Archive for selling by auction

Going, going gone! Why Auction.

Posted by thepropertypeoplecampbelltown 
· 12 September 2018 

When it comes to selling your house, we know getting the very best price with the least stress is your top priority. Auctions are often the best way to achieve this, as well as offering several other benefits for sellers too. Read on to find out why going under the hammer will likely work for you.

Short and sweet
Auctions get maximum exposure for your property in a short period of time with a structured, intensive marketing campaign over three to four weeks. This approach not only creates a sense of urgency for buyers, but has the added advantage of meaning you won’t have to keep your house clean for months of open homes or agent visits, and you have a defined timeline to plan around.

The market decides the price
Rather than guessing at the value of your home, and placing a ceiling on what people will pay for it, auctions allow buyers to decide for themselves what a property is worth. This means you get a true market value for your home if it sells at auction.

Competition is maximised
A property is worth what any one party is prepared to pay for it, so creating fair competition for your home can push buyers to truly consider their top price come auction day, and may result in you getting more than expected when the hammer finally comes down.

Signed, sealed, delivered
An auction sale is an unconditional sale, which means that once your home passes the reserve (set by you) and the auctioneer declares it sold, you can sign the paperwork and know the deal is done. This eliminates drawn-out contract negotiations, and is often the best option for anyone needing quick settlement terms for another purchase.

Passed in, but not passed on
If your home is ‘passed in’, meaning it doesn’t sell at auction, the intense interest and buyer activity generated in the lead-up to the auction means you usually have an increased chance of selling the home at a negotiated price to interested parties. Your Sales Consultant will already know who is genuinely interested in the property and can deal direct with them to see if an agreement can be reached.

At Harcourts The Property People and Harcourts Lifestyles, our experience and results over the last four years of monthly auction events proves that our auction method is a great way of getting buyers and sellers together for optimum results. Contact one of our Sales Consultants today for more information and to view our past auction results.

Categories : Auction, Selling
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Our August auction event and results

Posted by thepropertypeoplecampbelltown 
· 20 August 2018 

On Wednesday 8th of August at the Catholic Club in Campbelltown, a crowd gathered to watch and bid on some fantastic local properties. The auction included four former social housing properties that are part of the renewal of the Airds/Bradbury area.

Five of the six properties submitted to the auction campaign were SOLD at or before the auction event.

Here’s the summary:

BRADBURY, 8 Harrah Place – SOLD at auction!
AIRDS, 10 Haddon Rig Place – SOLD at auction!
BRADBURY, 192 St Johns Road – SOLD at auction!
AIRDS, 13 Boonoke Place – SOLD at auction!
CAMPBELLTOWN, 66 Hoddle Avenue – Passed-in
GLEN ALPINE, 9 Bishopscourt Place – SOLD prior to auction!

The property that was “Passed-in” at the event has strong interest, and will be negotiated and finalised in the next week.

This has been another great auction event, delivering fantastic results to our clients. Most of our properties sold above their reserve prices.

AUGUST AUCTION EVENT STATISTICS:

  • Five of the six properties were SOLD – an 83% clearance rate.
  • Our team achieved an average of 28 buyer inspections per property leading up to the auction.
  • There was an average of 9.5 bidders per property at the auction event.
  • Results averaged $27,250.00 over our sellers’ reserve prices.

Our experience and results over the last four years of monthly auction events has clearly illustrated to us that our auction method is a great way of getting buyers and sellers together for optimum results.

Other methods of sale are effective too, however none have the absolute transparency of the auction method. At our auction events, both buyers and sellers witness the process in action!

If you are looking to buy a property that is being sold by auction, here are some important points to keep in mind:

  • Under the auction method, all buyers are given equal opportunity to buy.
  • When you are bidding on a property, you know and can see who your competitors are.
  • If you are purchasing under auction conditions, you know you are dealing with a seller who is committed to selling.
  • At the fall of the hammer, the auction is final, and if you are successful, the property is yours with no further negotiation. The contract is then signed straight away.

A big “thank you” to all our sellers and buyers from our August auction event. Thanks also to our Auctioneer, Paul Casarotto, and our supporter Domain, The Macarthur Advertiser and Harcourts NSW.

OUR NEXT IN-ROOM AUCTION EVENT WILL BE HELD ON WEDNESDAY 26TH OF SEPTEMBER. SEE OUR WEBSITE PROPERTYPEOPLE.NET.AU FOR MORE INFORMATION, OR CALL OUR OFFICE ON 4628 7444.

Categories : Auction, Selling
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July Auction Results

Posted by thepropertypeoplecampbelltown 
· 2 August 2017 

On Wednesday 26th of July, we held our in-room auction event at the Catholic Club in Campbelltown.

Five outstanding properties were presented during the auction campaign with one property selling prior to auction, one selling under the hammer, and three were passed-in.

Here’s the summary:
RUSE, 1 Wilson Place – SOLD prior to auction!
MOUNT ANNAN, 42 Angophora Circuit – SOLD!
AMBARVALE, 13 Claypole Street – Passed-in
LEUMEAH, 15 Wallaga Avenue – Passed-in
ST HELENS PARK, 9 Lovely Place – Passed-in

JULY AUCTION EVENT STATISTICS:

  • Two of the five properties SOLD at or prior to the Auction event.
  • Our team achieved an average of 20 buyer inspections per property leading up to the auction.

The properties that were passed-in at the event have strong buyer interest and we expect these will be SOLD within the next couple of weeks.

Over the last 4 years of running monthly auction events, we have found that the auction method is a great way of getting buyers and sellers together for optimum results.

Other methods of sale are effective too, however none have the absolute transparency of the auction method. At our auction events, both buyers and sellers witness the process in action!

If you are looking to buy a property that is being sold via auction, here are some important points to keep in mind:

  • Under the auction method, all buyers are given equal opportunity to buy.
  • When you are bidding on a property, you know who your competitors are.
  • If you are purchasing under auction conditions, you know you are dealing with a seller who is committed to selling.
  • At the fall of the hammer, the auction is final, and if you are successful, the property is yours with no further negotiation. The contract is then signed straight away.

A big “thank you” to all our sellers from our July event for entrusting us to sell your properties, and also to all our buyers for working with us for successful outcomes. Thanks also to our Auctioneer, Paul Casarotto, and our supporter Domain, The Macarthur Advertiser and Harcourts NSW.

OUR NEXT IN-ROOM AUCTION EVENT WILL BE HELD ON WEDNESDAY 9TH OF AUGUST. SEE OUR WEBSITE FOR MORE INFORMATION, OR CALL OUR OFFICE ON 4628 7444.

Categories : All Categories, Auction
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