Why choose an auction this spring?
Many home owners are finding auctions a great method of selling this spring, as this sales method motivates buyers to make a decision to purchase in a set time frame and potentially achieve a premium result.
- Offers vendors an opportunity of getting a cash, unconditional contract;
- Sets a time frame for purchasers to organise their purchasing position;
- Allows the market to determine the true price of a property.
Even if the property does not sell on auction day, the agent will have three to four weeks of valuable feedback and buyer engagement to use when setting a price to take it to the market.
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 spring.
Additionally, a property that has a market value difficult to estimate, would be good to list and sell now.