Buyers emerge with offers on Geelong inner ring properties after auctions
AGENTS selling two Geelong inner ring houses have been locked in negotiations with buyers as offers emerged after they were passed in at auctions.
No sooner had auctioneers passed the properties in did potential buyers come forward with post-auction offers for homes at 366 Aberdeen St, Newtown and 74 Britannia St, Geelong West.
Maxwell Collins, Geelong agent Eugene Carroll said the Aberdeen St home was passed in on a $650,000 vendor bid and had since been switched to private sale with $700,00 price hopes.
“No sooner had the auction finished did we get two offers straight after the auction,” Mr Carroll said.
“Both are not at the acceptable level at this stage. The vendors’ asking price is now $700,000, but we’re edging closer.”
The three-bedroom clinker brick house occupies a corner block opposite The Geelong College junior school.
Meanwhile, Buxton agent Matthew Pearce said he’d also had two offers on an original california bungalow at 74 Britannia St after auction.
Price hopes for the property after the auction were set at $699,000, but Mr Pearce said offers had yet reached an acceptable place for the vendors.
The four-bedroom weatherboard house occupies a 730sq m block with rear lane access, allowing buyers the potential to tackle a development.
At Waurn Ponds, Hodges auctioneer Marcus Falconer said he could recognise some familiar faces in the crowd but couldn’t entice a buyer to bid for the three-bedroom house at 10 Vintage Court.
Mr Falconer made a $560,000 vendor bid below the quoted $580,000 to $630,000 price hopes for the 16-year-old house built by Geelong builder Gary Watts.