With the smoke alarm ringing in my ears and everybody else’s it was maybe an omen this was going to be a hot auction. The quote was $1,250,000+ and that seemed pretty low to me for what seemed like a lovely, little, quaint, well renovated, classic, Canterbury double fronted (Is that enough adjectives?) Walter Dodich is conducting today's auction in front of a seemingly alive crowd of around 100 - good turnout.
A good spiel - on time, succinct and then down to business. A good loud $1,300,000 opening bid - I like Bidder One. C'mon where are the rest of you. Bidder Two tries to get in a $10,000. No, says Walter – however a real Bidder Two comes in at $1,320,000 – several strong $20,000 bids to $1,400,000 and we have a half time break.
So is it on the market? Well no, it's not on the market – seemingly another bulltish quote then. And so we proceed to a boring pass-in.
Couple of people come up afterwards quite irate - saying "I was quoted $1,100,000 and now we hear the reserve is $1,500,000". Disappointing but unfortunately not uncommon.
Quite simply, we wouldn't have bought the house without you.. We wouldn't have heard about the property, wouldn't have looked at it, wouldn't have clearly assessed its short and long term potential for us, and certainly wouldn't have secured the property at a very hotly contested auction! We are both very methodical people and particularly appreciated the logic and clarity of your property rating system and, at the "pointy e...