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Real estate sales are public record here ($, street name, land size, land use) so I can match up most of the blocks and come up with an average price per square metre. The contracts we've just signed are around 4% higher than this average figure, and around 15% higher than a professional valuation done last year.
The costs to discharge our mortgage are pretty much static so every $ above the average price (or even above the break even figure) is bonus profit.
Here's how the 9 leads break down...
- 1 ran into me and I mentioned I was selling
- 2 saw the for sale sign (1 signed an offer)
- 4 enquired after a pamphlet drop of ~230 houses in the local area (3 signed an offer)
- 2 didn't continue past the first enquiry and didn't specify how they got my details
I'm surprised by the response from the pamphlet drop, next time I sell property I'll be doing more than 230 houses...
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