The architecturally-designed Mudjimba beach house attracted a lot of attention throughout the four-week marketing campaign with Mark McGill of Amber Werchon Property, although it wasn't all easy sailing to sell 22 North Beach Place.
Mark anticipated three active buyers were ready and keen to vie for the four-bedroom home after each prospective buyer inspected four times and all authorised and paid for a building and pest report.
Just days before the December 16 auction date, the building reports unearthed water concerns which would require costly repairs. This came as an unexpected shock to the buyers, the seller and also the agent.
"Fortunately one of the buyers saw this as an opportunity to renovate and so turned up on the day to bid," Mark explained. "After looking to relocate to Mudjimba for the last nine years he saw this as a prospect too good to pass up."
Gordon Macdonald, of Jason Andrew Auctioneers, called for an opening bid and was immediately rewarded with an offer of $450,000 although he was quick to add that that figure would not buy the property and countered with a vendor's bid of half a million dollars.
When the starter increased their offer with a second bid of $550,000 instructions were sought from the seller.
Mindful of the concerning building inspection report, the seller was well aware of the importance of a cash unconditional sale and agreed that it would be foolish to negotiate with conditional parties.
"The reserve was adjusted and the property announced on the market at $580,000," Mark said. "With one final bid, the auctioneer called it through three times and called it sold.
The buyers had tears of happiness realising that they had finally managed to secure a property in a position they had dreamed about for many years."
For more comprehensive coverage on this week's auctions, and for more on property, pick up your copy of Domain free in Saturday's Sunshine Coast Daily.
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