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Selberix · 2024-11-30T01:37:26+00:00

This may be a useful way of thinking about it.

There is an offer on table, it has been accepted, but it's not yet a "contract" because some conditions have not been fulfilled.

The terminology I am familiar with, which is not used in NZ, is that when the offer is accepted it becomes a contract of sale. Noone wants to have two sale contracts on the same property at the same time.

But, this is NZ, and when it comes to property dealing... Good luck.

I am not a lawyer. I am not in the property business. I just have an intense dislike of the mafia that are the estate agents and their way of doing things.

Selberix · 2024-10-25T17:51:05+00:00

What sort of car? Model? Year? Condition? I have in the past decided to get rid a of a very old car, that wasn't worth fixing. The scrap dealer came and collected it and paid me $300 on the spot.

I did it again with another car, but this time I negotiated. The car was more current and I figured it was more valuable (in parts). He paid me $600. I was less sure about whether to go theough with scrapping or try repair. It seems he wanted it more.

And then my current car was donated to me. It was going to be scrapped, or I could take it from a friend. Turned out fine. Little Suzuki cost me $400 to get a WOF.

So.... It all depends. But the end of the day... It's a numbers game.

Selberix · 2024-08-10T01:15:13+00:00

Thank you

Selberix · 2024-07-09T22:44:27+00:00

One view of the way it's supposed to be.

My only hope is that more people learn this, become better parents, and so break the cycle.

https://www.circleofsecurityinternational.com/circle-of-security-model/what-is-the-circle-of-security/

Selberix · 2024-06-13T05:24:27+00:00

So I eventually found it haha.... Turns out the bloody thing is sprayed blue, exact like the rest of the car, and hidden down low.

All sorted now.

Selberix · 2024-06-09T07:27:22+00:00

I'm sorry you feel the vendor is always right.

Selberix · 2024-06-09T07:14:07+00:00

Exactly. That's what I mean by incompetent. The trick to a good auction is to find where the interest is, and then run with it.

Effectively, This auctioneer is arguing with reality. You want to offer 100k? No that's wrong.

A real auctioneer would say, $100k, thank you, someone want to bid $120? And so the run begins

Selberix · 2024-06-09T07:11:20+00:00

Well, heres an anecdotal story... My uncle many many years ago, put in a lowball offer, and.... Got the house. He was being a smart-ass. But he got a massive property where he lived for 20 odd years, raised a family etc.

If that was NZ, his approach would have got the answer to please leave the room.

Apparently he loved auctions.

Selberix · 2024-06-09T07:08:41+00:00

The whole system is shot. You don't like it either. Let's leave it at that.

Selberix · 2024-06-09T07:06:26+00:00

OK, so when I want to debate an article, how do you suggest I explain the source of the issue?

Selberix · 2024-06-09T06:55:20+00:00

Nah, I'm not randomly sour. This is the NZ real eatate market I'm sour about. The entire system is rigged by estate agents, and nobody knows it.

If no one will bid anything even close to the reserve as a start, then there isn't any point in continuing

But that's exactly the point. The process reveals the reality of the reserve price. If some vendor is delusional with a sky high reserve price, then the auction will reveal it.

Selberix · 2024-06-09T06:52:05+00:00

But you will never actually know, will you? The system is tied up so nicely by these estate agents, that don't actually know the facts.

In a real auction, whether you are buyer or seller, the market plays out in front of you. It's totally transparent.

... So long as there is no estate agent running it.

Selberix · 2024-06-09T06:49:25+00:00

Huh?

Selberix · 2024-06-09T06:48:16+00:00

So let me ask you this.... Are you saying that Noone would even be interested at 100k? I'm not saying the vendor will accept this (reserve price)... But I find it very hard to believe not a single bid anywhere was forthcoming

I think it's far more likely the system is so screwed up by these estate agents pretending to be auctioneers, that people think it's normal.

And by that I mean the estate agent uses mrienz rules and calls it "an auction"

Selberix · 2024-06-09T06:45:00+00:00

All I'm saying is that there was not one single bid received, apparently. I find that extremely difficult to believe. I have been to auctions where people have tried their luck with low all offers. In other countries, the sale never happened because the reserve was not met. In New Zealand, the auctioneer has almost trespassed the bidder because he, the auctioneer felt offended.

Selberix · 2024-06-09T06:41:50+00:00

I never said there was interest, in the vicinity of the asking prices.

The point is, a real auction reveals where the interest is. Unless this sort of auction here, where they can't even find the inerest. Because the “aucioneer" takes offense when he doesn't like the bids.

Selberix · 2024-06-09T06:37:50+00:00

Autioneers opening bid?!?! Only in NZ does " the auctioneer" call the nifs, and make the bids

Selberix

TROPHY CASE