Top tips on winning a real estate bidding war
Strategy can outmanoeuvre buckets of cash in real estate property sales.
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Delivering the knockout bid in tightly fought residential auctions sometimes requires tactics as much as money, say veteran property buyers.
A bucket of cash will win seven times out of 10, they claim. But for other auctions, the winning mix will be a combination of style, guile and savvy use of a smaller pile of savings.
‘You need to assert confidence, put the other bidders off their game and be ready to apply some intimidation,” says Cate Bakos, a buyers’ agent.
â$100k blindsideâ: Home buyers stung by greedy vendors Queensland is in the midst of housing market boom and yet some houses are still not selling at auction and itâs all down to greedy vendors.
Property by Darren Cartwright
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Subscriber only Greedy vendors are squeezing every dollar out of desperate home buyers, some even holding out for unrealistic reserves that have forced sellable properties to be passed in, experts say. Over the past few weeks, several houses have failed to sell with real estate agents quietly claiming it is purely because of unrealistic reserves. One agent, who did not wish to be named, said one property they listed failed to sell at auction after the vendor factored in a 20 per cent increase in the reserve to offset the rising property market.
Property market update: Brisbane, January 2021
By Zarah Mae Torrazo
17 February 2021
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1 minute read
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Brisbane’s property market remained resilient over the last year despite the economic impact of COVID-19. But will the Sunshine State’s capital continue to dazzle investors in 2021? p span style font-weight: 400; According to data, Queensland appears to have outstripped the other states in 2020. /span /p p span style font-weight: 400; The span class b-autolinkshadowbox Sunshine span class b-autolinkshadowbox links a href https://www.smartpropertyinvestment.com.au/data/nsw/2264/sunshine Sunshine, NSW /a a href https://www.smartpropertyinvestment.com.au/data/vic/3020/sunshine Sunshine, VIC /a /span /span State recoded solid demand for detached houses, with buyer attraction towards lifestyle areas seen to deliver 6-10 per cent capital growth in 2021 across South-East Queensland. /span /p
Property prices are set for rebound in 2021
Whether you re looking at houses or apartments, take a look at our property clock to see which markets are on the move.
Thanks to COVID-19, the outlook varies widely across cities as well as within cities.
Simon Letch
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Maggie May and Josh Kelly are first-time buyers making the most of low interest rates and government incentives to purchase a two-bedroom off-the-plan apartment in inner Melbourne.
The artist and musician couple, who have a two-year-old son, Remy, will save about $35,000 through incentives for first-home buyers, including the First Home Loan Deposit Scheme, HomeBuilder grant and stamp duty concessions for properties valued below $750,000.
5 predictions for Queensland s property market - Real Estate Business realestatebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realestatebusiness.com.au Daily Mail and Mail on Sunday newspapers.