Richard, Adelaide - SA
|
I’ve seen quite a few properties and even got as far as putting in an offer...
|
|
"I’ve seen quite a few properties and even got as far as putting in an offer on one (someone else put in a higher counter offer – above the asking price, so I didn’t get it). But I hadn’t been to a property auction until last week.
It was a 2-bed unit that I was really keen on, even though it needed some work. I thought I was well-prepared – I’d spoken to my conveyancer who’d followed up with the strata company, a builder friend had viewed the property with me and given me an estimate of what it would cost to get the work done. I’d spoken to the real estate agent and thought the unit was well within my price range.
But when I got to the auction there were heaps of people there, and you could just tell that quite a few were professional investors. It all happened so fast and I didn’t even get to make a bid. The unit sold for $50,000 more than the maximum I could afford.
At the time I was pretty disappointed, but now I’m thinking it was good to go and experience first hand what an auction is really like. Hopefully now if I do find another property I want to buy, and it’s up for auction, I’ll feel more prepared."
|
|  | |
|
Share
