Auction Process

 

Checklist for an Auction
Cleaning and clearing of the unit/house
Organising the status report for the Auction board
Organising a conveyancing for drawing up the auction contract
So far we have achieved the lead up to the marking…..
Professional photos
Text for Advertising 
ABC board
Internet
Text for Editorial—3rd week of the Auction campaign
Organising fliers for the surrounding neighbourhood
Brochures for the property
Organising Auction Board
Up to date recent sales of houses/units in the area to provide to clients to justify the price range
Opens —Saturday and Sunday for 4 consecutive weekends
Seven WONDERS OF AUCTION
Specifially tailored to suit the property to maximize exposure
Owner approves of all marketing campaign—co ordinated and supervised by Raine & Horne
Adverts in paper have preference for exposure
Auctioneer that is chosen is experienced and knows the process and location well
Auctioneers role is to get the highest price, be submitted and sold
Over 80% of our properties that go to Auction get sold within the time frame
Auction atmosphere enhances better prices by competitive bidding - in a fair market
Create interest and enquiry-entice clients to come and see the property
Each house open to have at least 2 people assisting to ensure safety of possessions
Find out feedback from every person that comes to the home open
Each Tuesday afternoon face-to-face and discuss programme and  feedback
A week before the auction listing agent and the auctioneer go through the process of the auction
Determine what amount is suitable for a deposit
Go through the contract to ensure it is appropriate
Becomes unconditional—30 day settlement
Day of the Auction
Have the last open at least 30 minutes prior to the Auction set time
Copies of the contract of sale will be displayed and brochures available
Auctioneer to be briefed 15 minutes before Auction begins—prospective buyers
Communicate feedback in relation to the reserve—set the reserve price
Record names and numbers of attendees
Sale Production—people, atmosphere, professionalism, competent and personable auctioneer
Sales personnel—stand in the front with auctioneer, start on nominated time. Give a warm welcome to attendees
Auctioneer to read the standard conditions of  Auction:- 
Title particulars
Inclusions to the sale
Special conditions
Zoning details
Completion date

Checklist for an Auction

Cleaning and clearing of the unit/house

Organising the status report for the Auction board

Organising a conveyancing for drawing up the auction contract

So far we have achieved the lead up to the marking…..

Professional photos

Text for Advertising 

ABC board

Internet

Text for Editorial—3rd week of the Auction campaign

Organising fliers for the surrounding neighbourhood

Brochures for the property

Organising Auction Board

Up to date recent sales of houses/units in the area to provide to clients to justify the price range

Opens —Saturday and Sunday for 4 consecutive weekends

Seven WONDERS OF AUCTION

Specifially tailored to suit the property to maximize exposure

Owner approves of all marketing campaign—co ordinated and supervised by Raine & Horne

Adverts in paper have preference for exposure

Auctioneer that is chosen is experienced and knows the process and location well

Auctioneers role is to get the highest price, be submitted and sold

Over 80% of our properties that go to Auction get sold within the time frame

Auction atmosphere enhances better prices by competitive bidding - in a fair market

Create interest and enquiry-entice clients to come and see the property

Each house open to have at least 2 people assisting to ensure safety of possessions

Find out feedback from every person that comes to the home open

Each Tuesday afternoon face-to-face and discuss programme and  feedback

A week before the auction listing agent and the auctioneer go through the process of the auction

Determine what amount is suitable for a deposit

Go through the contract to ensure it is appropriate

Becomes unconditional—30 day settlement

 

Day of the Auction

Have the last open at least 30 minutes prior to the Auction set time

Copies of the contract of sale will be displayed and brochures available

Auctioneer to be briefed 15 minutes before Auction begins—prospective buyers

Communicate feedback in relation to the reserve—set the reserve price

Record names and numbers of attendees

Sale Production—people, atmosphere, professionalism, competent and personable auctioneer

Sales personnel—stand in the front with auctioneer, start on nominated time. Give a warm welcome to attendees

Auctioneer to read the standard conditions of  Auction:- 

Title particulars

Inclusions to the sale

Special conditions

Zoning details

Completion date