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Beyond Expectations: When Auction Paddles Run Dry

Written by Aimee Mackenzie | Sep 4, 2023 1:13:03 AM

In the fast-paced world of real estate, exceptional moments stand out as a testament to expertise, dedication, and the art of achieving remarkable results. Such a moment unfolded recently, as Mitchell Wynne and Lauren Ansell of LJ Hooker Southern Gold Coast orchestrated an extraordinary auction that left its mark on both the attendees and the community. Let's delve into the story behind this remarkable achievement and reveal insights that could prove invaluable for potential home sellers and buyers.

A Perfect Blend of Location and Appeal

Enter Miami—a coastal jewel nestled between the well-known neighbourhoods of Burleigh Heads and Mermaid Beach. The mere mention conjures images of an effortless beachside lifestyle, a lively café culture, and an unmistakable artistic atmosphere. It's a locale that captures the hearts of both residents and visitors, setting the stage for the unfolding successful auction.

Mitchell Wynne explains, "The property more particularly, attracted a large amount of interest primarily due to its locality and proximity to the beach, cafes, and parklands, together with its entry-level price point."

An Electric Auction Atmosphere

The auction itself was a showcase of energy and excitement. The demand was so high they ran out of paddles, a clear testament to the extraordinary level of engagement! With over 50 groups in attendance, the atmosphere was charged with anticipation. Amidst the exchange, a prospective buyer's dog decided to add its voice to the proceedings. The auctioneer's playful inquiry about the dog's bark as an official bid elicited laughter from the crowd. Bids surged, exceeding the reserve and reaching a remarkable $922K.

Mitchell adds, "Ultimately, watching the buyers’ reaction when the auction had been called and they realised they had secured the property was the true standout moment for myself personally.”

A Record-Setting Turnout: Strategies Unveiled

Drawing 21 registered bidders is no small feat. Mitchell and Lauren shed light on their approach. "At the outset of the campaign, we ensured that the property was marketed in such a way to reach as many interested potential buyers as possible. This was in my view aided by the property’s price point and locality. We were overwhelmed by the response at our first open for inspection and from there, it was critical that we engaged with each individual prospective buyer, to encourage them to at least attend, if not actively participate at the auction."

Mitchell adds that this achievement also stands as a record for the highest number of registered bidders the auctioneer has overseen this year. This underscores not only the appeal of the property but also the skilful orchestration of the auction event that generated such remarkable participation.

Insights for Success: A Winning Bidding Strategy

Following the auction, the winning bidders' strategy came to light. They chose to sit back and let the bidding commence, waiting for the right moment to make their first bid. Their intention was to "swoop in at the end and secure the property," a tactic that defied conventional wisdom.

Mitchell Wynne and Lauren Ansell from LJ Hooker Southern Gold Coast have showcased their exceptional skills and achieved remarkable success within the realm of real estate. Their ability to orchestrate a dynamic auction and attain exceptional outcomes stands as a testament to their expertise and unwavering dedication.

If this auction's impact is any indication, the future holds promise, growth, and extraordinary opportunities for sellers. Ready to embark on your real estate venture? Reach out to the LJ Hooker team today. Let us guide you toward achieving remarkable results.