The simple answer is no, not necessarily.
Once upon a time (10 years ago at least) some agents used to encourage the auction process over private treaty (for sale). Some of the reasons behind auction marketing favouritism was:
- Auction marketing is normally on a shorter time frame of 4 weeks, therefore increasing sales turnover and profit [...]
This is the latest article on real estate auctions from my auction series. If you have a specific question, please feel free to comment!
Residential real estate auctions are all about pulling at the emotional heart strings of a buyer so that they spend, spend, spend, bid, bid, bid!
At an on-site auction buyers can see, touch [...]
This is part 3 of my real estate auction series, a set of blogs which aim to cover common questions regarding the auction process.
How Much Is An Auctioneer?
A residential property Auctioneer charges anywhere from $400 to $600 and must be booked a month in advance. If you sell prior most Auctioneers still charge their fee [...]
How do you choose whether to put a price on your property or go to auction? There are a few simple questions a seller can ask themselves to help with this choice. They are
Is my property unique?
Is my property hard to price because it is so unique?
How many other properties are on the market with [...]
Starting on Monday 12th July, I am beginning a 4 week series covering all aspects of auctions. Beach & Bay Realty tracks auctions in the suburbs of Cronulla, Woolooware, Burraneer, Caringbah, Caringbah South, Lilli Pilli and Dolans Bay every week and from this we receive lots of questions from the public on various aspects [...]
As you know Beach & Bay Realty has been making a huge effort to track auction results in our area since 2008 due to the lack of results that appeared in the papers. We realise it is a huge job for companies to track the whole of Sydney so we decided to take matters into [...]
Today 2 out of 6 properties sold in our area. Both properties were strata properties in Cronulla. One of these sold prior to auction. This brings the auction clearance rate to a low 33% this week. There were actually 9 properties scheduled to go to auction but 4 of these were auctioned in one line [...]
With the dreaded end of financial year now behind us, I thought it would be appropriate to take a trip down memory lane and look at what has happened at Beach & Bay Realty in the last year. June 2010 marked our 10th birthday, and we don’t often toot our own horn, but when an [...]
The 57% clearance rate (8 out of 14 auctions sold) last week doesn’t reflect some of the excellent prices achieved in the postcodes of 2230 & 2229 (Cronulla, Woolooware, Caringbah, Burraneer, Dolans Bay & Lilli Pilli).
102 Turriell Point Road Lilli Pilli selling for $200,000 over the reserve and 4 Judd Street Cronulla with [...]
There is no doubt the market has cooled but out of the 8 sales from 17 auctions in the suburbs of Cronulla, Woolooware, Burraneer, Caringbah & Lilli Pilli last week there were some great sold prices. For example – 81 Mirral Road, Lilli Pilli bought last year in October for $1,075,000 sold on Saturday 5th [...]
