Tell 'em They're Dreaming!

Discussion in 'The Buying & Selling Process' started by hammer, 17th Feb, 2016.

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  1. Big Will

    Big Will Well-Known Member

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    Someone is still buying there;

    6606/7 Anchorage Court, Darwin, NT 0800 - Property Details - 640k for 2/2/2

    100k difference for 1/1/1 less...
     
    Big Will, 21st Dec, 2016
    #21
  2. hammer

    hammer Well-Known Member

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    hammer, 21st Dec, 2016
    #22
  3. Big Will

    Big Will Well-Known Member

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    I didn't say it was a good buy, I haven't even looked into it more than 1 minute.

    Up to each to do their own DD but it seems rather expensive for Darwin, however someone saw value at 640k.
     
    Big Will, 21st Dec, 2016
    #23
  4. Perthguy

    Perthguy Well-Known Member

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    Yep. An old dump in Cloverdale. Vendor wanted $649k. Fair market value based on recent sales very near by would have put the price at $520k. A keen buyer put in an offer and the offer was accepted. Except the deal fell through due to a low bank valuation. At this point the vendor did not reduce the price! o_O

    Of course it didn't sell. It is now rented out for $280 pw.
     
    Perthguy, 21st Dec, 2016
    #24
    hammer likes this.
  5. Perthguy

    Perthguy Well-Known Member

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    I have seen the opposite too. One old bloke in Cloverdale was offered $800k for his house 2 years ago. He would struggle to get $550k if he put it on the market now. Missed opportunity :(
     
    Perthguy, 21st Dec, 2016
    #25
  6. hammer

    hammer Well-Known Member

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    Found some contenders this week so overpriced it was worth resurrecting this thread....

    This one in a crap area is listed at 800k, worth 550k tops...
    26 Copra Crescent Karama NT 0812 26 Copra Crescent Karama NT 0812 - House for Sale #128826162 - realestate.com.au

    And this chestnut...4-500k over priced....
    230 Forrest Parade Bellamack NT 0832 230 Forrest Parade, Bellamack, NT 0832 - House for Sale #113601147 - realestate.com.au

    Keep em coming!

    Expecting to see some crackers from Sydney as the market corrects.
     
    hammer, 12th Sep, 2018
    #26
  7. TMNT

    TMNT Well-Known Member

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    I usually send agents an email saying "for that price, do I get a second house?"
     
    TMNT, 15th Sep, 2018
    #27
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  8. hammer

    hammer Well-Known Member

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    Ha!!
     
    hammer, 15th Sep, 2018
    #28
  9. Gockie

    Gockie Life is good ☺️ Premium Member

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    They’ll know as soon as nobody turns up to the open houses except for nosy neighbours.
     
    Gockie, 15th Sep, 2018
    #29
  10. wylie

    wylie Moderator Staff Member

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    When a house next door to one we owned came up I looked through it. Asking price was $650k, which was crazy. I thought it was worth about $450k.

    A year or so later, it was listed with a different agent and we got it for $460k. I still thought we'd paid "over the odds" due to us being "over-anxious buyers" but it gave us a bigger development block. It had an offer that had been countered, but buyers had not signed at the higher price, so we jumped in.
     
    wylie, 15th Sep, 2018
    #30
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  11. Ben John1

    Ben John1 Well-Known Member

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    recently made an offer $630k for a house listed $650-$700k, owner demanded $750k, the prop has been on market for about 8 months now...
     
    Ben John1, 16th Sep, 2018
    #31
  12. TMNT

    TMNT Well-Known Member

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    Haha demanded.... You should have demanded they accept your offer
     
    TMNT, 16th Sep, 2018
    #32
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  13. hammer

    hammer Well-Known Member

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    It's very difficult to reason with stupidity.....
     
    hammer, 17th Sep, 2018
    #33
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  14. hammer

    hammer Well-Known Member

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    hammer, 30th Dec, 2020
    #34
  15. Scott No Mates

    Scott No Mates Well-Known Member

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    Scott No Mates, 30th Dec, 2020
    #35
  16. kierank

    kierank Well-Known Member

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    Dreams can come true!!!

    Last year, an REA appraised one of our properties as $x.

    I said I wanted $x + $400,000 as a minimum. She said “You’re dreaming!!!!” I told that is what I want; she took the listing.

    We received a cash offer of $x + $400,000.

    As I said “Dreams can come true”.
     
    kierank, 30th Dec, 2020
    #36
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