Real Estate

Melbourne couple sells then buys in a few hours on Christmas Eve

Written by The ReReport
As seen in the Source link, written by news.com.au on 2019-01-03 20:22:27

A Melbourne couple were busier than Santa Claus on Christmas Eve when they sold their home and bought their next one in the space of a few hours.

The productive pair first sold 22 Canterbury Rd, Middle Park for $2.08 million — within their $1.95-$2.15 million advertised range.

RELATED: Exciting summer tipped after Portsea auction tops reserve by $500,000

Melbourne real estate experts reveal what to expect in 2019

A few hours later at 6.30pm they were on the other side of the contract, buying an apartment at 1601/499 St Kilda Rd, Melbourne for $1.181 million.

Oster + Co’s Dave Oster handled both sales and said he’d never experienced anything like it.

“You can do a Christmas Eve sale, though it’s rare,” Mr Oster said.

“But I’ve never done both sides like this on Christmas Eve.”

The couple had only visited the apartment to see an example of what their next step might be, but fell in love with it. So when the deal to sell their home was finalised, they immediately moved into purchasing mode.

“They knew they were getting an offer and they said ‘where will we go’ and I suggested they see the apartment and they loved it,” Mr Oster said.

“I signed the second one on the bonnet of the (apartment vendor’s) car.”

In a further twist, a finance clause on the home they sold was resolved on New Year’s Day.

“The young guy was looking at buying a property he could add value to,” Mr Oster said.

The sales reflected that despite a tough market, it was still possible to get deals done.

“That’s this market, if you are keeping your chin up — you will sell,” Mr Oster said.