Conditional buyers miss out on Lara home as first-time purchaser meets vendors at auction
THE threat of post-auction competition produced a satisfactory result for the sellers of a four-bedroom Lara house.
The Grand Lakes Estate home built by Henley sold under the hammer for $645,000 after Ray White, Lara, agent Matthew Wade-Taylor worked with a single bidder.
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Mr Wade-Taylor said there were two conditional buyers waiting in the wings at Saturday’s auction at 28 Eastlakes Blvd, hoping the property pass in, a message he made clear to the bidder.
“We only had the one bidder by we still got the result. We had some conditional buyers who would have lived it but weren’t in a position to buy at auction.
Mr Wade-Taylor said the bidding opened on a $600,000 genuine bid, countered with a $620,000 vendor bid.
The buyer placed a $630,000 advance before Mr Wade-Taylor consulted his vendors.
“I did go in and speak to my vendor and came back out and asked them to bid at $645,00 and the vendor put it on the market and it sold,” he said.
“I said to them I have got two conditional buyers here today that will buy it if you don’t get to where the vendors are at,” he said.
The first-home buyers would be relocating from Werribee, he said.
The four-bedroom house has three living spaces, including a home theatre, and offered views of estate’s lake system and the You Yangs.
The property was listed with a price guide from $640,000 and $665,000.