Latest news with #buyer
News.com.au
25-05-2025
- Business
- News.com.au
Inner Geelong snapped up in ‘good buy' after first inspection
A local buyer who inspected an inner Geelong home for the first time prior to auction, used the post-auction unconditional period to lob an offer with the sweetener of a short settlement to snap up the property. The purchasers paid $750,000 for the four-bedroom character home at 20 Thorne St, East Geelong, after the home had been passed in at auction. Gartland, Geelong agent Greg Matheson said the deal surprised some people, who he said later told him they would have acted at the level on the two-storey house. But they didn't, and the buyer ultimately timed a run to purchase the home to perfection. 'She went through the property for the first time at the auction,' Mr Matheson said. 'Her offer was under auction conditions, so it was an unconditional offer.' While the buyer had inspected the property prior to the auction, she didn't raise a hand when the auction opened. 'She walked up after it and said I'm going to put an offer in – unconditional, 30 days,' he said. 'Come Monday, it was reverting to private sale, which all of a sudden brings in conditional buyers, who are subject to finance or other conditions.' Mr Matheson said he negotiated to raise the final deal to $750,000. The attraction was the location, he said. 'It's a great pocket of East Geelong and a really tightly-held community. 'It's always been a prestigious location but it's probably one of those that's been mistakenly overlooked for far too long. 'It is such a great spot near the CBD, Eastern Gardens. There has been a heavy focus on Geelong West, Newtown, Manifold Heights and Hamlyn Heights – that side of town. 'She feels she's got a really good buy.' The property went to auction with price hopes from $820,000 to $890,000, after tenants had vacated the home. East Geelong's median house price is $765,000, according to the latest PropTrack data. The two-storey character home offered an appealing entry point to one of East Geelong's most tightly held tree-lined streets where new owners could renovate or extend. The four-bedroom house occupies a 357sq m block with dual-street frontage, paving the way for new owners to add garaging off Winter St. A large north-facing porch adorned with leadlight windows introduces the weatherboard home, which has ducted heating, split-system cooling and solar panels. Inside, the entry level features high ceilings and archways that link the cosy front lounge to a formal dining room with a decorative corner fireplace. Upstairs is a light-filled parents' retreat that incorporates a second living space and a spacious main bedroom with a modern ensuite and a walk-in wardrobe.
Wall Street Journal
25-05-2025
- Business
- Wall Street Journal
How to Sell a Condo When the Market Is Working Against You
Real-estate agent Jaclyn Bild was trying to sell a Miami condo recently when she got a request: Could a prospective buyer have a video call with the condo association president? The interested buyer wanted to ask the board president about the building's budget and whether there might be future costly repairs. Bild had never gotten such a request and, in the past, she thinks the association would have turned it down. But sellers of condos, and their real-estate agents, are having to put in more work in a market that has softened relative to single-family homes. She pushed to arrange the call.
News.com.au
22-05-2025
- Business
- News.com.au
Bold bid snatches East Geelong ‘Golden Triangle' home prior to auction
A Sydney buyer who swooped on a renovated period home in East Geelong's 'Golden Triangle' has ensured it's off the market before it was scheduled to go to auction this weekend. The ornate, four-bedroom character house that gives way to a modern, split-level extension complete with a bright atrium sold for $1.55m. The 607sq m property at 310 Myers St, East Geelong, was scheduled to be auctioned on Saturday with a price expectation of $1.5m. Jellis Craig Geelong agent Marcus Falconer said the aggressive offer after inspecting the property mid-campaign ensured it would come off that market before other potential buyers had their ducks in a row. Mr Falconer said the buyer was relocating to Geelong, where there is already family. 'She came down and just put forward an aggressive offer pre auction to secure it,' Mr Falconer said. 'There was strong interest from locals and people relocating to the area. She beat a few to the punch that weren't quite ready to pull the trigger.' Mr Falconer said the Golden Triangle position, close to the Garden St shopping village and Geelong's botanic gardens, and the heritage facade convinced the buyer to make a move. 'East Geelong is probably one of the best-kept secrets for Geelong. I think local people have started to give it the due attention that outside people who love it do.' The boulevard was also a key attraction for the sellers, who enjoyed the wide, tree-lined street and those surrounding it. Its proximity to East Geelong village, schools, hospitals, and two train stations – South Geelong and Geelong – makes it the 'ultimate commutable location to Melbourne, Mr Falconer said. The house also offers a flexible floorplan, with up to five bedrooms or up to four living zones. Many classic period features of the timber Californian, such as stained glass windows and in-built fireplaces, have been retained, while renovations by the previous owners and recent updates by the vendors have generated additional space and updated the home with modern conveniences. The owners added a modern touch in new renovations to the bathrooms and kitchen, flooring and painting. It's the most expensive sale in East Geelong for two years. The suburb's median house price has dropped nearly 18 per cent in three years to $765,000, according to PropTrack data.
