Monday, March 1, 2010

That'll Be An Extra $50,000

A house in Crofton Ave, Williamstown was advertised between $750,000 - $800,000. On the 13th of February I attended the open house inspection. I didn't even get to the front door when the agent said that the price of the home had just gone up $50,000. The house was now re-advertised for $800,000-$850,000.

The house was near the beach and in quite good condition although it did require a few cosmetic changes.

I did attend this auction. There were 5 bidders in total. To be fair the opening bid was for $750,000 which was accepted by Williams Real Estate but the price quickly rose past $850,000. The house was sold for $889,000.

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