Posts by Cate Bakos
Four common mistakes when setting bidding limits
Setting a bidding limit for an auction is no easy task. We can arm ourselves with as much information as we can gather through due diligence, comparable sales analysis, current market conditions and talking to agents, but we can never be completely certain of success on auction day Emotional buyers, surprise rock-ups (people who have…
Read MoreWhat does “Under Offer” mean?
We field this question a lot. I even searched back through nine years’ of writing to make sure we weren’t doubling up a new blog. After our newest clients of 2019 spotted an online listing with this notification, it prompted this blog to explain what “Under Offer” can mean, (it varies) and what buyers can…
Read MoreHow homeowners can cash in on falling property market
How can a sales authority influence a purchase outcome?
Buyers don’t often think about the vendor’s paperwork with the selling agent but unearthing some details can sometimes make the difference between missing out on, or securing a good property. Our Victorian legislation requires a selling agency to hold a formalised Sales Authority with the vendor prior to marketing their property. The Sales Authority stipulates…
Read MoreWhat Do Listing Volumes Tell Us?
Why could a Schedule 3 Auction deliver a big result?
Our last auction of 2018 was indeed a special one. Unique, competitive, commercially zoned and sold significantly above the reserve. In a climate of low auction clearance results, limited competition and a general correction above the $800,000 price point in Melbourne, this one bucked the trend. Why? The first hint is in the Auction Schedule itself.…
Read MoreUnreal Estate of Australia Part Two with Cate Bakos
Buyers, are you ready to pounce?
With our last official auction Saturday of 2018 behind us and dismal auction clearance rates yet again echoing our tough market conditions, is it time to take advantage and buy? In typical fashion, we will hit Christmas and have leftovers. Buyers who are happy to push past the Christmas sales and holiday planning will mop…
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