Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Health Hub Hits Home; Trust in the Auction Process and Agent, Results in Sale

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Health Hub Hits Home; Trust in the Auction Process and Agent, Results in Sale

Article excerpt

AN EARLIER real estate transaction and the benefit of time in which to form a trusting business relationship with their agent of choice proved favourable for the sellers of 426 Oceanic Drive South, Wurtulla.

Adam Budd of Ray White Kawana, previously sold the 580sqm level allotment about five years ago.

Since then, a carefully considered design, highly sought after location and construction of the Health Hub all contributed in the delivery of a promotional plan.

"It was an interesting auction campaign in which the aim was the seller's dream price," Adam said.

"They understood the auction process, had trust in it and in me as their agent. Everything we asked of them, they did."

Over the course of the campaign, 59 groups inspected and prior offers were made.

Auction day attracted a crowd of close to 60 people. Registered buyers numbered five; three locals and two from interstate who did their bidding by phone, one from Sydney and the other in Western Australia.

Auctioneer David Holmes stood front and centre in the driveway with onlookers spilling out to the footpath.

An opening offer of $700,000 was just the start. With the bid at $825,000, fresh interest joined the foray with a $5,000 increase.

Nudging north, buyer interest waned but the bids kept coming. At $850,000, instructions were sought with the sellers and negotiations began.

The buyers had submitted an earlier offer after first inspecting the three-bed, two-bath residence at the second open home.

Following the auctioneer's announcement of an increased bid to $875,000, the property was announced on the market and sold to professionals who recently relocated in their work to the new health facility nearby.

Wide appeal

HELD as an investment property for the past 17 years, 11 Somerset Dr, Buderim, boasts views and plenty of potential.

While buyers were happy to give feedback, no offers were presented during the campaign with Peter King of Ray White Mooloolaba.

"It was interesting, all the feedback was at a similar figure, yet the owners were looking at a different number." Peter said.

Interest on the day bought 3 registered buyers, two of whom actively bid. The opening bidder, an investor offered $450,000 and went on to compete against first home buyers.

With the bid at $635,000 negotiation led to lengthy discussions, but eventually agreement was met for $650,000 to the first home buyers who are looking forward to moving in when the current tenancy ends later this year.

Unique offering

CARS lined the road as almost 60 people gathered for Belle Property Noosa's auction of 203 Eumaralla Rd, Weyba Downs.

The shed offering two-bedrooms on 6736sqm proved appealing as Ben Radcliff and John Stamp registered 14 potential buyers including several interstate phone bidders. …

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