Buyer tactics drags out auction as Newtown riverside house passes in before selling

Buyer tactics drags out auction as Newtown riverside house passes in before selling nmprofetimg 1559
Buyer tactics drags out auction as Newtown riverside house passes in before selling capi 658921552947646072bf8ee78e2d1f6e 651277f8693c5e25365b32af53285be7

94 Buckingham Rd, Newtown sold for $975,000 after auction.

Slow bidding from two buyers turned a Newtown auction into a stand-off worthy of a spaghetti western.

The pair joined Buxton auctioneer Tom Butters as the three protagonists in the auction that lasted more than 20 minutes at 94 Buckingham Rd.

Despite the epic auction, the property was passed in for $960,000 and sold immediately after for $975,000, selling agent Christine Allison said.

RELATED: What pandemic means for Geelong property?

Upsizers cement Highton home’s big gains

$500 bid seals million-dollar city home

“We were pretty close, we ended up bringing the people inside to get it done and they were thrilled,” Ms Allison said.

Buyer tactics drags out auction as Newtown riverside house passes in before selling capi 658921552947646072bf8ee78e2d1f6e 78fb891c52a4e655ee59ca9cdd84897b

94 Buckingham Rd, Newtown sold for $975,000 after auction.

“They’re locals, a young family who had been trying to get into the area for a while.”

The renovated and extended three-bedroom house is close to the Barwon River amid a manicured garden.

Updates included a kitchen with a central island bench, pantry, ample cupboards and stainless-steel European appliances adjoining the dining area and living room that lead to a deck through bi-folding doors.

Buyer tactics drags out auction as Newtown riverside house passes in before selling capi 658921552947646072bf8ee78e2d1f6e 1e5727820d0eec9e22794abb7b6d8547

94 Buckingham Rd, Newtown sold for $975,000 after auction.

Two bathrooms were also updated, while the house features three internal living zones, plus the covered outdoor entertainment area.

Ms Allison said the bidders decided to take as much time as they needed as the auction progressed.

“The lady in front would bid, the second guy would give a bid and then Tom would go back to her and call for $5000 and she’d say, ‘no, I’ll wait’,” she said.

Buyer tactics drags out auction as Newtown riverside house passes in before selling capi 658921552947646072bf8ee78e2d1f6e ce6f76823a3288e2bafce799a29b7520

94 Buckingham Rd, Newtown sold for $975,000 after auction.

“Tom would do the countdown and then she would come in.

“Then the other guy thought that was a good idea and he would say ‘No, I’ll wait’ and Tom would do the countdown again.”

Ms Allison said the agents stepped inside several times to keep the vendors abreast of matters.

“The vendors reserve never changed and I never asked them to.

“It was an interesting tactic from both the purchasers.”