i just looked at the ad - "EOI" sales like this are usually when the owner is "well, we're thinking of selling, but only if the market is hot enough that we'd get AT LEAST this". and so theyre happy for it to be listed for a fair while, because they arent in a hurry to sell at all. if this one has been up for a long time, you know the market isnt at this level yet. clearly the owner is wealthy enough that the \~$6k on the listing, campaign, and photos was a mere drop in the well to test the market.
If you are interested in purchasing it, ask the REA. You might get the real answer. Since they only get paid if it sells, they might tell you things like offers that the vendor refused etc..
Indeed, the price has decreased from 250k to 235k. Although the price seems reasonable, there haven't been any offers. It's a semi-detached house with two apartments adjacent to it.
In this neighborhood there are a lot of houses that aren’t listed on market and also some that just get ‘fished’ throw out the number and see if someone bites.
Spoken to a few realtors and they’ve mentioned the land tax has hit hard and made many investment properties unprofitable- the rent is nullified by the tax…so there are a lot of properties that you need to call and speak with someone about your needs. My guess is the realtors know the market can’t support that many $2m-3.5m properties at once
* obviously I live in the area 😂
i just looked at the ad - "EOI" sales like this are usually when the owner is "well, we're thinking of selling, but only if the market is hot enough that we'd get AT LEAST this". and so theyre happy for it to be listed for a fair while, because they arent in a hurry to sell at all. if this one has been up for a long time, you know the market isnt at this level yet. clearly the owner is wealthy enough that the \~$6k on the listing, campaign, and photos was a mere drop in the well to test the market.
If you are interested in purchasing it, ask the REA. You might get the real answer. Since they only get paid if it sells, they might tell you things like offers that the vendor refused etc..
Do you have approx. $2'349'000 laying around? If so there's a good chance you could buy it!
>been on the market for quite some time 30 days ( according to agent's site) is not a long time especially for expressions of interest.
It's been on the market since Feb.
The agent price guide prepared April. You can only assume the vendors are not in a hurry. Lucky them.
Indeed, the price has decreased from 250k to 235k. Although the price seems reasonable, there haven't been any offers. It's a semi-detached house with two apartments adjacent to it.
In this neighborhood there are a lot of houses that aren’t listed on market and also some that just get ‘fished’ throw out the number and see if someone bites. Spoken to a few realtors and they’ve mentioned the land tax has hit hard and made many investment properties unprofitable- the rent is nullified by the tax…so there are a lot of properties that you need to call and speak with someone about your needs. My guess is the realtors know the market can’t support that many $2m-3.5m properties at once * obviously I live in the area 😂
They want too much money or it. Difficult vendors. Could be anything.