Someone explain today's strange auctions

samedi 14 mars 2015

I just attended two auctions today, and was quite confused by what I saw. They are both double storey apartments in the same compound, just mere steps away from each other.



Auction 1:

  • Took place morning

  • Completely unrenovated, but decent condition with only cosmetic wear

  • Bigger backyard

  • Front facing North East

  • Unstaged (no fancy furnitures, etc)

  • Realestate.com.au advertised as 'Townhouse'

  • 4, 5 bidders; from $350k to sold price $425k




Auction 2:

  • Took place afternoon

  • Renovated; decking backyard (but no grass anymore), painted interior, recarpeted bedrooms

  • Smaller backyard

  • Front facing North West

  • Staged (contemporary furnitures and art wallpapers and all, radio playing some classical jazz)

  • Realestate.com.au advertised as 'apartment'

  • One bidder only; one bid, $340k

  • Later sold for $410k after negotiation




What in the world happened??????

Someone explain today's strange auctions

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