Case Study: How Auctions Can Benefit the Seller and the Buyer

Case Study: How Auctions Can Benefit the Seller and the Buyer

Case Study: How Auctions Can Benefit the Seller and the Buyer

How auctions can benefit the vendor and the buyer

Recently an original Bardon residence on Outlook Crescent changed hands for the first time. Auctioneer and Selling Agent Grant Penrose was honoured to sell the home for the seller who he had known for 29 years, after living in the same neighbourhood.

The well-loved house is situated in one of the best streets in Bardon, on land stretching 860sqm. And although the house is still in the original condition, it generated incredible interest with 3354 online inspections. After 27 days, six registered bidders fought for ownership at auction where the house sold for $832,000.

To reach premium selling price for the property, Grant emphasised the unique opportunity to live on a fantastic street. He also highlighted the benefits of the Bardon community where he has sold houses for 28 years.

To reach premium selling price for the property, Grant emphasised the unique opportunity to live on a fantastic street. He also highlighted the benefits of the Bardon community where he has sold houses for 28 years.
Case Study: How Auctions Can Benefit the Seller and the Buyer

The Benefits of living in Bardon

It doesn’t take much convincing to encourage people to purchase in Bardon. The area is prime Brisbane real estate with strong market growth, is located close to the CBD and is surrounded by natural wildlife. The kookaburras, for example, will be the most excited when the home is occupied again as they consider the house their home as well.

Case Study: How Auctions Can Benefit the Seller and the Buyer
Case Study: How Auctions Can Benefit the Seller and the Buyer

The benefits of buying at auction

Bidding at auction can be daunting, but Grant believes if the agent spends time with potential buyers beforehand to explain the process, it gives them the confidence to get involved. This is particularly useful for first home buyers because it ensures they know what the process is like and what they can expect.

One of the advantages of an auction – to the buyers – is they can see their competition. For example, this situation could have been more stressful if it was a private sale and the bidders didn’t know what the other six offers were. Of course, for the sellers, it is an unconditional contract and they know the property is sold so they are happy too.

Are you looking to sell your Bardon home? Contact Grant today on 0418 747 997.