I heard on the radio today how “down” the property market is and that hardly anything is selling at auction. Here’s a story that flies against that.Today we held an auction on 70 Stanley Rd, Gisborne. RV was $149,000. After taking 45 bids from 3 buyers (plus 2 other identifed buyers who chose not to bid) the property sold for $197,750. This was well above the vendor’s reserve price. It goes to show that if property is marketed well and provided that sellers are realistic, then property sells – in any market. Let’s not bow to the doom and gloom we hear all to often.
February 13 2008 06:48 pm | company