The auction option has become one of the most preferred
non-price marketing strategies with our clients. And that's
because it has proven to be the most successful, with the
highest sales rate. It's also the least disruptive and intrusive
method because you only need to open your home at times
which suit you best, plus your property will be on the market
for the shortest time - on average, just 30 days.
You'll remain in total control of the whole process too.
In consultation with me as your property consultant, you'll
set the terms, conditions, auction deadline and also agree
on the undisclosed minimum reserve price you're completely
comfortable with. With your input, a professional marketing
plan will be put in place which will ensure that your property
gains maximum profile within those crucial first few weeks
of exposure to the market.
Auction is designed to attract genuinely interested, cash-in-hand
buyers who will be focused only on establishing the maximum
price they are prepared to pay, not how low their offer
should be. On auction day, they will be emotionally committed
to purchasing as they actively compete against each other.
If a buyer reaches their limit they may go beyond it for
fear of losing out, combined with renewed confidence in
the property's value provided by the other bidders. All
this works in your favour.
As soon as the intensive, high profile auction marketing
program begins, prospective buyers have all the information
they need to make an unconditional purchase on auction day.
The percentage of true 'cash' buyers is at a premium.
A price-marketed property offers buyers the opportunity
to negotiate the purchase price. At auction however, buyers
compete against buyers with the purchase price being a secondary
issue compared with their desire to purchase, own and enjoy
your property.
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