We had a very tight and strict search time for this client of 6 weeks. They have developed several properties in the past and knew exactly what they wanted to buy. The agent was clear from the beginning that this property had to go to auction as it was a deceased estate. Deceased estates almost always go to auction, as they must be put to the market and sold publicly to ensure they receive a ‘market price’. We used our auction bidding strategy to secure the property for our client at auction against four other bidders for $1.389 million, well below our client’s budget. We also negotiated to pay a 5% deposit upfront instead of the standard 10% which meant they could put this money to other costs associated with the development.