The home made just for you.
It has your name all over it. Now all you have to do is buy it.
You do the numbers. You ask the agent what it will go for (it’s in your budget!). You check every nook, every cranny, every power point, every cupboard. You get it inspected. No stone unturned.
Comes the day. You’re ready. Ready for anything.
“Do I hear …?”
You’re knocked out at the first bid. A developer is going to knock your house down.
The agent said it wouldn’t go higher than…
The agent wanted you there. Wanted a heap of bidders to impress the seller and to suggest that bidders had to go hard. You were just a bit player.
The Nobel Memorial Prize for Economics has been awarded for insights including what happens when you’re bidding on a home — in auctions, private sales and Expressions of Interest.
Auctioneers will tell you it’s their great skills that push prices higher.
They’re wrong. It’s bidders pushing bidders.
You need some good advice.
Morrell and Koren were Australia’s first home buyers’ advocates.
At the top end, there’s hardly a home that we don’t know.
Top End Trends is an insider’s view of the highs, the lows, the clever and the not so clever in all kinds of real estate and its buyers, sellers and (often) estate agents.
© Morrell & Koren Pty Ltd