When selling your property, there are quite a few different modes of sale you can opt for. However selling your home through auction has many benefits, such as:
Auctioning your property is about so much more than simply showing up on auction day. There’s a lot that goes into it beforehand to ensure you achieve the best result possible for your property. Marketing your property well is chief among the things you’ll need to do.
Your sales consultant should walk you through your marketing plan in detail, from the images that’ll be selected and advertised, the copy that will be included, to where the property will be advertised (online, papers, brochures, in office, etc.)
If you’re in the country, the best recommendation is to attend your auction. It’s great to have you there if there are any last minute questions.
Your auctioneer will also want to confer with you depending on how the auction is going. If bidding stops below your reserve price for example, your auctioneer will want to discuss next steps with you.
It’s important for you to understand and be clear on what your reserve price is, and how it’s used during the auction.
There are three types of figures to consider before the day: