Watch our short animated guide to help you prepare.
Five tips to know if auction will bring the best price for your home.
Before an auction, typically a pre-auction meeting will be held. This is where an auctioneer will be told the owners expectation, which is usually the reserve. Sometimes the reserve is set a bit higher, with vendors realistic in the fact they may negotiate on the day to meet the market.
A lot of the flow of an auction is momentum – we are there to create it, maintain it, and to allow everyone the opportunity, funds willing, to be able to buy the property.
Is it normal for an auctioneer to have this much involvement with a vendor and realtor in the lead up to an auction?
Each Sunday John Symond answers one of your questions – this Sunday we’re looking at gazumping and if there’s anything you can do to avoid it if you’re buying a property.
It’s auction time but you don’t know how to bid at auction; poker face with big sunglasses or wear your Sunday best in an attempt to scare away the competition? One buyer’s agent gives us his tips and tricks for how to buy a house at auction.
Public auction, private treaty and silent auction each have their own pros and cons for different situations, so here’s an outline of each according to some experts in the field.
Things can happen very quickly at auction with the highest bid reached often in a matter of minutes. Having a clear strategy will help you stay cool under pressure.
When it comes to choosing between private treaty and sale by auction you need to be absolutely sure your home has what it takes to generate intense market interest. However, if you have the right kind of property sale by auction can offer significant advantages.