There are a lot of things to consider when selling your home, method of sale is one of them.
The two most common methods of selling Real Estate are Auction and Private Treaty.
Read our eBook to find out more about Methods of Sale or talk to one of our experienced agents who can give you advice on which method is best for selling your property.
When a property is offered for sale by Auction, it will go through an intensive marketing campaign over a short period of time, usually 4 weeks. The vendor has the right to set the reserve price, below which the auctioneer is not permitted to sell. On the day of the Auction, if the highest bidder reaches or exceeds the reserve price the property is sold and the auctioneer will conclude a binding contract between buyer and seller. Fitzpatricks Real Estate has qualified and licensed Auctioneers to carry out all Auctions, so that we can control the entire process. Properties most likely to benefit from the Auction process are usually properties where demand is greater than supply; unique properties, particularly if located in Central Wagga or Turvey Park; or where a quick and definite outcome is required, for example, an inherited estate.
When a property is offered for sale by Private Treaty, a price is set on the property and the property is then marketed by your agent at that price. Potential buyers make offers on the property and the vendor has the ability to accept, reject or negotiate on these offers. Private treaty is the most common method of sale in Wagga Wagga.
Pricing Your Home
There are four areas you need to consider when pricing your home.
- What features does my property have?
- What comparable properties are currently for sale?
- What comparable properties have recently sold?
- What is the current market doing and how will this affect me/us?
For more detail and further information, download our ebook here