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Auction in action!

December 14, 2020

The market has been extremely strong however, we have still been able to secure a number of great options for our clients.

After the final client-go-ahead on the previous Thursday, we sprang into action to get everything prepared and due diligence completed for the Saturday Auction. With its single level, 3 bedroom 2 bathroom appeal, Buyer’s Advocate knew the bases were going to be loaded and competition, fierce.

An opening bid of $760k from bidder one commenced proceedings with Buyer’s Advocate firing back at $800k knowing it wouldn’t buy the property but move the figure closer to reserve for an anticipated outcome. Bidding moved quickly in $10k increments to $830k, whilst Buyer’s Advocate was firing shorter bids in an attempt to break the increments down. At $850k the property was announced on the market/unreserved and we were run up in $1000 rises to $860k. Bid upon bid, we reacted strongly securing the property for $59,000 under our client’s expectations.  

Watch the condensed version here!