Sold: for less than $8000
IF you had $8000 yesterday, you could have bought a new camper trailer, or a fit-for-Leslie-Dam-fishing tinny, or a three-bedroom house in Guy Street.
No, this not a newspaper typo, as the 300 callers who contacted Harcourts Real Estate in the 48 hours after the property was listed will testify.
In a genuine sale, the original condition Guy Street home sold for just under the listing price of $8000. The only catch: it was for removal.
Harcourts Real Estate principal Max Holder admitted to a smidgin of creative licence in advertising the house for sale minus that detail.
But the affable salesman said securing a completely liveable building for a fraction less than $8000 was an “absolute bargain”.
“We had 300 calls after the property was listed on Saturday,” Mr Holder said.
“People were saying we'll take it sight unseen; we don't care where it is.
“It was phenomenal. It brought out a lot of potential buyers.”
It also had a favourable outcome for the seller.
At the end of a manic two days of enquiries, the home owner was in the enviable position of being able to choose between five offers.
“It's the cheapest house we've had under contract for a long-time,” Mr Holder said.
“It sold to allow for the development of a duplex on the site.”
Yet he said the spin-off from the quick sale would have long standing ramifications for his business.
“It brought us in contact with a lot of potential clients keen to buy at the lower end of the market,” Mr Holder said.
The only problem in the Rose City: an acute shortage of homes under $200,000.
“We had a $178,000 property listed at 4pm the other day and it was sold an hour later,” Mr Holder said.
“We currently have at least 20 clients looking, but there are very few listings at that lower end of the market.”