Real Estate

Last minute finance puts young buyers in hot seat

Written by The ReReport
As seen in the Source link, written by on 2019-05-21 01:36:17

A YOUNG couple who managed to secure finance the day before a Geelong West auction have surprised themselves by walking away with the keys to their dream home.

McGrath, Geelong agent Will Ainsworth said the Highton buyers didn’t hold out much hope of purchasing 15 Trigg St on Saturday.

But he said two other parties that couldn’t organise finance in time were unable to bid for the renovated four-bedroom house.

MORE REAL ESTATE: Winning bidders drawn to original character of Highton home

Entry-level Belmont house proves affordable first step for newlyweds

Melbourne investor sees value in rising attraction of Thomson

That left the new owners as the only contender, with bidding opening at $750,000.

Mr Ainsworth said the property was passed in and they negotiated to buy it for $830,000.

“They were absolutely thrilled, they did not expect to get it,” he said.

“It was their first auction and one from one, how good is that?”

He said the weatherboard house, once a two-bedroom “ugly ducking” had undergone a stunning renovation that delivers four bedrooms, two bathrooms, a stylish kitchen, separate dining and loungerooms.

The property also has rear access to an oversized triple garage.

“It was something that had already been done, they could move straight in,” Mr Ainsworth said.