Neil Jenman has been fairly vocal about his opposition to Auctions claiming that they only get lower prices for sellers. In fact he lists 9 reasons why they get lower prices. Jenman has claimed that he will and has bought at Auctions but he has never sold by Auction
Well it was with some shock that opening up Saturday’s edition of the Gold Coast Bulletin and I found Fox’s Real Estate, a fully fledged Jenman Approved agency advertising 10 Clinton Street, Labrador as an auction for sale.
It all seems pretty hypocritical to me but is that really surprising?
Unfortunately this raises a few unanswered questions.
So is Jenman now Auction friendly? Are we about to see Jenman join the ranks of the Auction brigade?
Should the owner of this property be concerned that the agent selling their home actually believes that they will get less during this method?
Does anybody know any other Jenman Approved agencies conducting Auctions?
Will Today Tonight run a story on this change of heart ?
******************* UPDATE 13th of November *********************
The auction is tomorrow at 1pm and because of Jenman’s hypocritical stand it has generated lots of interest in the real estate industry including the media.
More and more questions are being asked about this auction:-
- Which auctioneer is going to become the first Jenman approved auctioneer?
- What is the banks response to Jenman’s comment that “Anyone who knows anything about real estate knows that banks and mortgagees often don’t care about the price – they just want it sold and out of the way.”
- As a self described Consumer Advocate will Jenman pay the shortfall out of his own pocket to the consumer in this story who is going to be held responsible for the shortfall between his mortgage and the sales price because Jenman and the agent has openly admitted that the auction cannot get the highest possible price?
- Will the bank concerned confirm or deny that they “insisted” on a Jenman agent auctioning the property like Neil Jenman states. What is the TRUTH Mr Jenman?
- When will the other Jenman agents start handling auctions?
Kevin Turner from RE Uncut has been conducting a range of interviews on the subject covering the story. I believe that neither Jenman, the salesperson or the principal are answering Kevin’s request for interview at the moment but quite a few people involved are. If anybody has Neil’s personal contact details and would like to share them it would be appreciated.
I think it’s incredible when a media whore gets shy when the subject turns back to himself in anything but a positive light. Maybe the cameras and a journalist will be chasing him down the road getting into his car zooming off. With his own personal experience he is probably worried that his comments might be heavily edited and taken out of context and sensationalized like his targets often claim.
Kevin will be running the story at www.reuncut.com next Thursday and Friday and we will update the blog with the auction result over the weekend.
Unfortunately I did not return from Brisbane in time to make the Auction on the day but someone who was there has advised that they had 3 or 4 bidders with bidding starting at $300,000. The property was announced on the market at $550,000 and eventually sold at $600,000. I have not had a chance to double check the figures but this must give the Jenman group a 100% closure rate on their Auctions.