starstarstarstarstar over 3 years ago
Waited 3 weeks, Auction Pass-in & Everything after!
We could have closed this deal much before auction at a price above guide but I was told it will go to auction. Knowing what happened at 49 Orchard Auction, 955sqm bigger house - sold below guide 1.9 with only 1 bidder 1.86; I was almost certain 1.8 was already a good guide for this 700sqm, yet I was happy to pay some premium prior to auction as I live in the neighborhood.
Come auction day, Performance poorly exposed this fringe market is falling faster than I expected [same happened in 2018 downturn too], none of the bidders came anywhere near guide. Still I was ready to reinstate my previous stance after pass-in. but I didn't receive any feedback on Saturday. Tried to reach out on Sunday again, still no response. Monday I realized my offer was being used against some new buyer, with my budget I could still beat it, but late afternoon I was not be able to spend time as workdays are busy for me, and I realized my offer was still being used - got me bit upset as I hoped things could have closed over the weekend itself. Anyway, next morning I was informed it sold to other party, and probably money didn't matter anymore, timing was everything
Lesson learnt - I am not a fan of using one's offer against other, I prefer those who asks submit best offer & then talk to highest. There r some who gives wining target, no back & forth, I like this type too. Third & the best agent in my neighborhood says she is 'the matchmaker in the community' - I bought my one from her in 2018, one transaction is not the last, it's a community, every buyer can turn seller and vice versa, where agent acts as great matchmaker. I really like this type. She wouldn't sell if you missed a call one evening, cause they know u were around for 3+ weeks and live in the community.
Nonetheless, Brian's smile is probably the best feature that still keeps me coming back and now that I know the nego style, next time I will adjust my actions, fingers crossed - he promised to find me another one :)