Saturday, July 31, 2010

Quote Higher

A two bedroom unit in Hanmer St, Williamstown went to auction 31st July 2010. The agent selling the home was Compton and Green Real Estate- Williamstown. Advertised price range was quoted between $390K-$420K.

The unit passed in at $460K.

Not sure I can really comprehend why. Especially seeing that the bidding on the unit went well over the quoted range. Is $40K over the top end quoted not enough? Perhaps the vendors should have quoted a higher range.

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