Then buy a new home one auction later...
Auctions continue to be the preferred method of selling homes around the Ponsonby locale - as exemplified by an incredibly rare occurrence at a recent day in the auction room of leading real estate agency Bayleys.
Ponsonby home owners Jo and Gary were one of the first auctions to come up on the run sheet at an auction day held in Bayleys’ Auckland head office. Their magnificent four-bedroom, three-bathroom modernised villa in Sussex Street marketed by Blair Haddow of Bayleys Ponsonby sold under the hammer for $4million.
The property drew good viewing numbers at open homes and private viewings throughout the marketing campaign – with Jo and Gary trusting both the auction process and Blair Haddow to get a successful sales result.
However, Jo and Gary’s presence in the auction room for the day had only just begun, as they moved from holding court in the vendors’ negotiation room, to sitting on the main auction floor seeking to buy their new home. And they didn’t have to wait long – in fact they didn’t even have time to sign the first sale and purchase contract before they were called into action.
At the next auction immediately after their Sussex Street property, the downsizing couple began raising their hands in the bidding for a stylish and contemporary three-bedroom, two-bathroom townhouse in Kelmarna Avenue. After a solid round of auction activity, the couple were successful – taking out the home with a top bid of $3 million.
“I’ve sold more than 500 homes during my career in real estate, most of those at auctions, but I’ve never experienced a scenario where a vendor of one property then turned around and bought their next home at the following auction,” admits Blair Haddow, who is one of the leading auction sales proponents in the company, and indeed Auckland.
The recent pair of sales were two of four auctions Blair Haddow managed in the Bayleys auction room that day in March. All four auctions had bidding on them – with post-auction negotiations now ensuing on the one which didn’t quite reach reserve. The post-auction offers on the property is higher than the top bid at auction – so keep an eye out in the next edition of Ponsonby News for an update.
“Market values may fluctuate, and so too may sales volumes, but no matter what phase of the proverbial property cycle we are in, auctions still remain the premier method for selling homes,” explains Blair.
“Auctions are quick, clean, transparent, and deliver immediate results which give sellers the opportunity to move onto the next phase in their property ownership path.
“The classic text-book example of this, which I’ll be using for years to come, was Jo and Gary’s situation. Their initial sale gave them the certainty to purchase… literally 10 minutes later.”
Blair Haddow is confident that the next tranche of homes coming up for auction under his proven marketing management will deliver similar outstanding sales results for his clients. Among Blair’s portfolio of desirable dwellings coming up for bidding soon are:
20A Westmoreland Street West in Grey Lynn - a stunning warehouse style conversion featuring a main dwelling encompassing a four-bedroom, two-bathroom, two living area New York style dwelling. In addition, the property also consists of a separate three-bedroom apartment, and a two-bedroom apartment - which have previously been let out as short-term accommodation through Air BnB.
26 Farrar Street in Grey Lynn – A recently extended and remodelled north-west facing four-bedroom, two living room character home directly overlooking Grey Lynn and with off-street parking.
12 Dryden Street in Grey Lynn - a beautifully renovated three or four bedroom/two living room residence, with elevated views, double internal garaging, and an inground heated swimming pool.
A four-bedroom/three-bathroom family home with separate media room and wine storage cellar in Orakei. The spacious and well-lit elevated residence overlooks Mission Bay. (BLAIR HADDOW)
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