30 Apr 2014 By: Greg Hocking 0 Comment
This year we’ve seen increasing numbers of vendors opt to sell their property by auction rather than private sale. In fact, the latest figures from RP Data indicate the first quarter was the busiest time for auctions in Melbourne’s history with a record number of properties going under the hammer. The increase was a full 58 per cent on the number of auctions held in the same time last year.
Given the positive market conditions, this comes as no surprise. Competition among buyers translates to plenty of energy within the market and competitive bidding at auction which often results in sale prices above reserve. Indeed, we’ve seen many very happy sellers in this position in recent months.
The prospect of competitive bidding and great results are the key drawcards of auctions, but there are also a few more benefits:
Our auctioneers and accomplished sales professionals have helped thousands of sellers achieve great results at auction. If you’re contemplating selling in the months ahead, contact us for an obligation-free chat today.