Summit's auction marketing programme achieves one of the highest success rates in the real estate industry, consistently delivering results that exceed vendor expectations. The auction method is suited to all properties, especially those with unique features, sought-after locations, and situations of high buyer demand.
Auctions let the market determine your property's true value through competitive bidding. Compare this with private treaty where your price may be so high that no one will make an offer, or it could be so low that you run the risk of underselling your property. Through buyers actively bidding and openly competing, Summit has produced some fantastic auction sales with prices well over the vendor's expectations.
The deadline for auction day creates a sense of urgency and helps buyers who may otherwise procrastinate to make a buying decision. When buyers compete openly, competitive bidding often drives prices beyond initial expectations. If there's a premium in the market for your property, the auction method is the most effective means of securing it through this competitive environment.
Auctions eliminate complicated conditions and lengthy negotiations - it's a binding contract on the fall of the hammer with no cooling-off periods, no subject-to-sale clauses, and no last-minute renegotiations.
Marketing without an asking price means buyers judge the features and benefits that the property offers them and removes any objections regarding price. This method exposes the property to the broadest possible range of prospective purchasers.
Your Summit salesperson will provide you with regular market feedback so you will be fully informed when setting your reserve with the auctioneer. We will assist you in setting the terms, conditions and auction day deadline including any specific instructions you have, such as possession date and chattels (your solicitor will vet these).
The auction method has proven time and again to deliver exceptional results for property sellers. If you are considering selling and would like to talk to one of our salespeople about the benefits of auction marketing,
Get in touch today.