Cou­ple have high hopes of good re­turn on home sale

The Courier-Mail - Property - - REALESTATE INSIGHT - THE GOLD COAST’S TOP PER­FORM­ERS MICHELLE HELE

LOR­RAINE and Garry Hand­cock down­sized to a house at Hope Is­land about six years ago.

They had pre­vi­ously lived on acreage at Ormeau and were look­ing for some­thing a lit­tle smaller at the time.

The Hope Is­land house is now a lit­tle too big for them also, so they are sell­ing with plans to move into a sin­gle-level home in the same area.

“(When we moved here) It was a life­style change for us,’’ Mrs Hand­cock said.

“This house was smaller we came from a re­ally big house on a ridge.’’

“We are down­siz­ing again, but we are def­i­nitely stay­ing in the area.

“It has just got ev­ery­thing here.

“There are lots of restau­rants we can have a golf buggy, I can go around to the shops in a golf buggy.

“Liv­ing in a se­cured es­tate there is a cer­tain com­raderie amongst peo­ple in the es­tate. “It is a re­ally nice feel.’’ Ms Hand­cock said they had con­sid­ered sell­ing last year, but de­cided to wait as the mar­ket still seemed a lit­tle rocky then.

“We held off last year, we sat on our thumbs for a lit­tle while.’’

But she said the indi­ca­tions were that the mar­ket was now start­ing to move again, al­though she is re­al­is­tic about what sort of price they will achieve. She said they bought at the height of the mar­ket and re­alised prices had since come back.

“We had had quite a bit of in­ter­est (af­ter two open homes),’’ she said.

Ms Hand­cock said their mar­ket­ing agent Phillip Chillemi of McGrath Broad­beach had told them that the past few weeks had been very ac­tive for him with lots of in­spec­tions of prop­er­ties.

“I think that there are less prop­er­ties on the mar­ket now than there were,’’ she said.

“I think there were a lot of peo­ple last year put into a po­si­tion where they had to sell.

“But I think that has sort of gone out of the mar­ket now.

“We don’t need to sell, that is the dif­fer­ence (for us) we would love to sell, but we don’t need to.

The house will be auc­tioned on Fe­bru­ary 2.

Lor­raine and Garry Hand­cock plan to buy a sin­gle-storey house when they sell their Hope Is­land home.

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