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Suburb: Ascot Vale, Victoria
Service: BA (Search > Assess > Negotiate)
Budget: $1,600,000
Purchase Price: $1,592,000
Property: 4 bedroom, 2 bathroom house

Due to a growing family our clients decided they needed to upgrade their home. And this was the perfect market to do it in! The wind had been knocked out of the prestige property market but the sub $1 Million inner city market was still going strong and they had two properties to sell.

Engaged as vendor advocates (a free service) and buyer agents we managed the whole process for them. Their investment property Kensington we brokered a deal directly with the current tenant. Thus avoiding marketing cost and a hefty commission.

We enlisted the best local selling agents for their Yarraville home and assisted with the campaign (including ensuring a long settlement was part of the auction conditions, to provide time to find a new home). An aggressive reserve was set on auction day and post auction we achieved the highest possible price without losing the buyer. The sale of the Yarraville property caught the media’s eye and Antony Bucello commented that  whilst buyers had returned to auctions, it was difficult to read how properties would perform. This property sold soon after the Royal Commission into the Banking Industry had concluded.

Their new home in Ascot Vale passed into us at auction. We negotiated for it and secured it beneath the vendor’s reserve. Our negotiation included a suitable settlement period.