Does anyone know a way of finding out when "surplus stock" is due to be auctioned, other than waiting for the real estate agents to get the listing?
The process in NSW is Properties are first valued by a panel valuer, then tenders are called from rea. Marketing strategy is agreed. Then the properties are put on the market.
If you want to know what is coming up for sale, become best mates with a panel valuer (if they will divulge their current jobs) or the agents in the area which you are considering.
The process must be seen to be fully transparent and not to give any party unfair advantage (or disadvantage).
Generally, there are no shortcuts.
Thanks.
I'll keep an eye open
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