A TRUE STORY FROM SATURDAY MAY 30, 2015
The Sydney housing market is now as strong as I have ever seen it. It's like a wild bushfire - out of control and setting alight everything in its path.
Bought from 'bleeding' investors.
The first owners lost at least $50,000. They were Australians who bought the place off-the-plans.
But it still hurts.
These are the two basic and fundamental rules of doing business over the Internet.
How buyers can get noticed.
It may be best to work out your absolute maximum and offer that in writing to the agent with a copy to the seller's lawyer and to the seller.
Slaughtering the savings of agents.
We tried to have the credit card payment stopped. It was too late, our money was gone.
Crooks often commit many types of crimes.
He phoned with an offer $140,000. We said we'd accept $142,500. Five minutes later our home was sold.
Pushing investors into big black holes.
The bank finally told us the property was valued at $260,000.00. We paid $355,000.00.
How thousands of buyers get bitten.
Agents have a common saying among themselves – "All buyers are liars". Sorry, but they are talking about you.
Agent incompetence and auctions.
It sold for more than $100,000 below the asking price of an identical unit in the same building.
What do agents hope to achieve?
Raimondo, it must be remembered, once claimed that he had never heard of dummy bidding, either.
Agent ignores Real Estate Institute training.
"Oh, I didn't want to go that high. Oh, I feel sick ..... Oh, I didn't want to go that high".
A sale is a sale and business is business.
"You signed the listing agreement which gives us the right to claim our fee if the property is sold."
Mystery bidders who never seem to buy.
I am sure the phoney bidders are all genuine and that Ray White Surfers Paradise would never deceive the public.
How some buyers try to rip off sellers.
The verbal offer they had made was now reduced to $225,043.75, having deducted the buyers' expenses!!
A message and an offer for all property sellers.
Our unit's value dropped $30,000 in just three days! At this time when I was reading the chapter on the conditioning process.