FaceTime Buyer Secures Last Vue Apartment
26 June 2020
Two luxury beachside apartments have sold via FaceTime this week for more than $2 million each as interstate buyers act quickly to secure holiday homes before borders reopen. A sub-penthouse at Vue Broadbeach sold for $2.2 million and Apartment 501 inside the beachfront Northcliffe Residences at Surfers Paradise fetched $2.4 million. Harcourts Coastal agent Tolemy Stevens said both properties sold to Sydney buyers who inspected via FaceTime only before signing cash contracts.
“If you had told me three months ago that people in Sydney were going to be buying luxury real estate on cash unconditional contracts within 30 days over the phone, I’d have said you’re crazy,” he said. “Times have changed and this could well be the new norm.” Mr Stevens said although neither buyer had bought real estate via FaceTime before, both knew exactly what they wanted and wasted no time making a decision.
“Each of those buyers had two FaceTime inspections – the first to view the property and another to walk around the area,” he said. “By the third day, both properties were under contract with quick settlements.” Mr Stevens said both buyers intended to use the apartments as holiday homes because they were unable to travel overseas for the foreseeable future. “Both buyers highlighted to me that with overseas travel off the cards for at least a year, they’ve decided to secure a luxury holiday home on the Gold Coast,” he said.
“Value for money mixed with the lifestyle and the weather on offer here makes it an easy decision for these clients to sign on the dotted line.” The buyers had been eager to close a deal before the borders reopened and competition for real estate increased. “Both of these buyers indicated they wanted to strike while the iron is hot, before the borders open and everyone floods in to potentially increase competition and the price they may have to pay,” Mr Stevens said.