Openn Negotiation and Michael Vettoretto of Queensland Sotheby's International Realty come together to offer an exceptional opportunity to leaseback this lifestyle property in sunny Queensland.
In his 31 years of real estate as agent and auctioneer, Michael Vettoretto of Queensland Sotheby's International Realty, has only had one other property as unique as Gracemere, come onto the market.
Located 10 minutes from Maryborough and 20-25 minutes to Hervey Bay on Queensland's Sunshine Coast, Gracemere has been on and off the market for the last eight years.
"Gracemere is a property that is difficult to value as it is a beautiful home, with plenty of land which includes three airstrips," said Mr Vettoretto to WILLIAMS MEDIA.
"The vendors are very motivated and are keen to leaseback the property, which means a guaranteed income of $45,000pa for the first 12 months.
For this reason Mr Vettoretto chose to list the property with online auction site Openn Negotiation, providing a transparent sales process where the buyers could participate and the vendors could see what was going on.
"The beauty of using Openn Negotiation is that the property could be sold tonight," said Mr Vettoretto.
"I did not want to eliminate any buyers for the property.
Gracemere is being auctioned on Openn Negotiations through agent Michael Vettoretto of Queensland Sotheby's International Realty."With a normal auction, you need a 10 per cent deposit and a timeframe of 30-90 days to pay.
"With Openn Negotiation there is the opportunity for conditional buyers to compete subject to finance and variations on terms, which is a big thing.
"The terms, however, have to be accepted by the owner.
"We are not dealing with a traditional property, so a traditional sale process was out of the question, which is why Openn Negotiation was the right way to go."
The Openn Negotiation process explained
Peter Gibbons, CEO of Openn Negotiations said the process of auctioning a property with them was managed entirely by the real estate agent.
Gracemere is being auctioned on Openn Negotiations through agent Michael Vettoretto of Queensland Sotheby's International Realty.
"Openn Negotiation is Australia’s trusted property sales platform — combining components of traditional selling methods and technology to allow greater transparency, flexibility and ensure the best possible sale outcome is achieved," said Mr Gibbons.
"An Openn Negotiation is conducted entirely online, where pre-contracted buyers can start bidding from day one.
"The sales process is very flexible as vendors can choose to allow buyers with conditions to participate and bring the final bidding stage forward to sell the property quickly.
"The entire process, including the signing of all documentation, can be operated on a suitable device from anywhere in the world."
Mr Gibbons said for buyers to participate they submit a pending bid on the property they’re interested in, through the Openn Negotiation platform.
"The agent is notified and gets in touch to help them complete some documentation, including submitting any special conditions for the seller to consider," said Mr Gibbons.
"If the seller accepts their terms, their pending bid becomes live for the world to see.
"They can then choose to bid further or wait for the final bidding stage."
Find out more about Gracemere here
Gracemere online auction on Openn Negotiations.
This is an Openn Negotiation sponsored article.
Similar to this:
Top selling Agent joins Openn Negotiation
New partnership with Openn Negotiation and realestate.com.au
Preston auction through Openn Negotiation hits reserve in 8 days