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

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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 

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