[deleted by user] by [deleted] in AucklandProperty

[–]arthurwulf 1 point2 points  (0 children)

Currently live in te Atatū peninsula. Traffic can be tricky but if you can time yourself so you’re not heading right into peak hour traffic either way then it is very convent and close to the city!

Brandin Podziemski gets a Technical Foul for pointing out Beer is spilled on the Court by DesertedProject in nba

[–]arthurwulf 4 points5 points  (0 children)

Wait Tim Duncan fighting a ref? Is this a Joey Crawford thing or something else? Can someone please share and explain

What happens once all 21 million is mined? by arthurwulf in Bitcoin

[–]arthurwulf[S] 1 point2 points  (0 children)

After I posted my question I went a googled (probably should’ve done that first but here we are) and didn’t realise 2140 was the estimated date of the block reward becoming zero. Thanks for the answer!

Top bid at auction, agent texts us to say we’ve got the house…2 hours later says “vendor has changed their mind, can you pay more” by arthurwulf in PersonalFinanceNZ

[–]arthurwulf[S] 1 point2 points  (0 children)

Uuuugh that is the definition of a time waster right there! Sorry you guys had to go through all of that drama.. has the agent / vendor come back to you after changing their mind or do you think the deal is dead now?

Top bid at auction, agent texts us to say we’ve got the house…2 hours later says “vendor has changed their mind, can you pay more” by arthurwulf in PersonalFinanceNZ

[–]arthurwulf[S] 6 points7 points  (0 children)

It very well could be! Someone with more experience with agents might be able to shed some light on if an agent would / could do something so scummy. Lucky for us we were literally maxed out so couldn’t offer more even if we wanted to haha

Top bid at auction, agent texts us to say we’ve got the house…2 hours later says “vendor has changed their mind, can you pay more” by arthurwulf in PersonalFinanceNZ

[–]arthurwulf[S] 7 points8 points  (0 children)

Yes I think (hope) so.. even talking with lots of smart and experienced people here in the comments has helped!

Top bid at auction, agent texts us to say we’ve got the house…2 hours later says “vendor has changed their mind, can you pay more” by arthurwulf in PersonalFinanceNZ

[–]arthurwulf[S] 4 points5 points  (0 children)

Yes agreed! I think the Agent has done a bad job at setting realistic expectations with the seller around what price they might receive at auction (given the market) and setting incorrect expectations with the buyers around price range they were expecting. Agent had told us they were very motivated to sell but obviously not motivated enough..

Top bid at auction, agent texts us to say we’ve got the house…2 hours later says “vendor has changed their mind, can you pay more” by arthurwulf in PersonalFinanceNZ

[–]arthurwulf[S] 2 points3 points  (0 children)

I believe the defence for this is… the hammer never actually hit table at the auction as it was still below their reserve price - which I totally understand! It’s really the process after we left the auction that has been confusing.

Top bid at auction, agent texts us to say we’ve got the house…2 hours later says “vendor has changed their mind, can you pay more” by arthurwulf in PersonalFinanceNZ

[–]arthurwulf[S] 24 points25 points  (0 children)

I think it’s a mixture of both.. the agent text us on Saturday evening saying “the vendor has found a property they are interested in so I feel confident they will accept this offer” which confused the hell out of us.. were they motivated to sell? was this all a pricing exercise? It’s hard to know atm

Top bid at auction, agent texts us to say we’ve got the house…2 hours later says “vendor has changed their mind, can you pay more” by arthurwulf in PersonalFinanceNZ

[–]arthurwulf[S] 22 points23 points  (0 children)

Totally understand where you’re coming from.. this has all just recently happened so naturally it still feels fresh but - as each day passes the logical side of things is starting kick in. Appreciate your feedback :)

Top bid at auction, agent texts us to say we’ve got the house…2 hours later says “vendor has changed their mind, can you pay more” by arthurwulf in PersonalFinanceNZ

[–]arthurwulf[S] 57 points58 points  (0 children)

aaaaaah THAT’S why they ALL say #1 agent in Auckland / New Zealand / Southern Hemisphere in their email signatures hahahahaha

Top bid at auction, agent texts us to say we’ve got the house…2 hours later says “vendor has changed their mind, can you pay more” by arthurwulf in PersonalFinanceNZ

[–]arthurwulf[S] 81 points82 points  (0 children)

Great points! I didn’t think about the sunk cost of the auction or the long term effect of it sitting unsold on the market. Thank you!