Are auction results public?
Are auction results public?
Although these transaction prices can be withheld initially, in subsequent weeks the auction prices are eventually made public when they are reported to the NSW Land Registry Services. This suggests that typically unfavourable price outcomes are more likely to not be reported by vendors or real estate agents.
How do I find out how much a house sold for at auction?
How to Find Out If Your House Has Been Sold at Auction
- Do an Internet search to find the county clerk’s website for your area.
- Register on the website to search for public information about real estate.
- Review the deed record for information about the auction sale.
What is auction clearance rate?
Auction clearance rate is the percentage of properties sold at auction on a particular week or month. To calculate the auction clearance rate you divide the total number of properties sold at auction by the total number of properties listed for auction.
Are auctions allowed in Melbourne?
The government announced on Sunday that when 70 per cent of eligible Victorians have had two vaccinations, Melbourne’s lockdown will end and on-site auctions allowed outside with up to 50 fully vaccinated attendees.
Why are house prices withheld?
The vendor or buyer didn’t want to disclose the price Both the vendor and the buyer have the right to choose whether or not the final sale price is revealed. In many cases, either party might decide to withhold simply for the sake of privacy.
Is auction sold as seen?
‘Specified faults’ – the auctioneer will read out the list of faults, pay careful attention here. ‘Sold as seen’ – the vehicle is sold with any of the faults it may have, the auction house will rarely accept any complaints about the mechanical or cosmetic condition of these vehicles after sale.
How does modern method of auction work?
The modern method of auction means that upon the acceptance of an offer or at the close of the auction, the successful buyer must place a non refundable reservation fee to the agents to reserve the property. If the property falls through due to the Vendor, the reservation fee will be refunded to the buyer in full.
Why are prices withheld?
What does passed in mean at auction?
In this article: When the bidding at an auction falls short of the reserve price, the property is ‘passed in’ and the prospective buyer, vendor and agent steel for an intense round of negotiations.
Can I inspect a property in Victoria?
Yes, inspecting a property for new purchase or end of lease reasons are permitted. The Department of Health has confirmed you can travel outside your 10km to attend a property inspection, however you cannot travel to a regional area if you live in metro Melbourne.
Is real estate an essential service in Victoria?
The Real Estate Institute of Victoria (REIV) is calling for real estate services to be classified as an essential service amid the coronavirus outbreak. “Real estate services must be deemed essential to ensure the ongoing provision of shelter and to protect the property market and broader economy from collapsing.