In today’s competitive property market, what’s the benefit of selling your Northern Beaches property by auction versus private treaty? First, if you’re not familiar with the term ‘private treaty’, this simply means listing your property with an agent and then the agent finds suitable buyers to show your property to.
However, there are many benefits to selling via an auction. An auction has only one active sales day and a number of viewing days that you can prepare for beforehand. Most people also find that the price they receive for their home can be higher than if it were sold by private treaty, especially in today’s market. This is due to the competition on the day and the urgency that an auction generates amongst buyers.
Set your reserve price
To ensure that your property sells for a price that you’re happy with, you can set a reserve price with your agent. At JDH, we’re well-versed in the market around your area.
We know what similar properties have sold for and will be able to sit down with you and help you to work out what your reserve price should be. In this way, you’ll have realistic expectations on the day of the auction.
Choose your auctioneer
At JDH, we have two main auctioneers we recommend. You might like to visit a few auctions in your area to see the style of the different auctioneers but together we will determine which auctioneer is better to conduct your property auction.
Prepare your home for auction
Before the actual day of the auction, we will organise a number of viewing days and, in lockdown periods, specific appointment times. We will work with you to arrange the best possible times for these. This saves you the hassle of having your home spotless on a day-to-day basis but ensures that your home looks its absolute best on these specific days.
Remember that most buyers are looking for a home that they can move into straight away without having to do major repairs or renovations. Therefore, it’s up to you to ensure that everything in your home is clean and in working order.
Ensure there are no dripping taps, no stains on the walls or the brickwork and that your home sparkles inside and out. You can take care of this yourself or ask your agent for a professional who they can recommend. It’s also a good idea to remove as much clutter as possible to ensure that your home photographs well.
Don‘t forget the outside of your home either. Your lawns should be mown and garden beds weeded and tidy. Make sure that all your garden tools are packed away in the shed or garage.
We might also recommend a home stylist and photographer who can help you to show your home in the best way possible.
Selling your home by auction is the best method of sale to expose your home to the greatest number of buyers to ensure that your home sells at the best possible price. But don’t be daunted by this process. One of our professional property agents can work with you to make the entire process as easy as possible. We have all the knowledge, experience and contacts to make sure you get the best results.