The Contract Was Signed But The Seller Accepted A Better Offer. How Does That Happen?

A sale price for a house in Woolloongabba has increased after a seller negotiated an option to accept a better offer, if presented with one, before completing an agreed contract.

25 Qualtrough Street, Woolloongabba offered 809m2 of land (on a single lot). Whenever we have a sizable plot of inner-city land we expect to attract a large volume of interest. This campaign was no exception.

Interested buyers were a mix of long-term investors recognising the value of inner-city property, owner-occupiers and those looking to utilise the land area to add additional dwellings.

Through our Jeff Jones EasySale campaign, detailed contract and property documents are prepared in advance and made available online. The information provided allowed prospective buyers to arrange finance approvals and make investigations to satisfy themselves of the current condition of the property. Pre-sale building and pest inspections, FloodWise and Dial Before You Dig reports all assisting.

This information helped a buyer present an offer to the seller that was acceptable and a contract was executed. We negotiated an arrangement where the seller could accept a “better” offer and continued to market the property during the contract period. The sellers were fortunate enough to receive a subsequent offer resulting in an earlier settlement at an increased price.

The final result allowed a settlement to occur before Christmas at a price above expectations.

 

25 Qualtrough Street, Woolloongabba

Sold for $920,000

“I have just sold a home with Matt Jones from Jeff Jones RE. His communication was excellent & his expertise in contracts / dealings with buyers allowed us to achieve what we wanted in a timely manner. I have no reservations in recommending Matt to those who value commitment & service.” Steve Passingham

 

Like to know more about an EasySale? We’d love to tell you! Find out more here and get in contact today!

 

Woolloongabba in 2019

Interesting facts

• One in every 3 houses sold this year has achieved a price above $900,000.

• Statistically the medium price has fallen, however this is likely the result of a shortage of houses coming to market above $1,500,000 rather than a downward trend in property values

• Apartment transactions have dropped by almost 80% from the construction boom of 2015/2016

Want to know more about recent sales in Woolloongabba? Download a copy of our Woolloongabba Suburb Flyover

Jeff Jones Real Estate

Ph (07) 3397 5166
60 Old Cleveland Road
Stones Corner Q 4120