The sale of property by auction is widely recognised as the most effective and successful method of achieving a premium price for a property in the shortest possible time. This is achieved by the following:
An Auction Program is an impressive demonstration of the commitment to sell, with a targeted marketing campaign intended to saturate specific buyers in the market.
The contract of sale will be on your terms and conditions of the sale are predetermined.
An auction date creates a sense of urgency yet still allows purchasers ample time to complete their own inquiries and arrange finance.
On the actual day of the auction each potential purchaser can clearly see their competition, which builds competitive bidding and ultimately exhausts market demand – resulting in a premium price.
At the conclusion of a successful auction, the purchaser is required to pay a 10% deposit and the Agreement of Sale of Land must be executed.
Once the contracts have been signed the purchaser is locked into the purchase of the property.
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