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by Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd
I was watching ''First Tuesday Book Club'' on ABC TV a few months ago, and I saw the host, Jennifer Byrne hold up a copy of Brendan Gullifer's book SOLD. According to Byrne, ''I thought it was tremendous fun. And ...
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OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd
It's time for consumers to get serious about the tricks and criminal conduct associated with real estate auctions. As most of the criminal conduct associated with auctions takes place when the auction is in ...
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by Tim O'Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au
Walk away to bid another day - but not before the auction is over.
Picture yourself as a duly registered, cashed-up bidder at the auction of a seaside mansion. Bidding starts at $6.5 million. You join in as bidding progresses to $7.5 million.
Then ...
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From domain.com.au ''Tougher dummy bidding laws were introduced to the real-estate industry last weekend on one of the year's busiest auction days last Saturday.'' But contrary to what Fair Trading Minister Diane Beamer suggests in the article, we do not believe that increased penalties enhance consumer confidence in auctions or the real estate ...
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It appears that estate agents now have a new weapon in their auction deception armory. Street theatre! Gary Lapersonne, writing as ''Secret Agent'' in the Domain section of The Sunday Age (Domain p.2 Sunday Age 7 May, 2006) reports on claims that a Melbourne real estate agency is employing professional actors to pretend that they are ...
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OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd
The dreaded ''dummy bid'' never really went away; it simply mutated into a more insidious form through the concept of the ''Private Auction''. Bell Real Estate, a prominent real estate agency operating in ...
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Purchasers should take care before signing a contract to purchase real estate, particularly at auctions. Special conditions can be used to pass a vendor's risk to an unsuspecting purchaser. We have shown that estate agents often insert nasty special conditions into contracts, but they're not the only ones. Lawyers and conveyancers do it too. A ...
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