• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 4 of 4 FirstFirst ... 2 3 4
Results 31 to 35 of 35
  1. #31

    Default

    So I went to our local auction room today... I haven't been for a while

    I went as I'd been given a call by a local agent about a property that I might be interested in a week out from the auction. This hasn't happened for a while so I took this to mean no interest. It was a property that had what on the surface looked to have a bad building report and being a really good agent knew I have the knowledge and contacts to fix the issues in the building report.

    I trot along to the house yesterday with my engineer to check out the building report issues only to find they're not as bad as the building inspector suggested, in fact my engineer was in the market for a new home so said he wanted to buy it, I don't need another home so we formulated a plan and along we go to the auction...

    I was shocked to find standing room only... I'm thinking this doesn't line up with my assumption of little interest... fortunately after a dozen or so auctions the crowd cleared and we got down to business.

    After a few bids from others we picked this house up for a bargain. I thought we were wasting our time but in the end we're happy... The vendor was in the room and it looked like they were happy too - likely knowing their house had issues and relieved they don't have to rectify.

    Sometimes auctions work out.

    After the auction I sent my roofer in to quote the roof replacement. The good news the price was $5k less than I told my engineer it would cost... the even better news the roofer said the current roof would last 3-5 years so no need to replace straight away!

  2. #32
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,447

    Default

    Oh for sure they work out sometimes.

    Sometimes for the buyer, sometimes for the vendor, sometimes for both. ALWAYS for the salesperson.
    Squadly dinky do!

  3. #33
    Join Date
    Feb 2015
    Posts
    412

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    So I went to our local auction room today... I haven't been for a while

    I went as I'd been given a call by a local agent about a property that I might be interested in a week out from the auction. This hasn't happened for a while so I took this to mean no interest. It was a property that had what on the surface looked to have a bad building report and being a really good agent knew I have the knowledge and contacts to fix the issues in the building report.

    I trot along to the house yesterday with my engineer to check out the building report issues only to find they're not as bad as the building inspector suggested, in fact my engineer was in the market for a new home so said he wanted to buy it, I don't need another home so we formulated a plan and along we go to the auction...

    I was shocked to find standing room only... I'm thinking this doesn't line up with my assumption of little interest... fortunately after a dozen or so auctions the crowd cleared and we got down to business.

    After a few bids from others we picked this house up for a bargain. I thought we were wasting our time but in the end we're happy... The vendor was in the room and it looked like they were happy too - likely knowing their house had issues and relieved they don't have to rectify.

    Sometimes auctions work out.

    After the auction I sent my roofer in to quote the roof replacement. The good news the price was $5k less than I told my engineer it would cost... the even better news the roofer said the current roof would last 3-5 years so no need to replace straight away!
    Can you post the listing ?

  4. #34
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,878

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    ... the even better news the roofer said the current roof would last 3-5 years so no need to replace straight away!
    So, it will be R&M rather than capital improvement.

  5. #35

    Default

    You're right... I hadn't stopped to think as we've been flat out but this just keeps getting better.


 

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
  •