Should I Sell my Home by Auction?
Auctions are a popular method of sale for Australian homeowners. An auction by its very nature creates a sense of urgency amongst buyers as there is a specific period of time in which the buyer must take action or risk the possibility of losing their opportunity to secure the property. Auctions can be effective as it creates a competitive environment amongst bidders, often driving the offers up as each party tries to outbid the others. This can be extremely advantageous for sellers who have time restrictions and are looking to achieve the best possible price in the shortest period of time.
Let’s look at the pro’s and con’s in further detail.
It would be wise to speak to your Stockdale & Leggo agent about the best selling strategy for you as everyone’s personal circumstances vary and your agent will be best placed to advise on the most effective method to suit you.