Weekend Experiences

Auction Satur(day)

Another Saturday and another property auction...well, I've got three to go today, not just the one, this one is just the first. I've been going to a lot of auctions lately, researching for what's to come in the not too distant future.

I'm considering selling one of my properties down the track in what is a really great market: Short selling times mean higher prices as it means demand is good and currently demand is really good and I'm thinking about capitalising on that and turning over an investment I've had for almost thirty years.

I spent twenty years in the property industry, commercial and residential and property development, and even though I don't do it now I have a pretty good handle on things and also a lot of good people (I can trust) around me to keep me informed; but there's nothing like getting boots on the ground and seeing the bidders on auction day and, of course, comparing the various properties against my own that are selling in the area. It'll help me know what want to do to get mine ready (and what I don't need to do) and will give me a stronger indication of where to set the auction reserve and what to expect as an end result.

I like to research and plan things especially when they have such huge financial impacts upon my life and this is part of it so here I am observing and banking away valuable information.

Have a good weekend y'all.

Design and create your ideal life, tomorrow isn't promised - galenkp

_{[Original and AI free]} _{Image(s) in this post are my own}

Comments · 14

@hive-lu(65)· 450d
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@bozz(83)· 458d
Good luck at the auctions! I hope you have a great weekend as well. I'm hanging out away from home getting ready to celebrate the graduation of my niece this weekend.
@tamaralovelace(70)· 458d
That's interesting..it the auction the common way to buy and sell houses there?
@chinay04(75)· 458d
I have also think to get some in real estate shittz, but it need some good amount of money to buy or sell out the property, and if we talk about the broker in real estate then it takes lot and lot of time to make yourself in good position. And real estate is one of the best way to make money. Btw all the very best sir! for auction.
@itsmemic(70)· 458d
Love how you still get boots on the ground, it’s easy to rely on data and experts but seeing things for yourself is a whole different kind of valuable. I should probably do the same more often in my own projects!
@avdesing(80)· 458d
I have not been to an auction before, but that is interesting. I would also like to sell a property I have, but it's not really the right time, there is no demand and house prices are at rock bottom, so I have to wait for the best opportunity and keep my eyes open. Have a great weekend!
@glideglobe(65)· 458d
Selling a house to acquire more guns sounds like a great plan. 😁
@holoz0r(78)· 458d
Got a friend looking to buy at the moment. They've got a budget of around 650k. They're having a rough time finding something that suits their needs. There's a lot out there, but when the open inspections have 15-20 minute waits (just to get in!) its harrowing.

Been to a few with them, and the quality of the stuff on the market varies wildly (and so do the expectations!)
@fieryfootprints(74)· 458d
Some time ago I watched Storage wars on tv. There a few people bid against each other in order to buy storages. It was interesting because I could never guess what bidders will find in the storage they bought.

also a lot of good people (I can trust) around me to keep me informed

My dad's friend who knows a lot about real estate helped us sell a few apartments and buy a house where we live now. Time really flies because that was already more than a decade ago...
@davideownzall(74)· 458d
Oh you into auctions? There are a few here too but it's kinda complicated, for example if a house is in auction and it's still occupied, you can't kick out the people expecially if a kid is involved
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@ryivhnn(73)· 458d
Good luck with your auction! :D
@verdesmeralda(73)· 458d
Hey friend, how much would you sell a property like this for?
@cmplxty(78)· 458d
Ah it is for sure a good market to sell.. but that also means it’s a bitch to buy lol. The conundrum I’ve been in! Selling is good, but then buying at a premium is tough.

Hope you can sell at a great price dude!

Comments · 14

Hello galenkp!

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