The value of the auction process continues to prove itself with recent campaigns resulting in a number of happy sellers.
From units to houses, blocks of vacant land and lifestyle properties with acreage, the auction process is getting the desired result.
One recent standout example was a vacant five acre lifestyle block marketed by Shane Wight (agent and licenced auctioneer) and the LJ Hooker team.
It was a case of shoulder to shoulder for the crowd of buyers and interested onlookers who filled the room to capacity to see how the auction would play out.
By the time proceedings got underway, a whopping 23 prospective buyers had officially registered to bid - either in the room, online, or on the phone with agents.
A flurry of bids were placed before the successful buyer secured the property with a bid that was above the vendor’s reserve price.
“Throughout the duration of the marketing campaign we received 98 buyer enquiries from a range of local, intra and interstate parties so we knew the auction would be well attended,” Shane explained.
Shane said the success of the sale confirmed the value of the auction process as a transparent means of selling and a very effective means of generating competition between prospective buyers.
Additional results from recent campaigns include:
- 5 bedroom, 3 bathroom home - under the hammer
- Lifestyle property – prior to auction
- 4 bedroom, 2 bathroom home – prior to auction
- 1 bedroom unit – immediately post auction
- 3 bedroom apartment – immediately post auction
