The auction is this Saturday.
I am not doing very well at distracting myself into not thinking about it.
Over the past 4-6 weeks, clearance rates around Melbourne have dropped to below 65%. Prices for comparable properties have fallen by $30,000 or more. We will be lucky to reach the amount that the second offer was for (the one that the agent knocked back without even talking to us because it was too low).
Do I sound stressed? I am stressed. The effect of all this stress is that I am a bit miserable without any real reason to be unhappy. I am not good at being powerless – and there’s nothing I can do to improve the selling price at this point. I’m not even cheering myself up with thinking about OMG ESSEN! because even that may fall through if the house does not sell at all. And while I recognise that this is unlikely, Stress and Misery have kicked in with their nasty little messages. And I don’t like it, because I like to think that I am an upbeat and positive person.
Realistically, it is unlikely that the property will not sell at all.
It is possible that it will not sell at auction – even that it will not attract even a single bid.
The agents *think* they have 2 or possibly 3 bidders. First home buyers and investors, mostly. All they can talk about is what is wrong with the property (I am told that this is normal real estate bastardry).
We have to set a reserve price by Saturday.
I just feel a little bit sick.