Aireys Inlet Real Estate Open Home Inspections September 17 – 18

Aireys Inlet Real Estate Open Home Inspections September 17 – 18

DUD AUCTION BUYER SUCCESSFULLY SUED

An auction ‘buyer’ whose cheque for the 10 per cent deposit bounced was successfully sued by the home’s owners in the NSW Supreme Court.

The Sydney house, based in Collaroy, was initially sold for $2.3 million to Lily Gubbay, beating two other bidders.

But, as The Daily Telegraph reported, Ms Gubbay left a dud cheque for the compulsory 10 per cent deposit.

The owner, who eventually sold the house for $1.95 million, successfully sued Ms Gubbay in what the report said was believed to be the first case of its kind.

On Friday, Justice Bergin ordered the ‘buyer’, Ms Gubbay, to
never sell a house by auction again.

“It gives you a nasty feeling,” Ms Clancy told the newspaper.

Real Estate Institute of Australia president Pamela Bennett told the Daily Telegraph that she had never heard of this happening in her 35 years in the business but it shouldn’t put people off selling at auction as it simply reinforced that the process was legally binding.

“At all auctions you must be able to pay the deposit. It is unconditional,” she said.

Aireys Inlet Real Estate Open Houses

Saturday 17th September
11:00am – 11:45am Lot 36 Narani Way, Fairhaven
11:00am – 11:45am 7 Narani Way, Fairhaven
11:00am – 11:45am Lot 29 Narani Way, Fairhaven

Sunday 18th September
11:00am – 11:45am Lot 36 Narani Way, Fairhaven
11:00am – 11:45am 7 Narani Way, Fairhaven
11:00am – 11:45am Lot 29 Narani Way, Fairhaven

Aireys Inlet Real Estate Agent James Worssam

James Worssam
0418 585 815

 

 

 

 

 

 

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