‘I’ve never seen something like that’: Auctioneer Tom Panos shares his real estate horror story

·

No real estate auctioneer ever imagines to be the subject of intimidation from a bikie gang or a knife attack, but desperate times have called for desperate measures for those wishing to buy a property in Sydney’s red-hot market. 

As the housing market heats up, prices go through the roof, and buyer competition becomes tougher than ever, auctioneers like Tom Panos have accepted to expect the unexpected.  

Mr. Panos tells the Daily Telegraph he had the most bizarre of his real estate nightmares come true. 

“I was auctioning this Newtown home and had been talking it up on TV and during the auction, saying what a great place it was etc and the vendor was obviously paying a lot of attention,” Mr Panos says. 

“After the home was sold under the hammer we went inside and the vendor said: ‘I’ve been listening to everything you have said and you’re right, this is paradise. I’ve decided I want to stay so I’m not selling’”.

Mr Panos put his foot down and grappled with the former owner over the fact that he had sold their house. 

“He was OK the next day but he definitely had cold feet,” he says. 

“I’ve never seen something like that before or since,” Mr Panos said.

Tom Panos has 35 years of experience in the industry and this certainly wasn’t the first or last time he’s witnessed the worst in home buyers. 

The live stream of his $1.425m sale of a home in Belfield, in southwest Sydney, was flooded by dozens of ‘racist’ comments among the two-to-three million who tuned in in April.  

Source: The Daily Telegraph 

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Step into the world of mental health with Georgia Cassimatis’ latest book

Greek Australian author and journalist, Georgia Cassimatis, has released a book all about exploring the world of mental health.

GOCNSW Welfare Service to put a spotlight on cyber security awareness

The Greek Orthodox Community of NSW’s (GOCNSW) Welfare Service has organised three Cyber Security Awareness education and training workshops.

Marriage of a Greek woman abroad: What to watch out for

It is during this registration process that numerous problems arise, which are not dealt with immediately but later on.

Athena Competition Greek winners show olive oil diversity

By Lisa Radinovsky from Greek Liquid Gold. At the 10th anniversary edition of the ATHENA International Olive Oil Competition in Chania, Crete, Greece in May, 175 Greek olive oils...

Greece’s island communities face population crisis

The demographic decline in Greece is hitting its islands hard, with Lemnos and Agios Efstratios showing alarming signs of aging populations.

You May Also Like

Three more people charged over Greece’s deadliest train crash as PM apologises again

A railway inspector and two more stationmasters have been charged in connection with Greece's deadliest train crash at Tempi.

British Museum hints at ‘sharing’ Parthenon Marbles with Greece

George Osborne, the Chair of the British Museum, said a deal is in the works that could see the Parthenon Marbles shared with Greece.

Greek Prime Minister: New international airport on Crete to be ‘beacon of development’

Greek Prime Minister, Kyriakos Mitsotakis, announced the plan for Crete 2030 includes 480 projects with a new airport in Kasteli, Crete.