A savvy ploy to enlist a stylist has seen a West Ryde seller collect $200,000 more for their house.
The Bennett St home sold for $165,000 over reserve at $2.015 million in an auction that saw 26 buyers compete.
It was one of the 652 virtual auctions scheduled to take place across Sydney this weekend, according to CoreLogic.
Green Real Estate’s Michael Green said he encouraged the seller to style the home after they received a $1.82 million offer with another agent a few months ago.
“The $12,000 spent on styling added plenty of value to the home,” he said.
“Sometimes you don’t need to do that much to the property to have a significant impact on the price.”
Auctioneer Michael Garofolo opened the auction at $1.2 million, with 10 bids required for it to pass the $1.85 million reserve, with another 14 for the home to sell. The largest bidding increase during the auction was a $200,000 punt made by the underbidder to take it from $1.5 million to $1.7 million.
McGrath founder John McGrath was the auctioneer for a block of flats in Randwick that sold for $5 million.
This was $500,000 above the reserve set prior to the auction by McGrath Coogee agent Mark McPherson.
An eastern suburbs buyer purchased 10 Coogee St and plans to improve the apartment block. They were up against four other active buyers for the keys to the property. Mr McPherson had over 70 buyers inspect the property during the campaign.
There were 25 registered bidders for 25 Third Ave in Gymea Bay, which was on the market for the first time in over 30 years.
Auctioneer Andrew Cooley said a total of 27 bids were placed at the virtual event before it sold for $320,000 above the reserve at $1.72 million.
The three-bedroom house had been on the market with LJ Hooker — Gymea’s James Mitchell.
In Thornleigh, 12 Yaralla Cres sold at auction for about $70k over reserve at $1.57 million. Dion Verzeletti of Ray White reported there were 11 registered bidders with seven active during the event.
Mr Verzeletti said there was plenty of activity still in the market despite the Covid-19 lockdown.
“Not many people are selling at the moment, but those that are seeing plenty of interest from buyers,” he said.
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