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Is an Auction The Right Choice of You?

Have you ever been to one of those auctions? You know, where the property looks great, the auctioneer sprouts all the top things about it and there is a massive crowd. The auctioneer then asks for an opening bid which seems to trigger the crowd into a state of suspense, rather than a battle to the end bidding frenzy!

So why is the auctioneer left standing there making quips to the crowd like, “You won’t buy it if you don’t bid” or “There is no consolation price, only the feeling of regret.” Or the gem… “The contract’s missing only two things, your name and your price.”?

The Right Agent

It can be traced right back to who you decided to choose as your agent and how they advised your property should be marketed and sold. There are many ways to sell residential property, but there may be only one or two ways to successfully sell a particular property. This is why when you are looking to sell and choose your agent, investigate what else is on the market, how it compares to yours and the method of sale that is being used.

Paths to Auction Success

For the right property matched with an experienced auction agent, the auction process can be really successful for the vendor. It can be broken into four main areas that starts with advice on how to prepare and present your home, followed by when to hold open homes, how to qualify buyers and the information fed to the interested ones. This flows right through to auction day and understanding who the actual buyer could be amongst those registered to bid and how to get all bidders to bid.

A willing seller and a willing buyer is what makes a transaction. An experienced agent that can use strong demand to create competition and achieve a price over and above all expectations is what makes the difference.

When deciding to sell your property, consider your product and how it fits the surrounding market and choose your agent wisely. Nailing these two things and you are on your way to a fantastic result.

When you decide to sell, call us first and we can help you with where your property sits in the market, selling methods and which agent to choose to achieve an optimum outcome.

Contact Us to learn more about how we can help.