More property deals are being done before and after auctions in Geelong as conditions in the market change.
Buyers kept silent at a Highton auction until one bidder made the solitary offer for a four-bedroom house before negotiating a deal later.
The buyer was the only party to raise a hand at Saturday’s auction at 16 St Catherine’s Drive amid a largely silent crowd.
Hayeswinckle auctioneer Michelle Winckle warned she would pass in the property without a bid as the silence lingered before the ventured the $900,000 offer on the property.
“If you start and no-one else bids then you have the fantastic opportunity to go straight inside and negotiate and potentially buy the home today
“We’ve got interest here. Either way, this home is getting sold today, I can confidently say that.”
It had been listed with price hopes from $950,000 to $1.045m price hopes during the campaign.
The four-bedroom residence had space for everyone, with living features such as a sunken lounge, a timber kitchen and a deep family zone opening to the backyard.
Listing agent Rachael Taylor said the parties agreed on a $1.005m price in negotiations.
Ms Taylor spoke to several parties in the crowd before the auction, including the eventual buyer.
She said another group had pinned their hopes the property would pass in.
“We did have a few buyers who had been through during the campaign,” she said.
“One was unfortunately unable to bid because their house hadn’t gone unconditional yet when they had sold.
“So they were out but were there, hoping that it may pass in and go on the market and they had an opportunity to buy it next week.”
Ms Taylor said the buyers were looking to upsize.
The couple that bought it are currently living in Belmont and wanted something a bit bigger,” she said.
“They liked the school zoning and also it was close to Highton’s shopping village and walking distance to everything.
“They’re a growing family, so it was a good result.”
More than a dozen properties scheduled to be auctioned across Geelong were sold either before or after auctions in the past few weeks.
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