent is restricting the price achieved. (this is for regular property of course, not do-ups or those with development potential etc)
    Yep, if you're a buyer with all your ducks in a row, you can swoop in and get a bargain: https://duganotherhole.home.blog/201...n-new-zealand/

    And the seller has no idea if they got a good price or not. Genius system.
    Squadly dinky do!

  8. #28

    Default

    Quote Originally Posted by Davo36 View Post
    Yep.

    It's a system designed by agents for agents. Vendors and/or buyers can sometimes do well, but those are very secondary outcomes. The agents getting paid, and getting paid fast is the main reason so many auctions are held.

    These are my thoughts on auctions: https://duganotherhole.home.blog/201...n-new-zealand/
    Finally someone who gets it!!!
    "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

  9. #29
    Join Date
    Apr 2005
    Posts
    2,819

    Default

    Quote Originally Posted by Frezzinghot View Post
    Finally someone who gets it!!!
    But if the Government passed a law tomorrow, saying that every agent would have to get up off their lazy a***s and actually value a property, and then advertise it with a price on it... would that be a good thing?

    Would it help fit supply to demand?

    Or at lest stop money being shipped overseas wholesale, in the form of bank interest caused by (FOMO driven) high mortgages?

    You might find the shock from the change caused a nasty ripple.
    Maybe you'd have to start gentle.
    Make a law that 10% of the properties (at each agency) were marketed with a fixed price.
    And that the property's had to be selected evenly from across their QV spread.

    You might find some interesting dynamics arise.
    Hell, i'd do it just to see the fun.
    Last edited by McDuck; 01-03-2020 at 07:22 AM.

  10. #30
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,421

    Default

    Quote Originally Posted by McDuck View Post
    But if the Government passed a law tomorrow, saying that every agent would have to get up off their lazy a***s and actually value a property, and then advertise it with a price on it... would that be a good thing?

    Would it help fit supply to demand?

    Or at lest stop money being shipped overseas wholesale, in the form of bank interest caused by (FOMO driven) high mortgages?

    You might find the shock from the change caused a nasty ripple.
    Maybe you'd have to start gentle.
    Make a law that 10% of the properties (at each agency) were marketed with a fixed price.
    And that the property's had to be selected evenly from across their QV spread.

    You might find some interesting dynamics arise.
    Hell, i'd do it just to see the fun.
    I'm not advocating a law change.

    Just education of the public.
    Squadly dinky do!


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. The Tenancy Tribunal - Hate It or Love It
    By Perry in forum Property Management
    Replies: 10
    Last Post: 25-11-2019, 02:58 PM
  2. Anti-LL Hate Speech Continues
    By Perry in forum General (NZ)
    Replies: 12
    Last Post: 18-06-2019, 03:21 PM
  3. Art Deco Homes Do we Love them or Hate them?
    By babelulu in forum Property Investment (NZ)
    Replies: 11
    Last Post: 07-03-2014, 09:28 AM
  4. Some hate me and other love me
    By Glenn in forum Property Management
    Replies: 21
    Last Post: 06-12-2013, 12:55 PM
  5. don't you hate it when
    By eri in forum Videos
    Replies: 0
    Last Post: 09-10-2012, 07:26 PM
  6. Why I hate Phoenix
    By invogue in forum Property Investment (USA)
    Replies: 12
    Last Post: 03-04-2012, 02:23 PM
  7. I hate it when tenants...
    By NIK in forum Tenant Stuff (NZ)
    Replies: 2
    Last Post: 31-01-2012, 07:57 PM
  8. Hate the snoring but PS I love you.
    By rueben in forum Forum Funnies
    Replies: 1
    Last Post: 07-03-2008, 02:42 PM
  9. Billy Connolly's 13 things I hate about people:
    By muppet in forum Forum Funnies
    Replies: 2
    Last Post: 18-12-2007, 08:26 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •