EPISODE · Feb 29, 2024 · 35 MIN
HOW Auction Snitch is changing the auction experience for bidders and bringing transparency to the Auction process
from Australian Property Investment Podcast · host Aaron Christie-David
Are Auctions subject to finance? Are Auctions legally binding? Can Auctioneers lie about bids? But the most important question is: how much did that property actually sell for at Auction?If you’ve heard the horror stories - you inspect the property, do all your research, get finance ready and the Contract of Sale reviewed. The price guide is within your budget and then the first bid is more than your total budget! This happens at auctions all around the country. Every. Single. Weekend. Why is there no transparency? Good news! There is and the answer is an app called Auction Snitch! In this episode, Aaron Christie-David interviews the co-creators: Tasmin Lapointe and Tori Huxtable. We hear from them about their own experiences and why they built and launched this app (you’ll love why!). The goal of providing "hot off the press" property insights has served as benchmarking data crucial for informed decisions.Timestamps00:00 - Intro + 3 P’s (Personal, Professional, Property)03:39 - The Price of Living in Sydney04:37 - Imposter Syndrome in the Market08:11 - Preparing for Market Unpredictability 11:14 - Pricing Transparency for Auction Snitch16:01 - Preparation to Avoid Disappointment 18:05 - Evaluating Auction Clearance Rates22:15 - All About Auction Snitch 27:34 - Auction Snitch Going Undercover for Research Purposes32:20 - The Future of Auction Snitch 34:46 - OutroAbout Auction Snitch: Tori Huxtable is a Sales Agent with impeccable people skills and excellent local knowledge. Her career spans federal politics, education, television production, and various other fields. Tamsin Lapointe is an experienced Project and Program Manager with international, multi-sector delivery experience in IT software development and infrastructure projects.Auction Snitch is an app designed for users to share real-time property prices and track sales campaign histories for listings of interest. With a pressing demand for increased transparency within the Australian property market, due to the absence of price guides on listings and delays in publishing auction results and sold prices, which directly impact their property decisions.Connect with Tamsin and Tori: Follow Auction Snitch’s Instagram account hereFollow Auction SNitch’s Facebook page here Visit Auction Snitch’s website hereAbout Aaron:Aaron-Christie David founded Atelier Wealth, a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron’s focus is clear – supporting property investors to make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years.With over 10 years of financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.Connect with Aaron:Visit the website: https://atelierwealth.com.au/ Follow the Australian Investment Property Podcast’s Official Instagram account: https://www.instagram.com/aupropertyinvestmentpodcast/Follow Aaron on Facebook: https://www.facebook.com/aaronchristiedavidFollow Aaron on LinkedIn: https://www.linkedin.com/in/aaronchristiedavid/Subscribe to Atelier Wealth’s YouTube Channel: https://www.youtube.com/@atelierwealth_au
What this episode covers
Are Auctions subject to finance? Are Auctions legally binding? Can Auctioneers lie about bids? But the most important question is: how much did that property actually sell for at Auction? If you’ve heard the horror stories - you inspect the property, do all your research, get finance ready and the Contract of Sale reviewed. The price guide is within your budget and then the first bid is more than your total budget! This happens at auctions all around the country. Every. Single....
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HOW Auction Snitch is changing the auction experience for bidders and bringing transparency to the Auction process
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