Selling your property at auction offers a fast, transparent, and competitive process that often leads to exceptional results. With an auction, you set a clear timeline,
creating urgency among buyers and driving them to act quickly. The competitive nature of bidding can push the sale price higher, often exceeding expectations. Plus, the auction method offers transparency, as all bids are visible, giving you confidence that you’ve achieved the best price. For sellers looking for certainty and a high-impact marketing strategy, auctions are a powerful way to sell your property swiftly and successfully.
1. Why should I sell my property via auction?
Selling at auction can generate a sense of urgency and competition amongst buyers, often leading to a higher sale price. The auction process is transparent, with all bids being visible, and it provides a set timeline for selling your property, reducing the uncertainty of a lengthy sales process.
2. What costs are involved in selling my property at auction?
Costs typically include auctioneer fees, marketing expenses, and agent commissions. These fees vary depending on the auction house or agent you choose, but we provide a detailed breakdown so you can make an informed decision. Marketing is key to driving interest, so allocating a portion of your budget to advertise the auction effectively is essential.
3. What happens if my property doesn’t sell at auction?
If your property doesn’t meet the reserve price and isn’t sold on auction day, it may be “passed in.” You can still negotiate with the highest bidder or other interested parties afterward. Alternatively, your agent can guide you through listing the property for private sale post-auction.
