How an Auction can Improve Your Next Sale

The decision to sell your property by auction or private sale is an important one. Both can offer different benefits depending on your situation, but auction often gets overlooked as a risky and speculative choice. I’ve recently had a number of properties go to auction, with incredible results!

Let’s look at recent auction for 152 Allen St, Hamilton which sold under the hammer at a virtual auction in August 2021:

This two bedroom, one bathroom, 465m² home had a starting bid of $750,000 the auction quickly created a sense of competition and urgency and after 41 bids, the property sold for $1,210,000, the highest price in that pocket (east of Nudgee Road in Hamilton).

A number of reasons a client may choose to go auction, like 152 Allen St did, include:

• Multiple opportunities to sell- prior to auction, auction day or through negotiation.

• Reserve price is customisable, so you can maintain control over the auction.

• The seller can choose a settlement date that suits them.

• Virtual auctions are available for interstate buyers, or to mitigate complications due to COVID regulations.

The Ray White Ascot team is extensive and can support a large number of bidders on the day. When you list with myself, you get the support of the entire team!

I offer all my clients the opportunity to go to auction, and endeavour to find the right selling method for you so you can get the most out of your sale.

If you have further questions about auctions, or are looking to sell, get in touch today!