After Planned Dream Home Surprise Failed, Man Forced to Sell Property for $150K Profit

After Planned Dream Home Surprise Failed, Man Forced to Sell Property for $150K Profit

After his wife declined to relocate, a Brisbane resident was compelled to sell his coveted dream home in Clayfield, which he had acquired for $2.15 million during an auction.

The desire of a Brisbane man to delight his wife with a new home has gone awry as she declined to relocate. The man acquired a multi-gabled period property in the prestigious Clayfield area for $2.15m during an auction last year, which boasted all the features typical of historic Queenslanders.

The dream home boasts four bedrooms, four bathrooms, and a double garage. And despite the classic VJ walls, sleek timber flooring, lofty ceilings, exquisite leadlight French doors, casement windows, and stylish plantation shutters featured in the dwelling, his wife did not approve of the purchase.

The man had hoped to convince his wife to move in, but he had to resort to extreme measures and sell the house. The property was put on the market through the “best offers by February 28” campaign and was sold in just four days, a whole week before the campaign’s deadline.

Ultimately, a Brisbane-based family emerged as the top bidder, offering $2.3 million, which was $150,000 higher than the seller’s original purchase price in November last year.

The man attended the auction last year and bought the property without his spouse inspecting it. Despite the buyer’s positive expectations, the turn-out at the property was not as expected.

The recent purchaser was a woman who has reportedly sold her property in the latter part of last year. She had already viewed the house but couldn’t make the purchase at the time as she had not yet sold her own property.

The circumstance of the seller underscores the significance of comprehensively researching and reflecting before making a considerable investment in real estate and highlights the necessity of ensuring that all parties involved are in agreement prior to concluding the deal.

Published 19-April-2023