A competitive atmosphere means auctions often achieve higher than expected prices. A First National Real Estate auction will help you achieve your desired result. First National Real Estate’s skilful sales staff and auctioneers are well acquainted with the market and will recommend sale by auction when appropriate.
There are three phases in sale by auction, each offering the chance to sell with a result that is agreeable to you.
Sale before auction
The competitive situation can often encourage prospective purchasers to make offers prior to auction. First National Real Estate will always submit these offers for your consideration (at your discretion, of course). As a vendor, you have the option accept an offer before auction and execute an immediate, unconditional sale. It is important to note that by no means are you obliged to accept the offer.
On the auction day
The auction itself is usually the time when your property will sell as the bidding creates competition., often inducing that ‘little bit more’ from bidders. First National Real estate Auctioneers are experienced in keeping that competition flowing until the highest possible price is attained.
An auction’s after effects
In the event that bidding at the auction does not reach your reserve price, you have now determined the realistic current market value of your property. First National Real Estate are then in a position to negotiate a sale with the genuine bidders and other parties.