After a whole month of open homes we managed to sell our 240 square metre executive house with Barfoot & Thompson under the hammer for 574k – 15k under the GV of $590k! Disappointed? Kind of. Relived? Absolutely!
We had spent a recommended 5k towards marketing our home for this auction, and I did not want my 5k to go straight down the toilet - even if it meant losing out on 15k.
But realistically, I feel that I was lucky enough to even find a buyer because I we were trying to sell our home during the recession, and because the media had managed to scare away most of the buyers with their bad press about South Auckland.
By the way, our plan was to sell our house while the market was low, and to purchase a nicer home in a better area while the market was low.
Selling our house before putting an offer on a new home meant that we would have the buying power to purchase a house without conditions...except a financial clause.
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