Auctions motivate buyers, even in challenging markets
Many home owners are finding that auction is a great method of selling in these market conditions, as this sales method motivates buyers to make a decision to purchase in a set time frame and is achieving good price results for them.
The merits of going to auction in the current market are that an auction:
- Gives vendors an opportunity of getting a cash unconditional contract.
- Gives a time frame for purchasers to organise there purchasing position.
- Allows the market to give indication on market price from feedback.
- Even if property does not sell on auction day, your agent will have weeks of great information to use when setting a price to take it to the market with so you don't price your property out of the market place.
Properties with large buyer groups, development opportunities, family homes, and anything the agent believes is going to have good competition will be the best to market in the final stages of winter and into the onset of spring.
Additionally a property that is hard to identify a true market value for would be good to list and sell now, and quite simply by leaving it up to the market to decide its price.