Tag Archives: advertising

ANY FOOL CAN SELL A DOLLAR FOR SIXTY CENTS!

Today I received the following flyer in my letterbox and of course was very interested to know what the property had sold for.  I searched online for the original advertisement and found it advertised at “Range $759,000 – $819,000”.  This is a most ridiculous practice and if any Agent ever suggests it to you – tell them NO!  If you, as a buyer, were confronted with an advertisement like this, where would your first offer lie?  At $805,000?  No, I didn’t think so.  You would treat the lower figure as a price the Sellers MAY accept so you would pitch under that.

Of course that actually happened, with offers starting at around $705,000.00

Good Grief!

Good Grief!

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MARKET – 19 NOVEMBER 2012

Mortgagee-In-Possession, In Receivership, Divorce, Bankruptcy Forces Sale, Bank Repossession, Overseas Vendor Quitting Market, Major Investor Consolidates.

Over the last 25 years I’ve read, watched, analysed, bought, sold and commented on the realities of the real estate market.

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