Auctions are a great way to take your property out of the pile of properties for sale and put it on top of the pile. We do this by advertising the property in all areas of advertising mediums alerting everybody in buying mode that your property is FOR SALE this is normally done within a two week or four week campaign.. longer if circumstances warrant it. The Property is advertised without a price, the buying public will judge your property by its own attractive attributes, not be biased by price.

Would you agree that most people see a price and then make an offer below that price?

The settlement period is generally within four weeks of the sale. (Unless the property has a lease, the lease agreement must be taken into consideration).The Vendor must be completely vacated from the property before midday the day after settlement. If the property is vacant, the new owners can take possession immediately after settlement has occurred. It’s that Easy!

I am sure you would agree that those people, who seem to be more successful than others, are the people who are not fearful of potential failure. These very people in fact embrace ideas and ideals that are outside the average person’s way of thinking.. This is the difference between successful and average….

We have compiled a list of the most frequently asked questions about Auctions, we hope the answers given will assist you in deciding on whether an auction is for you…

I have heard that not all Auctions sell on Auction Day.. So Why Bother?

Auctions are a three stage process, Pre- Auction, Auction day and post Auction with a 90% success rate, If you take a look at all the properties that are for sale in your neighbourhood this week, how many of them haven’t sold?. Chances are, many of the "for sale" signs in your area have been up for a lengthy period. Is there a reason why they have not sold?

What happens if it doesn’t sell on Auction day?

The property will have gained so much exposure in the advertising campaign that it is 

Likely the property will sell soon after the auction. It is not uncommon for the buyer not to bid at auction, for instance they may not have been able to organise their finance prior.. The important factor is that through all the advertising, your property has been exposed to attract the one purchaser who appreciates the property and will pay the premium price for it.

Is it expensive to have an Auction?

The selling fee is the same as a private treaty listing… The only extra cost is Advertising and the Auctioneers fee…. The Auctioneer’s fee will be between $500-$1000. The advertising costs vary depending on the exposure required for your property..

Can I accept an offer before the Auction day?

If an offer is presented to you that you are happy with YES! You can sell before going to auction… If the Auctioneer has been booked then you still pay the auctioneer’s fee.. And you will only pay for advertising that has been booked to go to press.. Remember, advertising the property without the price and the comprehensive advertising has netted you a buyer and a great price…your property has SOLD!

What Happens on Auction Day?

 On Auction day the Property will be open for inspection prior to the auction… immediately after the inspection; the Auctioneer will call the auction. Just before the auction you can nominate your reserve price to the Auctioneer. Your reserve price will more than likely be derived from the feedback given to you from your Listing Agent. The sale is made to the highest bidder over the reserve price on the fall of the Auctioneer’s hammer. If the highest bidder does not reach the reserve price, the highest bidder has the opportunity to further negotiate immediately after the auction. If the highest bidder does not choose to exercise this option then the next highest bidder gets the opportunity to negotiate privately.

What is a vendor Bid?

A Vendor’s bid is when the Auctioneer calls a bid on the vendor’s behalf, more than once, but not exceeding ten times. This is the auctioneer’s way of letting the bidders know that they are lower than the reserve price.

You may not choose to use this option, but it does serve a valuable purpose should you wish to exercise it. 

Will there be any dummy bidder’s at the Auction?

NO! The Auctioneer’s act states that the highest bidder above the reserve price is the buyer; the sale is made at this point. The Auction must be legitimate in all facets.. The Auctioneer can be heavily fined and face court action.

While care has been taken with preparation of these particulars, no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects.