PHOTO: Ryde home sellers Sam and Nathan Moscato got a price way above expectations. Picture: Gaye Gerard Source: News Corp Australia
Nervous homeowners who were scared they did “the wrong thing” by selling their property were in tears at their auction after getting unexpected bids that onlookers said were “nuts”.
A Ryde couple anxious about selling their home due to COVID-19 got nearly $2 million for the property at auction, netting them $345,000 above their reserve price.
The auction for the Greene Ave home of Sam and Nathan Moscato attracted 21 registered bidders and a crowd of close to 100 people spread across both sides of the street.
The hammer dropped at $1.945 million, but selling agent Michael Dowling of McGrath-Ryde said the vendors had considered $1.7 million a “dream price”.
The three-bedroom house on a 728sqm block was marketed with a $1.55 million to $1.65 million price guide.
Auctioneer Max Wylie received an opening bid of $1.63 million. Picture: Gaye GerardS ource: News Corp Australia
“We feel very lucky,” Ms Moscato said. “A tear or two was shed during the auction. We never expected it to go like that.”
Ms Moscato told the Sunday Telegraph she was feeling nervous prior to the auction but started to feel better when a strong opening bid was placed.
Auctioneer Max Wylie received an offer of $1.63 million from a buyer’s agent immediately after launching the auction, which he said was an attempted “knockout bid”.
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