Monday, March 29, 2010

Keep Up, The Price Just Went Up

Found a really nice home for sale on the internet the other day. It is in Ormond Rd, Ascot Vale. Auction date scheduled for April 24, 2010.

The house is on a large allotment and is elevated. It looks as though it has been renovated and is close to transport and shopping strips. The only bad thing about the house is that there are no cupboards in the home i.e linen, built in robes or storage.

The price of the home was originally advertised as $700,000 to $770,000. But doing a recent search on the home has shown that the price has just jumped up to $750,000 to $820,000.

I guess there must have been a great amount of "buyer interest".

I wonder what the house will sell for on auction day.

Update: April 6, 2010

The Property Manager indicated that vendors were interested in taking offers prior to auction. Offers were to be put in by end of business today. The agent said to put in a strong offer between $900,000 and $950,000.

So a house that originally was advertised between $700,000-$770,000 is now asking for offers in the vicinity of $900,000 to $950,000.

I wonder what offers the vendors have had. I forgot to mention that the vendors were not letting people in to inspect the home anymore but were accepting offers.

House sold for just under $1,020,000. I guess we were never in the running afterall.

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