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WHY SHOULD YOU TAKE YOUR PROPERTY TO AUCTION?
If you have decided to sell your home, choosing the right method of sale is extremely important!
There are a number of benefits to taking your home to auction:
1. Creating Competition - Auctions create a competitive environment. During a short period of time an emotional connection can be created between the property and the purchaser. This may increase a home's value and help achieve a premium result.
2. Having a Set End Date - This created the sense of urgency for a prospective purchaser to be organised for the auction day. Setting a date also create a structured selling plan in which to achieve a sale either prior to auction, at auction or post auction. It also provides the vendor clarity in the selling process and ensures all are prepared for open inspections.
3. Attracting More Potential Buyers - Auctions can help you attract more buyers through the open inspection and more bidders registering at the auction. Interested buyers may stretch themselves under a competitive environment to buy the property.
4. Get the Most from your Marketing - A high impact marketing campaign, usually condensed between 21 to 28 days, gives you the opportunity to attract the maximum amount of purchasers in a minimum amount of time. This also allows buyers more of a change to see the advertisement, recognise it and develop an immediate emotional connection between the property and themselves.
5. Unconditional Contract - Once the hammer falls a buyer is bound to the contract and an immediate exchange takes place. This allows the buyers to see who they are competing with and you as the seller can see first hand what the market is prepared to pay for their home.
6. Easy Negotiation After Auction - If the property passes in (doesn't sell at auction), don't worry as your agent is an expert at negotiating successful sales after auction.